Despite escalating geopolitical risks, concerns over global demand have offset any price support, which, in turn, has affected the Zacks Oil and Gas – Exploration and Production – United States industry.
CALGARY – The industry group representing Canada’s oil and gas producers says capital investment in the sector will edge slightly higher in 2024.
About 1,068 oil and gas projects approved between 2022 and 2023 that are currently ongoing across the country are to attract a total of $22.8bn, the Federal Government announced on Wednesday.
The Nigeria Upstream Petroleum Regulatory Commission has said that about 1,068 oil and gas projects approved between 2022 and 2023 that are currently ongoing across the country are to attract a total of $22.8bn.
Canada’s Africa Oil Corp now says its earlier announced plans to pull out of Kenya’s Turkana oil project have hit fresh headwinds following delayed State approvals.
Oil and gas engineer Hunting has ridden the wave of continued oil and gas drive from supermajors to a near 30 per cent revenue uplift.
Nigeria has received 60% of the African Export and Import Bank’s (Afreximbank) N30 billion investment in Africa’s oil and gas sector.
Denison Gas Ltd. has started a five-well drilling program to support production and reserves growth across its Denison North and South Project areas.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it projects to attract about $17.64 billion investment inflow from 51 field development plan which it approved in 2022 and 2023.
Oil prices on Thursday fell after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated added to pressure.