Ithaca Energy has been given a four-week exclusivity period by Italy’s Eni to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.
Two environmentalist groups have challenged in court French oil major TotalEnergies’ plans to drill five wells offshore South Africa.
TotalEnergies acquired a 33% stake in an exploration block offshore South Africa earlier in March.
Despite the apparent risks, TotalEnergies and QatarEnergy are moving ahead with their exploration effort off the South-African coast.
The Federal Government, on Tuesday, said about $5bn worth of investments are expected in Nigeria from oil and gas companies this year.
Tullow has affirmed its commitment to Ghana’s socio-economic growth through its operations in the country.
With crude oil production showing no sign of significant improvement in the country, the Federal Government has expressed concerns over the capacity of the industry to meet its domestic crude obligations to local refineries, insisting that supply to local refineries remain a priority.
Iraq-Turkey pipeline shut since March 2023
Baghdad: around 225,000 bpd being produced without its oversight
APIKUR says terms of current contracts must be maintained
US encourages restart, State Dept. spokesperson says
Al Ghais highlighted OPEC’s role in addressing global issues like climate change, energy transition
The U.S. oil and gas industry directly employed 2.04 million workers in 2023.
Offshore wind could add nearly $50 billion to gross domestic product (GDP) and create 10,000 jobs, says a new study.
Part of the exorbitant cost of offshore wind energy is the massive crane ships required to install the damn things – but Norwegian company Windspider has come up with a brilliantly lightweight crane system that promises to slash costs in half.