Ghana settles $42m debt to Nigeria Gas Company

Ghana has settled the $42 million debt it owed Nigeria Gas Company (N-Gas), making it possible for the two countries to start on a fresh page.The settlement of the debt,…

ExxonMobil takes Stena drillship back to Guyana exploration well

ExxonMobil is back drilling at its second wildcat on the Canje block offshore Guyana after partially completing the well earlier this year.The US supermajor was set to recommence drilling at…

Deputy Minister-designate lauds PRMA for transparency in petroleum sector

Dr Mohammed Amin Adam, Deputy Minister Designate for Energy, says the Petroleum Revenue Management Act (815), is considered as one of the best in the world.According to him, the transparency…

OPEC Member Countries Lose $1Trillion In Two Years

Members of the Organisation of Petroleum Exporting Countries (OPEC) lost about US$1 trillion to oil price plunge in 2015 and 2016, Secretary-General of OPEC, Dr Mohammad Barkindo, has disclosed.“In terms…

Ghana: MODEC Delegation Meets Energy Minister

The Managing Director of MODEC Production Services Ghana, Theo Ahwireng, has led a delegation to visit Ghana’s Minister for Energy, Dr Matthew Opoku Prempeh.The purpose of the visit was to…

Baker Hughes takes a stake in synthetic natural gas startup

(Bloomberg) –Baker Hughes is taking a 15% stake in a startup that aims to produce natural gas from hydrogen and carbon dioxide, the oilfield service company’s latest move to invest…

Eni prepared to fight back as court battle highlights local difficulties in Ghana

Eni is preparing to contest a 25 June ruling by the Commercial High Court in Ghana in favor of local independent Springfield Exploration & Production over revenues from the Sankofa…

The Small Exploration Company That Shocked The Oil Industry

A small Canadian oil explorer may have shocked the industry this year when it published initial results that pointed to the potential of a giant oil discovery in Namibia’s Kavango…

Development Webinars: Focus on Upstream Oil and Strategic Mineral Ores

Countries seeking emergence can rely on strategic resources to drive growth; On the eve of a post-Covid recovery, African countries with these resources are getting ready for a promotional campaign;…

Ghana settles $42m legacy debt to N-Gas, Napo’s leadership gets praise

Ghana’s energy sector has received a major boost following the payment of the country’s $42 million legacy debt owed Nigeria Gas Company (N-Gas).The settlement of the debt to N-Gas among…
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