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AUSTRALIA'S SANTOS GETS GREEN LIGHT FOR $2.3 BILLION NARRABRI GAS PROJECT.
After more than a decade of fierce opposition, Santos’ $2.3 billion Narrabri gas project in New South Wales has received a green light from the National Native Title Tribunal, marking a pivotal moment for Australia's energy future. The decision, which pits the country’s pressing need for domestic gas supply against environmental and Indigenous cultural concerns, highlights the complexity of balancing climate responsibilities with energy security. With plans to drill up to 850 coal-seam gas wells overlapping the sacred Pilliga forest, the project has faced staunch resistance from the Gomeroi people, who argue it threatens both their heritage and the climate. The tribunal acknowledged these risks but ultimately found the public benefit outweighed the detriments, signaling a controversial step forward in Australia’s ongoing energy debate.
- 1 year, 5 months
GHANA: GOIL SLASHES PETROL, DIESEL PRICES FOR CONSUMERS.
Ghana’s largest indigenous petroleum downstream oil marketing company, GOIL, has reduced its petrol and diesel prices effective May 19, 2025.
- 1 year, 5 months
OIL RETREATS AS CHINA AND US GROWTH CONCERNS WEIGH.
Oil prices are on edge as economic clouds gather over the world’s two largest energy consumers the United States and China. A downgrade of U.S. sovereign credit by Moody’s and unexpectedly weak industrial and retail data from China have fueled fears of slowing demand in global oil markets. The concerns come just a week after optimism from U.S.-China tariff rollbacks had pushed prices higher. Add to this the growing uncertainty surrounding U.S.-Iran nuclear negotiations and renewed threats of tariffs from Washington, and the energy market finds itself caught in a complex web of economic and geopolitical risks.
- 1 year, 5 months
WORLD BANK GROUP GRANT FOR BIGGEST PROJECT IN MALAWI’S POWER PIPELINE.
The World Bank has approved a substantial $350 million grant to support Malawi's Mpatamanga Hydropower Storage Project (MHSP), marking a significant milestone in the nation's energy sector.
- 1 year, 5 months
BOOSTING OIL PRODUCTION WITH NEW DIGITALLY SUPPORTED TECHNOLOGY.
SLB has launched a cutting-edge, digitally enabled well completion technology known as Electris, aimed at enhancing oil production while lowering the overall cost of asset ownership.
- 1 year, 5 months
SAUDI ARAMCO USES 10 EGYPTIAN DRILLING RIGS.
As part of its strategy to boost domestic oil and gas production, Saudi Aramco has contracted 10 drilling rigs from the Egyptian Drilling Company (EDC), reinforcing the energy cooperation between Saudi Arabia and Egypt.
- 1 year, 5 months
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