Natural resources
President Joseph Nyuma Boakai, Sr.'s decision to allocate four offshore oil blocks to the National Oil Company of Liberia (NOCAL) marks a significant step towards Liberia's energy independence and economic prosperity. The allocation includes full 100% ownership of blocks LB-10, LB-11, LB-29, and LB-31, ensuring maximum
Petroleum industry
Consolidated Natural Gas Company, a leading natural gas producer and distributor, announced today that its subsidiary, CNG Producing Company, was the high bidder on eight tracts in the central Gulf of Mexico federal lease sale. The company's bids totaled $3.2 million for a significant portion of the
Petroleum industry
Exxon Corp., a leading US energy company, and its Japanese and Russian partners are on the cusp of finalizing two major production-sharing agreements worth a combined $16.2 billion. The agreements, which cover the development of three offshore oil and gas fields in the Sea of Okhotsk, are expected to
