The Energy Department announced the end of replenishing the nation’s strategic oil reserves on Friday, which were depleted by nearly half under President Biden, and used the opportunity to praise the administration for the work it has done to maintain and replenish the stockpile.
“Oil, gas, wind, sun, gold, silver, copper, all…are natural resources and countries should not be blamed for having them, and should not be blamed for bringing these resources to the market, because the market needs them.”
Springfield is upbeat, the appraisal outcome will boost Ghana’s oil output and make it the first Ghanaian-owned oil company to drill in Ghana’s deep-water territory.
“Intermittent production is not unusual for the early stages of a project of this nature as commissioning issues continue to be addressed,” said Jadestone.
Offshore Frontier Solutions (OFS), a Modec group company in Singapore, has partnered with Toyo Engineering to establish a global capability centre in Bengaluru, India.
Overseas, CNOOC Ltd.’s production in the first three quarters of 2024 increased 12.2 percent year-over-year to 172.9 MMboe, driven by the Payara oilfield in Guyana’s Stabroek block.
A judicial review brought jointly by the environment groups Greenpeace and Uplift is due to be heard at the Court of Session in Edinburgh.
Melissa Troutman, climate and energy advocate for WildEarth Guardians, told the Journal via email the oil and gas industry is misleading the public “by claiming they already disclose all their chemicals.”
Shell has said before it was investing some “10 to 15 billion dollars between 2023-25 in low-carbon energy solutions,” representing 23 percent of its total capital expenditure.
During court hearings in April 2024 in The Hague, Shell’s lawyer Daan Lunsingh Scheurleer said that the case had “no legal basis” and “obstructs the role that Shell can and wants to play in the energy transition.