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 in a presentation on Wednesday. The shift to renewables will inevitably hike prices for fossil fuels and will keep them volatile—particularly in Asia and Europe. […]
OPEC continued to raise its oil production in November under the OPEC+ deal, but the cartel continued to pump less crude than its share of the monthly increase
The Minister of Hydrocarbons and Energies, Franklin Molina, reported that the Upstream Reactivation Plan enables an investment of US $ 400 million in 2022, which will be used to carry out hydrocarbon exploration and exploitation projects that allow replenishing the reserves and increasing the production of gas and oil
President Joe Biden’s administration stands ready to release even more barrels of oil from its strategic reserves should the need arise again, according to the U.S. State Department’s senior advisor for global energy security.
Russia’s Deputy Prime Minister, Alexander Novak claimed that the countries oil companies are ready to raise production to pre-pandemic levels.
Italian energy group Eni has agreed to sell gas group Snam 49.9% of its stake in strategic pipelines carrying Algerian gas into Italy for US$436 million, the two companies said on Saturday.
Executive Director for African Center for Energy Policy (ACEP), Benjamin Boakye, has predicted that Ghana’s energy-sector debt could surge to ₵7 billion by the close of the year if urgent measures are not put in place to check debt accumulation in the sector.
We wish to reiterate that, the Bulk Oil Storage and Transportation Company is set to take its central position in ensuring petroleum product availability at the right prices to drive the economy in the right direction
A delegation from the Petroleum Commission led by the CEO, Mr. Egbert Faibille Jnr. visited the 150 beneficiaries of the Accelerated Oil and Gas Capacity Building (AOGC)Programme receiving training at the Takoradi Technical University (TTU) last week to monitor the progress of the training.
The purpose of the visit was to have an update on how the students were faring in their training and the challenges encountered.
Director of Petroleum at the Ministry of Energy, Benjamin Kwame Asante, has disclosed why blocks 5 and 6 of Ghana’s oil were reserved for direct negotiations and not open for licensing round.According to him, these blocks are in deep water hence, requires people who have experience in deepwater exploration to negotiate for its bidding.He furthered […]