24 June 2024
24 June 2024
The implications of the ruling will now have to be considered by companies looking to develop new energy projects.
The company plans to commence full-scale development of the unconventional gas asset post-2026.
A new report cites plastics as “the most relevant to the circular economy” among products commonly found in the oil and gas industry.
The funding aims to help measure, monitor, quantify and reduce methane emissions from the country’s oil and gas sectors.
The drilling work aims to assess a major gas discovery in the Uchuva-1 exploration well.
The production sharing contracts (PSCs) enable the companies to initiate a fresh exploration and production (E&P) campaign in these blocks, which were previously under ExxonMobil's tenure.
The Ubeta gas condensate field is expected to have plateau production capacity of 300 million cubic feet per day (mcf/d).
Taking such measures would help to shield the country from volatile prices.
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