Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce that the Company repurchased a total of 1,213,100 Africa Oil common shares during the period of March 18, 2024 to March 22, 2024 under the previously announced share buyback program
In an exclusive interview with The Energy Republic, Victor Tivane, the local content director of Empresa Nacional de Hidrocarbonetos (ENH) – Mozambique’s state-owned hydrocarbon company, disclosed that the country has entered a new era for oil and gas development, creating opportunities for investors and companies with tenders for project development, research and development (R&D).
As a result of this development, Victor Tivane is set to launch a book titled: “Local Content in the Oil and Gas Sector & Mozambique Sustainable Development”, which features insights into Mozambique’s Hydrocarbon & Energy Sector; Projects; Stakeholders and Demand for Goods and Services; Ownership and Access to Hydrocarbon Reserves and Natural Resources; Gas Master Plan and Domestic Gas Terms of Reference.
Global oil prices settled lower Friday for a third day in a row as the US dollar rose to the highest level in more than a month in the wake of the move by the Fed to pencil in three possible rate cuts this year, dovish remarks from the Bank of England and the surprise rate cut from the Swiss National Bank.
SLB, the world’s largest oil services and equipment provider, last year rejected calls from human rights groups to withdraw from Russia as Western rivals exited quickly after the invasion of Ukraine.
China’s largest oil refiner Sinopec (0386) saw its net profit fall about 13 percent to 58.3 billion yuan (HK$63.87 billion) in 2023 from a year ago due to decreased energy prices, and announced a final dividend of 0.2 yuan apiece.
Oil prices rose on Monday after three days of declines, driven by tightening supplies amid escalating geopolitical tension in the Middle East and an intensifying Russia-Ukraine conflict.
The Ghana Upstream Petroleum Chamber is a non-profit upstream petroleum organisation which aims to achieve long term success of the upstream petroleum industry in Ghana.