31 July 2024
31 July 2024
The state-owned company generated revenue from operations of $25.79bn (Rs2.16trn) in the first quarter (Q1) of 2024, a decrease from $26.4bn during the same period last year.
The presidential candidates for the world's largest fossil fuel producer have starkly different climate policies.
The state-owned company is aiming to grow its oil production capacity to five million barrels per day (mbbl/d) by 2027.
The African Petroleum Producers Organisation wants oil-producing members to come up with the subscription fees to help establish the private sector funder.
The minority stake is being sold in the NGTL system and Foothills assets, which span 25,000km in western Canada.
Eco’s operations are focused on the offshore Atlantic Margins in South Africa, Namibia and Guyana.
The field, wholly owned by bp, is estimated to hold approximately 275 million barrels of oil equivalent (mboe) recoverable resources.
The acquisition will give Viaro full ownership of 11 offshore assets and one exploration field.
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