Nigeria’s oil production has been declining, missing its OPEC quota and severely hobbling government finance
LONDON — British regulators on Wednesday gave approval for Norway’s energy giant Equinor
to develop the controversial U.K. offshore Rosebank field in the North Sea, just off the northwest coast of the Shetland Islands.
The Ghana Upstream Petroleum Chamber has held its 2023 Ghana Oil and Gas Conference.
A spike in Brent crude prices last week to a 10-month high of over $90 a barrel has brought cheers to upstream oil companies with hopes of wider profit margins.
Eni SPA has signed a deal divesting one of its units in Nigeria to Oando PLC, saying the move is part of efforts to refocus on more profitable assets
Natural gas has been dubbed the ‘fuel of the future’ in Africa, largely due to its availability and sustainability. With over 620 trillion cubic feet of proven gas resources across the continent, the development of the industry offers newfound opportunities for Africa to tap into an alternative energy supply.
Australia’s Santos Ltd. has entered into a binding agreement to sell a 2.6 percent participating interest in PNG LNG to Papua New Guinea’s Kumul Petroleum Holdings Ltd. for $576 million in cash and the assumption of approximately $160 million of project finance debt, the two companies said.
OSLO, Norway — Investments in Norway’s oil and gas industry could surge to a record NOK225 billion ($21 billion) this year, according to Rystad Energy.
Recently, Norway and the UK managed to overcome certain challenges and increase investments heavily into the energy sector, especially in the North Sea region.
Dr. Matthew Opoku Prempeh, Energy Minister, says Ghana is taking the necessary steps to gradually switch from the use of fossil fuels to carbon-free and renewable energy sources.