Somoil buys shares in offshore Angola plays

Somoil has signed a sales agreement with TotalEnergies and its Japanese partner Inpex Corporation to purchase shares in offshore blocks 14 and 14A, the Angolan private operator announced on Tuesday.Somoil will…

Oil refining capacity fell for first time in 30 years in 2021, IEA says

The International Energy Agency (IEA) says refinery throughput averaged 79.8 million bpd in the fourth quarter of 2021Global oil refining capacity fell for the first time in 30 years last…

GNPC :GNPC Commences Third Phase 2D Seismic Data Survey On Voltaian Basin

Ghana’s National Oil Company (GNPC) has commenced a further 2D seismic data survey on the West African nation’s unexplored Voltaian Basin.The company awarded a contract to a Joint Venture Chinese…

Tullow, Ghana Navy sign $23.5m agreement to protect oil fields

Tullow Ghana Limited has signed a $23.5-million agreement with the Ghana Navy for the latter to use its newly acquired naval vessels to provide security services at the TEN and…

Wintershall Dea exits Brazil’s upstream

Wintershall Dea has decided to terminate all its operations in Brazil, the German upstream entity announced on Monday.The company will close its offices in Rio de Janeiro and remove itself…

Egyapa Mercer: ACEP’s allegations against GNPC surprising

Andrew Egyapa Mercer, a deputy minister of energy has described as surprising, allegations by the Africa Centre for Energy Policy (ACEP) that the CEO of the Ghana National Petroleum Corporation…

Brent crude hits highest level since October 2014

Price of Brent crude hit its highest level in more than seven years on Tuesday, 18th January, 2022, on growing demand optimism, easing concerns about the Omicron Covid variant and…

Ghana Navy gets 4 flex fighter vessels

The Ghana Navy has received four new flex fighter vessels from government.Majority Chief Whip, Frank Annoh-Dompreh announced this in a tweet on January 13.According to him, the provision of the…

3 Key Trends Driving Natural Gas In 2022

Woodmac: Natural gas demand is likely to remain resilient in the short termLNG exporters are expected to post strong results at the start of 2022Natural gas prices could fall somewhat…

High U.S. Gasoline Prices Set To Dent Demand

Target Corporation’s chief executive Brian Cornell: American consumers will drive less this yearCornell: Some of the historical ways consumers react to inflation will play out again in 2022Inflation in the…
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