Oil prices climbed above $80 (£59) a barrel yesterday, hitting their highest level in three years as the pound slumped.
The Government of Ghana has filed a response to the suit by the Italian oil and gas firm, Eni, at the International Tribunal in London, United Kingdom.
Shell Oil Products has begun production at the US’ first biomethane facility, the company announced on Tuesday.
Within the second pricing-window of September, prices of petroleum products saw marginal increment in the local market. The local Oil Marketing Companies (OMCs), increased their price of petroleum products between 1 to 2 per cent at the various pumps.
The newly reconstituted board of the Public Interest and Accountability Committee (PIAC) has been tasked to judiciously execute its mandate in
ensuring citizens benefit from the exploitation of Ghana’s petroleum resources.
While international policymakers and regulatory bodies have already been applying some degree of pressure on the energy industry to decarbonize for years now, the push for cleaning up the global energy sector’s act has been supercharged by the most recent report from the Intergovernmental Panel on Climate Change (IPCC) and the United Nations (UN).
Few could have predicted that after an already extensive bull run this year amid recovering demand, oil prices had much further to go. And yet, the world’s most traded commodity just got a major boost from the gas crunch in Europe and Asia, prompting forecasters to update their forecasts
Global oil demand is expected to continue to grow into the mid-2030s to 108 million barrels per day (bpd), after which it is set to plateau until 2045, OPEC said in its 2021 World Oil Outlook (WOO) on Tuesday.
The government’s petroleum receipts for the second quarter of the year increased by almost 60 percent compared with the same period last year,
boosted by higher oil prices.
The Senior Leadership Team (SLT) of Tullow Oil Plc, led by the Chief Executive Officer, Rahul Dhir has paid a working visit to Ghana.