Members of the Ghana Upstream Petroleum Chamber have held a breakfast meeting with the Vice President Dr. Mahamudu Bawumia to inform him of the challenges facing the sector and discuss how the industry might collaborate with government to address them.
On Wednesday 28 February 2024, the Council of Ministers adopted a communication concerning an expression of interest by Eni Côte d’Ivoire Limited in offshore oil blocks CI-504, CI-526, CI-706 and CI-708.
To get an assessment on the oil and gas industry from the industry itself, and what the prospects are for the year 2024, the B&FT has been speaking to the Chief Executive of the Ghana Upstream Petroleum Chamber, David Ampofo.
LAGOS/LONDON, Jan 29 (Reuters) – Shell’s exit from Nigeria’s onshore oil sector highlights risks oil majors face in Africa’s biggest exporter but has raised hopes that local firms could reverse the output decline from the Niger Delta, industry officials and analysts said.
Shell – which pioneered Nigeria’s oil industry – is the most prominent Western company to exit the Delta, a region blighted by pollution, oil theft and pipeline vandalism. Those issues have for years stymied investment – and throttled production and government finances.
Mr. Egbert Faibile, the Executive Officer of the Petroleum Commission, has praised the media for their critical role in advancing gains with the country’s Local Content Law.
The U.S. would probably happily re-load its Strategic Petroleum Reserve (SPR), but it is very difficult to do so while the global oil market is running a deficit.
Shell PLC has completed the sale of Indonesia’s Masela block for $650 million, in another divestment of Southeast Asian assets that it said is part of its focus on “disciplined capital allocation”.
Libya’s parliament has called for halting oil exports to backers of Israel amid relentless airstrikes on the Gaza Strip.
Public records show Ohio regulators log hundreds of incidents each year dealing with chemical releases related to the oil and gas industry.
After another summer of devastating fires, storms, and other climate change–fueled natural disasters around the nation, the Biden administration recently released a federal offshore leasing program that will allow offshore oil and gas development in the Gulf of Mexico for decades to come.