oil and gas industry news

Timor’s National Hydrocarbon Energy, the ANPM, and the London-based, leading Government Marketing Agency, IN-VR, have announced the renewal of their Partnership for the promotion of the 2nd Licensing Round of the country. This…

The combination of disruptive Covid-19 epidemic demand and oversupply has created an unprecedented crisis for the global oil and gas industry. The oil and gas industry is experiencing its third price collapse in a span of 12 years. …

The Corporate Human Rights Benchmark (CHRB) has ranked ENI tops among the 199 companies assessed for leadership, the design and implementation of an effective approach to human rights. CHRB is an internationally recognized benchmark…

Oil producers in Arab Gulf are reportedly losing billions of U.S. dollars from oil revenues this year due to the impact of the Covid-19 pandemic that crippled global oil demand and oil prices. Oilprice.com reported last weekend that as…

Kenya has slashed the prices of super petrol, diesel and kerosene by Sh1.42, Sh2.21 and Sh2.10 per litre respectively, with immediate effect. The Energy and Petroleum Regulatory Authority for Residents, said Nairobi residents will…

The future of the global oil and gas industry has been a subject of great fascination and debate for decades. Since COVID-19 surfaced, there has been even more conjecture on this topic and, in particular, the most likely timing for “peak…

To enable Egypt run its “Autogas” program, of which the objective is to run the Egyptian car fleet on gas, the Agence Ecofin said the country has plans to build 400 gas service stations all over the country. The facilities will rise from…

The organisers of Offshore Technology Conference (OTC) said that it has moved the 2021 edition of the largest oil and gas sector trade show in the world to 16-19 August, 2021. The OTC Board of Directors said that it chose to postpone…

The African Energy Chamber has launched its second annual Top 25 Movers and Shakers list. Forming part of its Africa Energy Outlook 2021 report.  The list profiles key individuals who are expected to impact the oil and gas industry in…

The Gas Exporting Countries Forum (GECF) has said that the full promise of natural gas will unfold once the world is past the coronavirus pandemic. The energy ministers of the leading gas exporting countries made this known during the…

A massive oil well fire that has raged for more than five months in northeast India has finally been extinguished, officials said Sunday. Oil India engineers had battled the blaze in Assam state since an explosion in June, weeks after…

The African Energy Chamber (AEC) has officially launched the second edition of its African Energy Outlook 2021, which details all of the major challenges facing African oil and gas stakeholders, as well as workable solutions that will…

As the global energy transition and decarbonization drive put pressure on oil demand and as shale has unlocked abundant resources, the African Energy Chamber has warned that African petroleum producers must adapt or risk being…

Key members of OPEC have expressed regret over President Donald Trump’s loss at the recent presidential polls in the US, saying the cartel will miss Trump who went from criticizing the group to helping bring about a record oil output cut. …

Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the NNPC/CNL JV), has announced the appointment of Mr. Richard (Rick) Kennedy to the position of Chairman and…

Representing the lifeblood of global economy, two of the world’s foremost energy organisations OPEC and the Gas Exporting Countries Forum (GECF) recently held their first high-level meeting, highlighting the growing cooperation between the…

Cameroon has announced plans to build a new refinery with an annual capacity of 5 million tonnes of hydrocarbons, being part of its 10-year development strategic plan (2020-2030). The sub-regional infrastructure should be built in Kribi,…

      …Believes oil and gas industry is aligning with renewable energyThe Chief Executive Officer of Africa Oil, Keith Hill, has said that the company is eyeing ‘money-making’ geothermal and wind projects in Kenya as the management…

      …Says oil demand to peak in 2028Norwegian energy intelligence firm, Rystad Energy, has been forced by developments in the Covid-19 pandemic experience, especially the acceleration of the energy transition, to significantly revise its…

Civil Society Organisations (CSOs) working to preserve the environment in Africa have written to the President, African Development Bank (AfDB), Mr Akinwunmi Adesina, asking for a complete stop of the funding for polluting energies. The…