The Organisation of Petroleum Exporting Countries and its partners in OPEC+ led by Russia decided this week they would not increase their target production figure for next month.
Low-carbon oil seems pivotal to the future of fossil fuel production as it becomes clear that the world is still highly dependent on crude.
International integrated companies – such as Exxon Mobil Corp. and Chevron – reported strong first quarter earnings as did international service companies Schlumberger and Halliburton.
Kosmos Energy Ltd. announced today its financial and operating results for the first quarter of 2022.
Dr Mohammed Amin Adam, the Deputy Minister of Energy, says Africa has seen low hydrocarbon exploration investment in recent time.
Workers of the Tema Oil Refinery (TOR) are calling on the government to make available crude from the jubilee oil fields in the Western Region, for the refinery to process into finished petroleum products, for the local market.
Finland is prepared that it could be next on Russia’s list for cutting off gas deliveries for European Union members, as the Russian neighbor to northwest is expected to decide within weeks whether to apply to join NATO.
Former Chief Executive Officer of the Ghana National Petroleum Corporation, Dr. Amos Ofori Quaah wants Ghana to return to the Oil Production Sharing Agreement to accrue more revenue from the hydrocarbon resources.
The country lost 47 billion cubic feet (bcf) of gas to flaring between 2019 and 2021, the African Centre for Energy Policy (ACEP) has disclosed.
According to a report by PIAC, the reduction in the country’s crude oil production resulted in an unplanned shutdown at both the TEN and the Sankofa Gye-Nyame oil fields