The Federal Government, on Tuesday, said about $5bn worth of investments are expected in Nigeria from oil and gas companies this year.
Tullow has affirmed its commitment to Ghana’s socio-economic growth through its operations in the country.
With crude oil production showing no sign of significant improvement in the country, the Federal Government has expressed concerns over the capacity of the industry to meet its domestic crude obligations to local refineries, insisting that supply to local refineries remain a priority.
Al Ghais highlighted OPEC’s role in addressing global issues like climate change, energy transition
Kazakhstan’s GDP is expected to grow at a moderate pace in the next two years, driven by oil and consumer spending.
Inflation is likely to remain above target in the short term, but is projected to decline over time.
The World Bank recommends reforms to improve the effectiveness of monetary policy and reduce the budget deficit.
U.S. domestic producers continue to be optimistic about the long-term prospects of gas as a fuel.
This month, the spot natural gas prices at the Waha hub in West Texas, in the Permian, have been negative, sinking to as low as -$1.16 per million British thermal units.
U.S. natural gas producers and pipeline operators acknowledge there is an oversupply hanging over the market, but they believe that gas will continue to be in demand domestically and internationally for decades to come.
India’s inflation and economic growth are at risk from the rise in oil prices caused by disruptions in the Red Sea, the government said, highlighting the need to diversify trade routes.
The U.S. oil and gas industry directly employed 2.04 million workers in 2023.
Chevron hosted a roundtable discussion with engineers on Monday at Legacy High School. The discussion, which was open to all students, was aimed at highlighting women working in the oil and gas industry.
-Exxon Mobil Corp XOM.N on Tuesday gave a dire warning about the outlook of Australia’s domestic gas supply, joining other gas producers in calling for policy stability and more investment in the sector.