Petroleum exploration
Amid mounting pressure from the Trump administration, India has made it clear that any trade deal with the US will be driven by national interest, rather than geopolitical considerations. India faces the prospect of 50% tariffs on its goods exported to the US, effective August 27. External Affairs Minister S
Oil fields
Congress MP Shashi Tharoor recently expressed doubt over US President Donald Trump's claim of a deal with Pakistan to develop "massive oil reserves". The US President announced the trade deal on Truth Social, stating that the Americans would work with Pakistan to explore the country'
Natural resources
In Nigeria, the intersection of oil wealth and state power has been a defining factor in the country's democratic journey. The 1993 presidential election, annulled by the military regime, marked a crucial moment in the contestation between authoritarianism and democratic aspirations. This article explores the complex relationship between
Natural resources
The Gambia's Petroleum Ministry has strongly rejected claims of oil and gas resource misappropriation by Senegal, labeling them as misleading and lacking technical or scientific basis. The Ministry asserts that exploration, a process of searching for oil, must precede extraction, the actual removal of oil from the ground.
Petroleum
The Shell Nigeria Exploration and Production Company (SNEPCo) has been hailed as a major player in Nigeria's oil and gas sector, receiving the Major Oil Company of the Year award for 2023 from Energy Times. The award recognizes SNEPCo's contributions to deep-water oil and gas development,
Petroleum industry
Summit Resources Limited has made a significant oil discovery on the Lodgepole oil play in North Dakota, with its second test well, Armstrong/Summit Hondl #15-1, encountering a carbonate reservoir with excellent reservoir pressures. The well tested gas and oil on drill stem test, and was drilled 80 feet into
Petroleum industry
Trans-Dominion Energy Corporation (TDE) has signed a Protocol Agreement with Momentum Enterprises Inc. of Calgary and Ukranafta, the Ukrainian State Oil Company, allowing TDE to access confidential data for the Stynava Oil and Gas Field in Western Ukraine. The field, located in the Carpathian Mountains, has been in production since
Petroleum industry
Mobil Corp. has finally made a significant breakthrough in its efforts to explore for oil and gas in Kazakhstan after several false starts. The company has signed a joint-venture agreement with the Kazakh government to explore the 4 million-acre Tulpar Block in the northwest corner of the country. The agreement
Petroleum industry
Phillips Petroleum Company and its co-venturers, Anadarko Petroleum Corporation and Amoco Production Company, have announced the commercial declaration of the Mahogany field in the Gulf of Mexico. Located 80 miles offshore Louisiana, the field is the first commercial sub-salt oil development in the region. The project involves the construction of
Petroleum industry
The incoming Republican-controlled Congress is likely to open the Arctic National Wildlife Refuge (ANWR) and the Alaska North Slope (ANS) to oil and natural gas exploration and development, a move that could have far-reaching implications for the oil industry. Analysts predict that the ANWR, which has been a contentious issue
Petroleum industry
Oil companies operating in Colombia face crippling taxes and royalties that have led to a significant decrease in exploratory drilling efforts. The Colombian government collects an astonishing 85% of the profit made by foreign oil companies, making it one of the highest tax rates in the world. This has resulted
Petroleum industry
Alaska's oil companies are advocating for a plan that would allow large-scale exploration licensing, with the Alaska Oil and Gas Association (AOGA) leading the charge. The plan, which is currently moving through the Legislature, has been amended to address concerns from oil companies, including the exclusion of the
