Oil majors Shell and Chevron have signed a non-binding agreement for the acquisition of production rights over Ghana’s South Deepwater Tano Cape Three Points oil and gas block, Ghana’s energy minister said. • The memorandum of understanding with Ghana National Petroleum Corporation, signed on Tuesday, comes as the West African country looks to encourage investment […]
Ghana’s upstream oil and gas sector is entering a potential recovery phase after several years of declining production and investor uncertainty. The government has resolved outstanding disputes with upstream operators, extended key licences and introduced gas-pricing reforms aimed at improving project economics and strengthening domestic energy security. Against this backdrop, the Petroleum Commission has confirmed […]
Anderson Fernandes, managing director of Engigest, talks to The Energy Year about opportunities for digitalisation outside the upstream oil and gas sector and investing in collaborations and partnerships to further Angola’s engineering and industrial capabilities. Engigest is a provider of EPC, digitalisation, engineering, supply chain and IT management services. Engigest is applying in-house digital twin […]
In January-July of this year, AZN 3,708.6 million was invested in Azerbaijan’s oil and gas sector, APA-Economics reports, citing the State Statistical Committee.
“The Ministry, working closely with the Petroleum Commission and GNPC, will continue to provide the necessary oversight and support to ensure that the development of the Eban-Akoma project is conducted efficiently and in alignment with government priorities. Further technical and commercial evaluations will be undertaken to finalize a development framework that is mutually beneficial and aligned with Ghana’s long-term energy strategy,”Mr Rockson added.
The domestic oil and gas industry is looking at Budget 2023 for some relief as the upheaval in the global crude prices due to the Russia-Ukraine war led to huge losses.
The UK North Sea still has a lot to offer when it comes to oil and gas reserves yet to be produced. However, unpredictable fiscal conditions are denting the confidence of offshore energy-producing companies to invest and revitalize oil and gas exploration activity, Offshore Energies UK said in a report on Tuesday.