research and development

Ghana to vote on local content regulation before year end

Eni discoveries trigger debate on upstream localization In September 2012, the Italian national oil company Eni and its partners, Vitol from The Netherlands and the Ghana National Petroleum Company (GNPC), made the first oil discovery in the Offshore Cape Three Point (OCPT) block in the Tano Basin about 50 kilometers offshore Ghana. The exploration and …

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Saudi Aramco to invest $25 billion in Red Sea oil and gas

Aramco to develop deep water exploration and production Saudi Aramco plans to produce natural gas this decade off the Red Sea coast to increase domestic supplies to power generation and water desalination plants rising 7 percent a year. The program is designed to ensure to have ample spare capacity to meet underestimated energy demand. Saudi Aramco …

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