Shell Plc plans to explore an offshore South African oil block located across the maritime border with Namibia, where a number of discoveries have been made.
Deloitte Ghana and Petroleum Commission have jointly held a webinar on ‘Understanding the Local Content Regime in the Upstream Oil and Gas Sector Ghana’.
The Public Interest and Accountability Committee (PIAC) 2023 report sheds light on the persistent issue of gas flaring in Ghana’s oil and gas industry. Despite efforts to reduce flaring, the report reveals that Ghana continues to waste significant amounts of associated gas, posing environmental and economic concerns.
The Attorney General of Ghana is trying desperately to spin serious embarrassment to the Republic of Ghana in an international tribunal using all the tools in his propaganda toolkit.
The International Arbitration Tribunal in the Eni & Vitol versus Ghana & Ghana National Petroleum Corporation (GNPC) arbitration has issued its final award. Positively for Ghana, the tribunal denied claimants their monetary damages. The claimants initially claimed 7 billion dollars, but they subsequently reviewed it to $915 million plus interest by the end of the proceedings.
Shell plc (NYSE:SHEL) expects a $2 billion impairment in the second quarter of 2024 after pausing its Rotterdam biofuels facility and divesting its Singapore refinery. Rotterdam’s construction halt leads to a $600 million to $1 billion non-cash charge, while Singapore sees $600 million to $800 million in charges.
Devon Energy Corp. agreed to acquire the Williston basin business of Grayson Mill Energy for $5 billion, the latest deal in the U.S. oil and gas industry.
Eni announced Monday a new discovery on the Yopaat-1 EXP exploration well in Block 9, approximately 63 kilometers off the coast in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. The preliminary estimates indicate a discovered potential of around 300-400 million barrels equivalents (Mboe) of oil and associated gas in place.
ExxonMobil expects its upstream earnings to be up to $700 million higher for the second quarter compared to the first quarter of the year, due to higher liquids prices, the U.S. supermajor said on Monday in a preview of its Q2 results.
Minister of Petroleum and Mineral Resources Karim Badawi has met with a high-level delegation of officials from the Italian company Eni, the largest investor in the energy sector in Egypt. Eni’s delegation included Guido Brusco, Eni’s Chief Operating Officer-Natural Resources; Martina Opizzi, Eni’s Head of the North Africa and Levant region; Luca Vignati, Eni’s Director of Upstream; and several company officials.