The upstream petroleum industry awarded contracts worth US$3.6billion to indigenous companies over the last three years, thereby deepening the local content policy.
Kenya’s petroleum industry is owed more today than ever, with the outstanding bill at 65 billion Kenyan shillings ($542 million), the Petroleum Outlets Association of Kenya (POAK) said in a tweet.
The Ghana Upstream Petroleum Chamber has called on the government to urgently put in strategic incentives to attract more investment in oil exploration in the country.
Declining crude oil production poses a serious threat to the economy if nothing is done to incentivise and expedite exploration, says a report by Ghana Upstream Petroleum Chamber.
While Alberta is the center of Canada’s fossil fuel industry, it is set to also become the country’s largest source of clean energy, outpacing Ontario.
West Texas Intermediate was down 0.7% near $88 a barrel, after earlier rising above $90.
Vice President Dr. Alhaji Mahamudu Bawumia is expected to deliver a keynote address at this year’s conference dubbed: ‘Energy Transition in the African Petroleum Downstream Context: Prospects, Challenges and the Way Forward
prices of petroleum products on the local market will see the biggest reduction in the next pricing window on August 15th, 2022.
Eni said that the discovery follows the initial finding in a shallower zone of the same well, aggregating to a total gas in place of 2.5 – 3.5 tcf.
Yinson Holdings has signed an exclusivity agreement with super-major BP for the reservation of an FPSO for production of the Palas