Traders talk peak demand and an upstream shift
Demand in Europe and the US may have peaked already, the heads of three trading companies have said, but growth will be sustained by Asia.
Demand in Europe and the US may have peaked already, the heads of three trading companies have said, but growth will be sustained by Asia.
Dana Gas has signed up a $90 million corporate facility from Mashreq Bank, allowing it to redeem its sukuk when it falls due at the end of the month.
Somalia has announced the appointment of six independent directors to the board of the Somali Petroleum Authority (SPA).
Total remains committed to developing hydrocarbon resources, but the cost must be sufficiently low to survive in a world of lower prices, the company’s chairman and CEO Patrick Pouyanné has said.
Phakwe Group has become South Africa’s first majority black owned and controlled independent power producer (IPP), after buying into the Witkop solar park.
The Transnet National Port Authority (TNPA) has granted a licence to DNG Energy to begin LNG bunkering at Coega.
Mozambique expects to earn $96 billion from the production and liquefaction of its natural gas reserves and is considering a sovereign wealth fund (SWF) in order to maximise the benefits.
Angolan President João Lourenço said his predecessor had overseen the loss of $24 billion, in an interview with the Wall Street Journal.
South Africa’s subsidy support for Sasol is inefficient and fails to achieve what it sets out to do, namely protect consumers from price shocks, according to the International Institute for Sustainable Development (IISD).
Blue Ocean Seismic Services (BOSS) has won £10 million of backing from a range of companies including BP Ventures, Woodside Energy and Blue Ocean Monitoring.
The Tanzanian government has approved Aminex to proceed with the farm out of its Ruvuma interest to ARA Petroleum Tanzania.
Despite a major demand shock this year, gas plans are scaling up, according to Arab Petroleum Investments Corporation (Apicorp).
Stena Drilling has signed a new contract with Noble Energy for decommissioning work offshore Israel.
The National Oil Corp. (NOC) has lifted force majeure from the Sharara oilfield, following an agreement with the Petroleum Facilities Guard (PFG).
BP has started up the second phase of its gas operations in Oman, with the launch of the Ghazeer project.
Aveon Offshore has announced the successful completion of work on the 350 tonne topside production deck module (PDM) for the Anyala field.
ExxonMobil has signed three risk service agreements (RSAs) with Angola for work in the Namibe Basin.
A number of options have been suggested to address Africa's need for electricity, but hydropower has often been overlooked.
A tribunal in the US has awarded Nigeria $660,130 in costs linked to arbitration over a claim for licences linked to Pan Ocean Oil.
Adnoc has launched an artificial intelligence (AI) joint venture with Abu Dhabi’s Group 42.
Senior Sonatrach executives have held a meeting with Naturgy to review gas agreements.
The North Sea represents some of the best-in-class and most innovative work of the oil and gas industry. Here, significant progress in reducing gas flaring is already making a vital contribution towards delivering “net zero”, and Norway stands out as genuinely world-class.
Ghana’s Cenpower Generation has committed to switching its primary fuel consumption from light crude oil to natural gas.
Nigerian National Petroleum Corp. (NNPC) will continue swap deals to secure products until the domestic refining sector is fully functioning, in 2023.
Tullow Oil has completed its twice yearly redetermination of its reserve-based lending facility, with $1.8 billion of debt capacity approved by lenders.