Exploration and production of crude oil and natural gas has existed for over a century and remains central in today’s energy and feedstock mix. As demand for transportation fuels, petrochemicals, and energy continues to increase, so does the need for efficient and sustainable offshore and onshore oil and gas production.
Benchmark Energy II, which is majority owned by Acacia Research, has agreed to acquire certain upstream assets and related facilities in Texas and Oklahoma, US, from an undisclosed private seller.
Crude oil futures were higher in midmorning Asian trade Feb. 21 amid mounting geopolitical tensions, with investors eyeing the release of the US Federal Reserve’s latest monetary policy minutes later in the global day.
Energy Minister, Dr. Matthew Opoku Prempeh is in Trinidad and Tobago with officials of the upstream petroleum regulator, Petroleum Commission (PC), Bulk Energy Storage and Transportation Company (BEST) and GOIL PLC to gain insights into best practices, explore advanced technologies and identify potential partnerships.
In recent news from Africa, particularly Nigeria, the spotlight once again falls on Nigerian President Bola Tinubu, who finds himself embroiled in allegations of nepotism and controversy. The latest uproar stems from Tinubu’s recent shake-up within Nigeria’s Federal Housing Authority, raising questions about his choices and their qualifications.
PBF Energy Inc. released fourth quarter financial results on Feb. 15, reporting that the company’s St. Bernard Renewables (SBR) facility produced approximately 12,000 barrels per day of renewable diesel during the three-month period, down from 17,000 barrels per day during the third quarter. The company noted that production during the fourth quarter was impacted by a renewable diesel unit catalyst change.
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.