oil and gas

The Iraqi government awarded exploration and development rights for five additional oil and gas fields to Chinese companies on Sunday, May 12, 2024. This brings the total number of licenses secured by Chinese firms to ten since the bidding process began the previous day. A solitary Iraqi Kurdish company, KAR Group, also secured bids for two separate fields.

Petrofac, a leading global oilfield services provider, has secured a lucrative contract worth $350 million with Equatorial Guinea’s National Oil Company. The agreement solidifies Petrofac’s position as a key player…

In the pursuit of sustainable energy solutions, green hydrogen has emerged as a promising alternative. However, as experts gathered to discuss its potential at a recent forum, it became evident…

Plans are underway to launch a new Africa Energy Bank this year, signaling a strategic focus on fossil fuel investment across the continent. The initiative comes amid growing demand for…

Tullow Oil, a UK-based oil and gas exploration company, has revealed its plans to focus more on its African assets in its annual report for 2020, which was published on…

Viaro Energy, an independent oil and gas operator in the North Sea, has announced plans to use mini nuclear reactors to reduce its carbon emissions from its offshore assets. The…

A helicopter crash off the coast of Norway has claimed the life of a nurse working for the state-owned oil company Equinor, and left five others injured. The incident occurred…

Oil and gas giants are paying out more money than ever to shareholders, but that’s not enough to restore their appeal in a world shifting to cleaner energy sources. The…

Savannah Energy PLC has postponed its acquisition of oil and gas assets in South Sudan from Petronas for the third time, as it faces challenges from the pandemic, climate change, and the war in Ukraine.

Shell, one of the world’s largest energy companies, is close to finalizing the sale of its Nigerian onshore subsidiary, SPDC, to a local consortium for $2.4 billion. The deal, which was announced in January, is subject to government approvals and other conditions, and is expected to be completed as soon as possible.