As Qatar sets higher ambitions for its gas output, Iranian officials scramble to justify their under-performance in developing the South Pars field, resorting to statistical maneuvers to deflect criticism.
Geopolitics and supply chain dynamics will dictate the oil and gas outlook in 2024.
Earlier this month, French TotalEnergies said that it would buy a 33% stake in an exploration block offshore South Africa.
The Orange Basin has recently become something of a hot spot rivaling Guyana.
The largest discovery so far was made by TotalEnergies in the Venus field offshore Namibia, with estimated reserves of 3 billion barrels.
The Independent Petroleum Producers Group (IPPG) wholeheartedly endorses the recent Executive Orders signed by President Bola Ahmed Tinubu, aimed at revitalising investment in Nigeria’s oil and gas sector and positioning the nation as Africa’s premier investment destination within the energy sector.
Liberty Petroleum, has gained entry into one of Africa’s last undrilled frontier offshore petroleum zones by signing three production sharing agreements (PSAs)
Perenco UK, a subsidiary of Perenco Group, has brought on stream a near-field discovery within the Ravenspurn South area of the Southern North Sea, boosting its gas production on the UK Continental Shelf (UKCS).
The evaluation of a field development plan (FDP) submitted by Tullow Oil for the Turkana oil fields has been extended to June.
TotalEnergies SE has signed a deal to acquire operatorship of Block 3B/4B, a license adjacent to its operated DWOB block on the South African side of the Orange Basin
Bangladesh on Sunday announced an international bid round for the exploration of oil and natural gas in 24 blocks in the Bay of Bengal under a new Production Sharing Contract (PSC) to enhance energy production.
As major discovery comes to light
Italy’s oil and gas giant Eni, has made a new significant hydrocarbon discovery in block CI-205 off the coast of Côte d’Ivoire, West Africa.