Most oil-producing African nations are situated in the continent’s Western, Northern, and Central regions, the Southern and Eastern parts, hence scarcely boast of this precious resource. Save Angola, there is no Southern African nation that produces a significant quota of oil to contribute to the global market. However, the discoveries made in recent years, could ensure that a paradigm shift is would ensue with countries like Namibia taking center stage.
The Chinese oil company, Wing Wah, operates the Banga Kayo conventional oil field, which has drilled some 250 wells to date.
The Republic of Congo aims to increase its hydrocarbon production to 500,000 barrels per day (bpd).
ONGC and Indian Oil Corporation has signed a memorandum of understanding (MoU) to establish a small-scale liquefied natural gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.
The total rig count fell by 2 to 588 this week, compared to 682 rigs this same time last year.
The arbitration process to determine whether ExxonMobil can block the $53 billion sale of Hess Corp to Chevron is stalled due to the incomplete appointment of a third arbitrator, according to Reuters.
According to the Guyana Times, ExxonMobil has started appraisal drilling at its Lau-Lau 2 well site in the prolific Stabroek Block offshore Guyana, where it had previously discovered over 300 ft of oil at the Lau-Lau 1 well. The Maritime Administration Department announced that this appraisal, conducted by the drillship MODU Noble Sam Croft, will run from June 16 to July 31, 2024.
Virtually all West African countries, from Mauritania, Cote D’Ivoire, Sierra Leone, Liberia, to Ghana and others, all in the Gulf of Guinea axis, have developed oil and gas explorations. By 2027, all these countries will increase three fold their oil outputs.
TotalEnergies, operator of OML 58 onshore license in Nigeria with a 40% interest, together with the Nigerian National Petroleum Corporation Ltd (NNPCL, 60%), have taken the Final Investment Decision (FID) for the development of the Ubeta gas field.
Dangote Industries Limited (DIL) has accused the International Oil Companies (IOCs) operating in Nigeria of actively hindering the Dangote Oil Refinery’s operations.
Stakeholders in the Keta-Vodza coastal community groups have called for a comprehensive environmental impact assessment for the Keta Delta Oil Block and other energy projects.
The assessment should include cumulative impacts on biodiversity, marine ecosystems, and local livelihoods.
The stakeholders demanded that all energy projects, including the Keta Delta Oil Block, adhere to the principles of Free, Prior, and Informed Consent (FPIC) as outlined in the UN Convention.