Global oil giant BP has backed out of its majority share in a $55 billion green energy hub in Western Australia’s Pilbara region, dealing Australia’s clean energy transition another major blow. The Australia Renewable Energy Hub (AREH), 1,860 kilometres north-east of Perth, is tipped to deliver 26 gigawatts of solar and wind power by 2029,...
Category: Oil and Gas
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GNPC Engages UCC Students, Urges Shift from Certificates to Competence at Career Fair
The Ghana National Petroleum Corporation (GNPC) has reaffirmed its dedication to nurturing Ghana’s future workforce by taking part in the 2025 Career and Skills Fair hosted at the University of Cape Coast (UCC). The event, organised by TEDxUniversityofCapeCoast in collaboration with UCC, was themed “Skills and Experience: Your Valuable Asset” and served as a vibrant...
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Hardship hits marketers as P’Harcourt refinery shutdown lingers.
Port Harcourt refinery bulk petroleum retailers have called on President Bola Tinubu to urgently release funds needed for the completion of repair works at the old Port Harcourt refinery, which has remained shut beyond its scheduled reopening date. Dealers decried the economic hardship they currently face as a result of the prolonged shutdown of the...
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Rockway Oilfields Services Earns Triple ISO Certification, Underscoring Commitment to Quality, Safety, and Sustainability
Rockway Oilfields Services Ghana Limited, a wholly indigenous Ghanaian company, has achieved a major milestone with the official award of three internationally recognized ISO certifications — ISO 9001:2015 (Quality Management), ISO 45001:2018 (Occupational Health & Safety), and ISO 14001:2015 (Environmental Management). The certifications were issued by the UK-based Accreditation Service for Certifying Bodies (ASCB) Worldwide,...
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Does the Oil and Gas Industry Need $18 Trillion for Investment to Keep Prices Down?
In the ever-evolving landscape of global energy, few questions spark as much debate as the future of oil and gas demand. With OPEC projecting a staggering $18.2 trillion in new investments needed by 2050 to ensure sufficient supply, the industry finds itself at a crossroads. This figure, outlined in OPEC’s 2025 World Oil Outlook, aims...
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Tenaris secures key contracts for Suriname’s first offshore oil project
TotalEnergies has awarded Tenaris a contract to supply casing, tubing, and Rig Direct® services for the GranMorgu project, Suriname’s first major offshore oil development. Tenaris said it will supply around 47,000 tons of casing and tubing featuring TenarisHydril Blue® and Wedge™ Series connections. The supply includes 13 Chrome steel grades and Dopeless® technology, which enhances...
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New Board Inaugurated to Revive Tema Oil Refinery
In a renewed push to revamp Ghana’s premier oil refinery, the Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, has inaugurated a reconstituted Board of Directors for the Tema Oil Refinery (TOR), acting on behalf of President John Dramani Mahama. The inauguration signals a strategic move by the government to breathe new life...
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Key facts about Chevron, the latest oil heavy weight in Guyana’s Stabroek Block.
Chevron was founded in 1879 as the Pacific Coast Oil Company in California.Chevron Corporation has officially stepped into Guyana’s energy landscape through its recent acquisition of Hess Corporation, one of the original stakeholders in the Stabroek Block. This is Chevron’s formal entry into one of the world’s fastest-growing oil frontiers. The company, founded in 1879...
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Dangote Refinery Set to Overtake World’s Sixth Largest Refinery After Expansion to 700,000 Bpd
Dangote Refinery Set to Overtake World’s Sixth Largest Refinery After Expansion to 700,000 Bpd The $20 billion Dangote Petroleum Refinery in Lagos, Africa’s largest single-train oil refinery, is undergoing a strategic upgrade to expand its production capacity from 650,000 barrels per day (bpd) to 700,000 bpd by the end of 2025. This development marks a...
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Chevron closes Hess acquisition after winning Exxon legal battle
HOUSTON, July 18 (Reuters) – Chevron (CVX.N), opens new tab closed its $55 billion acquisition of Hess (HES.N), opens new tab on Friday after winning a landmark legal battle against larger rival Exxon Mobil (XOM.N), opens new tab to gain access to the largest oil discovery in decades.Chevron CEO Mike Wirth’s strategy to turn around...