News

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…

Oil prices plunged on the back of the discovery of a new Covid variant, but Omicron isn’t the only bearish factor in today’s oil markets.The resurgence of tensions between China…

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…

The tiny South American nation of Guyana, has emerged as the hottest offshore drilling location on the continent over the last six years.The swathe of oil discoveries made by ExxonMobil…

OPEC has once again failed to hit its target production level, falling 34,000 bpd short.Both Saudi Arabia and Iraq saw production increases in line with the target.OPEC+ meets on Thursday…

In a new report from JP Morgan, analysts are predicting $125 oil next year and $150 oil in 2023.This bullish forecast is driven by the belief that OPEC has a…

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 an earlier…

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…

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…

Fuel prices on the global markets have fallen sharply from over 80 dollars a barrel to about 72 dollars per barrel. This comes after some international agencies like Goldman Sachs…