Amid the rising momentum toward sustainable energy, the traditional energy sector continues to offer compelling prospects for investors. Additionally, the ongoing OPEC supply cuts, coupled with geopolitical factors like the Israel-Hamas conflict, may intensify the constraints on oil supply.
An insightful panel discussion during the second day of the MSGBC Oil, Gas&Power 2023 conference and exhibition, sponsored by national industrial and mining company, the Société national industrielle et miniére, featured the participation of regional and international energy leaders and explored the role of natural gas in the global energy landscape.
The Haewene Brim FPSO will need repairs to a pair of mooring connections before it can restart operations.
The Federal Government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is looking to partner with Argentina in natural gas exploration and production.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned producers in the oil and gas industry against frustrating the government’s climate action project.
The NUPRC head of Public Affairs and Corporate Communications, Laide Shonola, disclosed this in a statement on Wednesday.
The Minister for Energy, Matthew Opoku Prempeh, has noted that the country is geared towards balancing a low-carbon economy with economic growth.
He, however, cautioned on the need to exercise caution in the path towards achieving a zero carbon emission to ensure a vibrant stable economy.
Serica Energy (LON: SQZ) has announced it will acquire a 30% non-operated interest in the North Sea’s Greater Buchan Area development from Jersey Oil and Gas (JOG).
LONDON: Oil prices tanked 4 percent on Wednesday as OPEC+ producers unexpectedly delayed a meeting on output planned for Sunday, raising questions about the future course of crude production cuts.
EU countries exceeded their target to reduce gas consumption in the period from August 2022 to March 2023.
RM Parks Inc. California-based US fuel distribution company signed an agreement with the BOI with an investment of U$ 100 million. The company will serve the Sri Lankan petroleum sector, in collaboration with Shell Plc.