The United States is set to become “energy dominant”, boosted to prominence by its low-cost oil and gas supplies as global prices rise in the future, Bank of America said in a presentation on Wednesday. The shift to renewables will inevitably hike prices for fossil fuels and will keep them volatile—particularly in Asia and Europe. […]
Just when the world started to embrace some normalcy in terms of the global economy and social mobility, a new variant from South Africa, technically called B.1.1.529 and named Omicron, has emerged as policy-makers, politicians, and investors brace themselves for yet another wave of Coronavirus-related restrictions
Oil prices rose more than 3% on Wednesday, recouping a big chunk of the previous session’s steep losses, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant of the coronavirus
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years
OPEC continued to raise its oil production in November under the OPEC+ deal, but the cartel continued to pump less crude than its share of the monthly increase
Crude oil could soar to $125 per barrel next year and $150 in 2023 due to OPEC’s limited capacity to boost production
Guyana’s emerging upstream petroleum industry is set to receive technical assistance and practical learning from Ghana as part of efforts to spur on the development of its industry.
Following the conclusion of negotiations for the acquisition of additional interest in the Jubilee and TEN fields from Occidental Petroleum, Kosmos Energy has lauded Ghana’s Energy Minister, Dr Matthew Opoku Prempeh, for ensuring that Ghana has a greater stake in the development of her resources
The Chief Executive Officer of Petroleum Commission, Mr Egbert Faibille Jnr., has asked Maersk Drilling, a drilling company in Ghana, to deepen their contribution to Ghana’s quest at local content and local participation
Fuel prices on the global markets have fallen sharply from over 80 dollars a barrel to about 72 dollars per barrel.