Tag: oil and gas

Since assuming office in 2017, President Lourenço has overseen sweeping changes that have revitalized Angola’s energy sector.

He emphasized that the next two decades could mark a turning point for the industry, with fossil fuels gradually making way for clean energy alternatives. 

Ghana is positioning itself as a leading energy and logistics hub in Africa, leveraging its strategic geographic location, political stability, and emerging petroleum assets to capitalize on global energy trends. ...

Taiwanese President Lai Ching-te emphasized the importance of these energy purchases in bolstering Taiwan’s energy

In a high-level meeting, both parties discussed a strategic roadmap to ensure the long-term viability of the field, which remains central to Ghana’s crude oil production.

“These sanctions would be imposed if Russia refuses to engage in good-faith negotiations for a lasting peace with Ukraine or initiates another effort..."

The discussions focused on GNPC’s adherence to governance principles, its sustainability plans beyond 2026, and the ongoing management of Ghana’s petroleum resources

IPAA President and CEO Jeff Eshelman lauded the decision, describing it as a major step toward ensuring a more balanced regulatory environment

This move marks a significant step in VAALCO Energy’s expansion in West Africa, where the company has been increasing its footprint.

Looking beyond the immediate effects, the withdrawal of the Unitisation Directives introduces complex long-term challenges for both companies.