The amended agreement is valued at $2.90/mmbtu, utilising the price for Jubilee gas referenced in the 2017 Jubilee Plan of Development.
A US$1.98 billion oil refinery facility at Tema, Ghana is scheduled to commence operation by end of August this year.
Actual Energy Sector Levies collected from January 2022 to December 2022 totalled ¢6.703 billion, the 2022 Annual Energy Sector Levy Act (ESLA) Report has revealed.
Oceaneering International, through its Offshore Projects Group segment, has secured two contracts, worth more than $100m in total, for offshore projects.
Azule Energy – an incorporated Joint Venture between oil and gas supermajors Eni and bp – and international energy company Equinor have signed a Production Sharing Agreement (PSA) with Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) for Block 31/21, offshore Angola.
As more than 100 vessels wait to pass through the Panama Canal, congestion on the route is driving up freight prices and other costs for shipping companies, exacerbated by a shift in oil and gas flows, research finds. Historically low rainfall levels have forced authorities to reduce the number of vessels that can travel through […]
MILAN/LONDON, Sept 4 (Reuters) – Italy’s Eni (ENI.MI) has agreed to sell its Nigerian onshore subsidiary to local company Oando (OANDO.LG), the two companies said on Monday, the latest international energy giant to divest onshore assets in the West African country.
Despite the call heard ’round the world commanding the global business community to divest from fossil fuels and shrink their carbon footprints in the name of net zero, international oil companies (IOCs) still recognize Africa as their next frontier.
WorldStage Newsonline– The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to revoke the licences of oil operators or settlors who failed to remit the three per cent statutory fees to oil communities before September ending.
Ghana on Thursday, kickstarted preparations towards its participation in the 28th Conference of Parties to the United Nations Climate Change Conference (COP28), to be held from November 30 to December 12, 2023, at the Expo City, Dubai.