3D Energi Ltd said Tuesday new institutional investors and existing shareholders have committed to participating in a share issuance to raise AUD 14.5 million ($9.61 million) for its drilling campaign offshore Victoria. The Eastern Australia-focused exploration company plans to issue nearly 104 million shares at AUD 0.14 per share, it said in a stock filing. […]
Sharjah National Oil Corporation (SNOC) has signed an agreement with SAP to adopt RISE with SAP, marking a major milestone in its corporate drive toward advanced modernization within the energy sector. The initiative supports Sharjah’s long-term strategy to enhance operational excellence and sustainability under the leadership of H.H. Sheikh Sultan bin Ahmad Al Qasimi, Deputy Ruler of Sharjah and President of SNOC.
Canada has announced rules that have been promised for years to reduce methane emissions in the country’s oil & gas sector.
Oil and gas consumption increased in Ireland last year amid the country’s sluggish switch from fossil fuels to clean energy.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw yet another large draw, this time of 9.3 million barrels in the week ending December 12. Crude oil inventories shrank by 4.8 million barrels in the week prior.
Nigeria’s richest man Aliko Dangote escalated his fight with regulators on Sunday, accusing them of enabling cheap fuel imports that threaten local refineries.
Nigeria is Africa’s biggest oil producer, but relies heavily on imports, and Dangote’s refinery was meant to change that.
Cybele Energy, a Ghana-based independent oil and gas company, has announced plans to immediately begin exploration activities on its shallow-water offshore Block S7 in Guyana, days after signing a production-sharing agreement (PSA) with the South American country’s government.
Technical Advisor at the Ministry of Energy and Green Transition, Dr Yusif Sulemana has reiterated government’s commitment to maintaining oil and gas as a central pillar of Ghana’s economic and industrial development, even as the country advances its green transition agenda.
Somaliland President Abdirahman Mohamed Abdullahi “Irro” has said the region expects oil and mineral exploration to officially begin by 2027.
Egypt plans to drill 480 exploratory wells with total investments estimated at $5.7bn over the next five years, Minister of Petroleum and Mineral Resources Karim Badawi said on Monday, as the country seeks to reverse a decline in natural gas output.