As a major crackdown on illegal oil activities unfolds in Nigeria, security forces have launched airstrikes at vessels carrying stolen crude in the Niger Delta, destroying the vessels and their cargo.
The global energy industry is undergoing an unprecedented transition, bringing exciting new growth opportunities to the oil and gas (O&G) industry.
Tullow OIl (LON: TLW) share price has staged a comeback in the past three months even as short interest in the company rose. The stock ended last week at 35.68p, the highest level since March 6. It has soared by over 60% from its lowest point this year.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it projects an increase in natural gas production from 8.0 billion cubic feet per day (bcfd) in 2020 to 12.2 bcfd in 2030 through its gas development efforts.
A policy on energy: it’s been one of the most elusive concepts in British government, and for decades. But we might be about to get one.
Petrochemicals are chemical products derived from crude oil and are used in the manufacturing of detergents, fibres (polyester, nylon, acrylic etc.), polythene and other man-made plastics
Ghana, once considered a model economy in West Africa, is currently facing its worst economic crisis in decades. The country is grappling with high inflation and a depreciating currency, leading to difficulties for its citizens.
Africa provides companies with the potential for low-cost, low-carbon oil and gas in largely unexplored areas. But governments across the region hope to be more closely involved in operations, ensuring that they get a significant proportion of the revenues to bolster their economies. One such country is Ghana, which expects an oil boom over the next decade and beyond
Africa provides companies with the potential for low-cost, low-carbon oil and gas in largely unexplored areas. But governments across the region hope to be more closely involved in operations, ensuring that they get a significant proportion of the revenues to bolster their economies. One such country is Ghana, which expects an oil boom over the next decade and beyond.
Tiny South American country Guyana, which has a population of less than one million, recently emerged as the world’s hottest offshore frontier drilling location.