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Africa’s Oil and Gas Investment to Hit $43 Billion in 2025

OilPrice

Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report.

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Africa’s oil and gas investment to hit $43 billion in 2025

Oil & Gas 360º

(Oil Price) –Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report. Going forward, West and North Africa are expected to lead the spending spree through 2030.

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‘The limits of feasibility’ – can the UK achieve clean power by 2030?

Energy Voice

A clean power system by 2030 will require key elements of the UKs energy system to deliver simultaneously at the limits of what is feasible, according to the UKs National System Operator (NESO). The post ‘The limits of feasibility’ can the UK achieve clean power by 2030? appeared first on Energy Voice.

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Aramco's Flagship Jafurah Gas Project is Not A Gamechanger for Saudi Arabia

OilPrice

Operations at Saudi Arabias Jafurah shale gas field the countrys largest unconventional non-oil associated gas site and arguably one of the biggest outside the U.S. will begin this year, according to a comment last week from Saudi Aramcos president and chief executive officer, Amin Nasser.

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BP looks to hire two more directors under oil-focused strategy

Oil & Gas 360º

(Oil Price) –BP is looking to raise the number of its board members and hire two more directors as part of its strategy to boost oil and gas production and shareholder returns, the Financial Times reported on Tuesday, citing sources familiar with the plans. Production is also expected to grow, to 2.32.5

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TotalEnergies and RWE Agree One of the World’s Biggest Green Hydrogen Deals

OilPrice

Germanys biggest utility RWE will supply green hydrogen to Frances oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. RWE to supply around 30,000 metric tons of green hydrogen annually to TotalEnergies from 2030 to 2044, the German utility giant said on Wednesday.

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UK Drafts Post-2030 Oil Tax Plan to Replace Windfall Duties

Rigzone

The UK government is drafting a new tax regime for oil and gas companies to replace a controversial windfall levy after 2030.

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