The Western African Nation of Ghana is seeking to move into oil and gas development by asking for a loan of 1.7-billion-dollars to purchase assets and to accelerate production in the region.
Read MoreA Future for Offshore Drilling
During the last quarter of 2020, everyone can agree that economically, we have seen better days. Especially in the energy industry, spending cuts, revised budgets, and slashed investments have played an impact. However, we are starting to see hope for offshore drilling stated by Rystad Energy, a global oil and gas analytics firm. Their analysts […]
Read MoreAre We Nearing The End Of Oil & Gas Exploration?
Volatility in investing in oil and gas is nothing new, but the COVID-19 pandemic-driven demand destruction is forcing oil and gas companies to reassess the value of their biggest assets, proven reserves. Oil and gas companies have historically held faith in their reserves even during energy downturns, but this time feels different, and oil executives […]
Read MoreBrazilian Pre-salt Zones are Starting to Find Suitors
Last week, the Brazilian Federal Audit Court approved an oil auction that covers parts of the pre-salt zone offshore Brazil that was involved in a long dispute between the Brazilian government and Petrobras. The Brazilian pre-salt oil region consist of carbonates found below the salt layer. It’s oil-rich offshore reserve that is trapped below 2,000 […]
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