Government has signed three memoranda of understanding covering key terms for prospective petroleum blocks as part of efforts to attract new investment and expand exploration in Ghana’s sedimentary basins. President John Dramani Mahama announced this at the 2026 Local Content Conference and Exhibition organised by the Petroleum Commission in Takoradi on Tuesday. He said government […]
The Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has announced that Ghana is expected to sign at least six new petroleum agreements with international oil companies by the first quarter of 2027. This forms part of efforts to attract fresh investment and reverse the decline in the country’s oil production. He said […]
Hornbeck Offshore Services, Inc. a premier integrated offshore services company, today announced that it has entered into multiple agreements with Shell Offshore Inc. (“Shell”) to provide services in the U.S. Gulf of America. Under these agreements, Hornbeck will provide a comprehensive range of integrated deepwater services including riser based well intervention, riserless well intervention stimulation […]
The Public Interest and Accountability Committee (PIAC) says it has noted the efforts made by the government to attract investors, including the recent Memorandum of Understanding (MoU) with Shell and Chevron. However, PIAC reiterates its call on the government, through the Petroleum Commission, to develop a framework to improve investment in existing producing fields, particularly […]
Shell and Chevron have signed a memorandum of understanding to explore opportunities in Ghana’s Eastern Keta Basin, Ghana Investment Promotion Authority (GIPA) CEO Simon Madjie has said. Brazil’s Petrobras has also expressed interest in the country’s oil acreage and blocks, adding to activity in the petroleum sector. Speaking on Joy News’ PM Express Business Edition […]
Shell has signed an agreement to acquire a 30% interest in Equinor’s Bay du Nord offshore oil project in Newfoundland and Labrador, Canada, as the companies advance the estimated C$14 billion development toward a final investment decision in early 2027. Under the agreement, Equinor will retain a 70% interest and remain operator of the deepwater […]
Chevron, Shell and BP are evacuating workers from all its platforms in the Gulf of Mexico
Shell (SHEL.L) and its partners on Tuesday gave the green light to a LNG Canada Phase 2 expansion in Kitimat, British Columbia, a C$33 billion bet that will double the facility’s production capacity to 28 million tonnes per annum (mtpa) and put Canada on a trajectory to become one of the world’s largest LNG exporters.
Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) has signed a series of offshore exploration agreements with Shell, Chevron, TotalEnergies and other international operators covering deepwater blocks across the Kwanza and Congo basins. ANPG signed risk-service contracts for deepwater Blocks 19, 34 and 35 with Shell, Equinor and Sonangol E&P. The agreements establish terms […]
Oil majors Shell (SHEL.L), opens new tab and Chevron (CVX.N), opens new tab have signed a non-binding agreement for the acquisition of production rights over Ghana’s South Deepwater Tano Cape Three Points oil and gas block, Ghana’s energy minister said. The memorandum of understanding with Ghana National Petroleum Corporation, signed on Tuesday, comes as the […]