The 2023 Annual Report of the Public Interest and Accountability Committee (PIAC) Report on the use and management of oil revenues launched in Accra yesterday states that Ghana’s share of petroleum revenues for 2023 declined by a 25.65 per cent due to decrease in oil production for the fourth conservative year and lower global prices.
Australia’s federal resources minister Madeleine King acknowledges the political situation in the nation’s upper house of parliament the Senate prevents any deal to clarify consultation requirements for the nation’s offshore oil, gas, carbon capture and storage (CCS) and renewables sectors.
Oil prices fell in early Asian trade on Tuesday, with investors anticipating higher-for-longer U.S. inflation and interest rates will depress consumer and industrial demand.
President Vladimir Putin said on Monday that Russian gas output rose by 8% in the first four months of the year to 246.4 bcm.
Canada’s Trans Mountain pipeline expansion is now operational, boosting oil transportation capacity and enabling record-breaking oil production.
Canada’s LNG Canada liquified natural gas export facility nears completion, targeting global markets and reducing exports to the United States.
Canada’s energy industry expansion aims to gain strategic economic ground on a global scale, while maintaining close trade relations with the United States.
A new study reveals that without urgent political alignment, the UK’s offshore energy industry faces a bleak future, with less than 0.3% of scenarios providing a “just and fair” transition by 2030
alks to restart oil exports from Kurdistan are on hold due to a disagreement over oil contracts.
Oil companies operating in Kurdistan refuse to amend their contracts with the region.
Iraq blames oil companies for the impasse, while Kurdistan previously blamed Baghdad.
According to the African Energy Chamber, Halliburton is inviting eligible local companies to submit an Expression of Interest (EOI) for the supply of goods and services across the oil and gas industry. With various categories available, the EOI aims to assess local interests and capabilities, connecting players to oil and gas projects. Following submissions, a competitive bidding process will lead to the selection of preferred and alternative suppliers.
In a bid to create more awareness on the 2024 Nigeria Petroleum Licensing Round and resumption of 2022/2023 Mini Bid Round, the Nigerian Upstream Petroleum Regulatory Commission has placed an advert in The New York Times to market the new old blocks for foreign investors.
Oslo-listed oil and gas E&P player BW Energy has struck oil at a pilot appraisal well located on a field in the Dussafu license off the coast of Gabon. The drilling activities were carried out with a jack-up rig owned by Borr Drilling, an offshore drilling contractor.