Why African oil producers need to shift their strategy in post-fossil fuels era

Energy and climate policies made in the halls of Brussels or Washington have a profound impact elsewhere. This is particularly applicable to Africa.The continent’s oil and gas producers are facing…

Nigeria: China Builds 1,980km Oil Pipeline From Niger to Benin Republic

Nigeria may have lost out on a multi-billion dollar oil pipeline contract following the decision of Chinese investor to move the project to neighbouring Niger Republic after it reportedly first…

I’ll ensure rules and regulations are adhered to by petroleum downstream players – NPA boss

Dr Mustapha Hamid with the management of Puma Energy Ghana LtdChief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid has assured that his primary objective is to ensure…

Tullow Group projects US$0.7 billion half-year revenue

Tullow said capital expenditure of the group for the first six months of the year stood at US$100 mThe Tullow Group is projecting a half-year revenue of $0.7 billion with…

OPEC sees world oil demand reaching pre-pandemic level in 2022

OPEC in its monthly report also maintained its prediction that demand would grow by 5.95 million bpd or 6.6% in 2021The Organisation of the Petroleum Exporting Countries (OPEC) forecast on…

OPEC+ oil deal sends prices lower

OPEC+ reached a deal on Sunday to phase out 5.8 million barrels per day of oil production cuts by September 2022Oil prices fell nearly 1% on Monday morning during Asia…

The time for Africa to embrace renewable energy power supply is now – CEO of DLO Energy

The founder and CEO of DLO Energy Resources Group, Linda Mabhena-Olagunju has expressed the urgency for Africa to embrace renewable energy power supply now. Renewable Energy, according to Linda offers…

Oil drops, heading for biggest weekly fall in months

Oil prices fell on Friday, heading for their biggest weekly drop since at least May as expectations of more supplies spooked investors, with OPEC likely to add output to meet…

Oil price falls a third day as supply worries mount

Oil prices fell a third day on Friday as supply concerns continued to haunt the market, with OPEC likely to add more barrels amid expectations that demand is returning as more countries…

PIAC outlines wrongful lodgements of petroleum revenues into GRA accounts as its biggest challenge

• PIAC has issued a paper for August 2020 on Ghana's Management and use of Petroleum Revenue • Among its challenges, it said wrongful lodgements were made into wrong accounts…
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