Tag: projects
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Petronas President warns: halting investment in oil and gas projects is a ‘catastrophe’
The President and CEO of the Malaysian Petronas “Tengku” company, Muhammad Tawfiq, condemned the calls for an absolute halt to investment in oil and gas projects, describing it as a “catastrophe”. Tawfiq stressed that the lack of investment in oil and gas cause There are severe market fluctuations and affect energy security, according to what…
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Oman Oil: We focus on fossil fuels…and the uncertainty surrounds hydrogen projects
Petroleum Development Oman leads the energy sector in the Sultanate. As it is responsible for producing the largest percentage of crude oil and natural gas, its concession area covers the equivalent of a third of the country’s geographical area, and it owns about 205 producing oil fields and 64 fields for natural gas production. In…
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Oil and gas projects in Africa attract $16 billion in bank financing
The pace of implementation of oil and gas projects in Africa is accelerating in light of the growing demand for the two vital commodities. This prompted the governments of the countries of the continent to raise investment spending related to exploration and excavation activities. Indeed, entities outside the fossil fuel industry have begun directing their…
