Oil prices slumped by another 3% early on Wednesday, extending the 4% losses from Tuesday after manufacturing data from China disappointed and the U.S. dollar strengthened.
Commissioning Africa’s largest refinery was supposed to have been one of the first ribbon cuttings of Muhammadu Buhari’s presidency. Instead, it was his last.
PERTH, June 1, 2023 – Woodside Energy has completed the awards for decommissioning of subsea structures at its oil and gas fields offshore Western Australia, the Australian independent announced on Wednesday.
As the primary driver of its economy, the local content regime for the oil and gas sector in Angola is heavily dependent on a robust and efficient financial sector.
The Minority in Parliament has called on the government to transfer the shares held by Jubilee Oil Holding Limited (JOHL) to the Ghana National Petroleum Commission (GNPC) to assure citizens that appropriate oversight of the country’s petroleum resources is being exercised by Parliament and other stakeholders.
Cairn Oil & Gas, a subsidiary of Vedanta Resources owned by billionaire Anil Agarwal, has announced that its reserves and resources portfolio in India has surpassed 1 billion barrels of oil equivalent (boe), media reports suggested.
Shell has awarded Worley an enterprise framework agreement (EFA) to support Shell’s projects worldwide.
With more than 35 oil discoveries since 2015 the impoverished South American microstate of Guyana has emerged as the world’s hottest frontier drilling location.
As the green energy push gathers speed, propelling the shift to renewable energy sources forward, this raises concerns about oil and gas projects being in danger of turning into stranded assets while the world hurtles towards net-zero.
With a significant level of investment in renewable energy globally, it’s about time that oil stepped aside to let sustainability take shape worldwide