PITTSBURGH — Diversified Energy Company, the largest owner of oil and gas wells in the country, might abandon up to 70,000 oil and gas wells throughout Appalachia without plugging them, according to a new report.
With over 125 billion barrels of crude oil reserves and 620 trillion cubic feet of natural gas – estimates that are expected to further increase as multi-year exploration campaigns yield new discoveries – Africa is well-positioned to usher in long-term and sustainable economic growth on the back of hydrocarbon development.
The government of Uganda has approved construction of a crude pipeline project worth US $3.5bn. The country’s cabinet approved the application to construct the pipeline by the East African Crude Oil Pipeline Company Ltd (EACOP).
The Chamber of Petroleum Consumers, Ghana (COPEC) says the price of petroleum products may see a decline if the oil secured by government is distributed this week.
Over the past three years, the majority of U.S. energy companies have avoided spending big to expand production in the aftermath of the 2020 oil crisis, prioritising returning more cash to shareholders in the form of dividends and share buybacks.
The National Energy Crisis Committee (NECOM) has today, 21 January 2023, released a six-month progress update on implementation of the Energy Action Plan.
According to Robert Säverin, spokesman for the Federal Ministry of Economic Affairs and Climate Action, Germany sees significant potential in cooperation with Kazakhstan in the area of green energy, Azernews reports.
Ghana, like many other countries around the globe, is currently facing significant
energy price hikes caused by the ongoing war between Russia and Ukraine
coupled with monetary policy issues.
ALL Grace Energy Limited (AGEL), an indigenous oil company operating (OML17) in Rivers, has reaffirmed commitment to the development of its host community in compliance with the Petroleum Industry Act (PIA).
JoyNews can confirm that the Bulk Oil Storage and Transportation Company (BOST) has today, Thursday, January 19 started selling petroleum products procured under the gold for oil barter arrangement.