Mergers in the U.S. shale patch have continued through the course of 2023 as companies jockey for assets that will fill in gaps in their acreage base. Two key basins have been the focus of much of this activity. I refer to the Permian Basin and the Eagle Ford, each of which has attributes that draw the interested eyes of companies with strong balance sheets and cash to spend.
Investors are returning to oil and gas, drawn in by strict capital discipline and improving bottom lines.
To chart Nigeria’s path towards net zero energy by 2060, the Nigeria Energy Transition Plan was launched in August 2022.
Maggy Shino, the Petroleum Commissioner of Namibia’s Ministry of Mines and Energy, provided a comprehensive update on the nation’s oil and gas sector during a workshop session at African Energy Week (AEW) 2023 organized by the African Energy Chamber
Malaysia-based Yinson Production Pte Ltd (YP) and Azule Energy are piloting an offshore carbon capture and storage (CCS) plant on floating, production, storage, and offloading (FPSO) Agogo in Angola.
Marathon Oil Corp. (MRO) said that through its wholly-owned subsidiaries it has reached a five-year firm LNG sales agreement with Glencore Energy UK Ltd, a subsidiary of Glencore Plc (GLEN), for a portion of its equity natural gas produced from the Alba Field (Alba Unit, MRO 64% working interest) in Equatorial Guinea, effective January 1, 2024.
Cape Town: Former President Olusegun Obasanjo, yesterday, urged the developed economies to work towards making energy transition process just and fair to Nigeria and other African countries.
Cape Town: Former President Olusegun Obasanjo, yesterday, urged the developed economies to work towards making energy transition process just and fair to Nigeria and other African countries.
The Bipartisan Infrastructure Law allocated $4.7 billion for plugging abandoned oil and gas wells, but new standards, a workforce shortage and less visible leaks may mean that the money will only make a small dent in fixing the problem.
A Delta State High Court sitting at Orerokpe in Okpe Local Government Area of the state has dismissed a motion seeking to join the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as a defendant in a suit challenging the authority of Opeans Nigeria Limited to issue American Petroleum Institute (API) and Veriforce BOSIET certificates.