The upstream petroleum industry awarded contracts worth US$3.6billion to indigenous companies over the last three years, thereby deepening the local content policy.
U.S. oil and gas firms generated $73.7 billion in profits in 2021.
Despite higher oil prices and profits, companies have been careful with capital expenditure.
The Ghana Upstream Petroleum Chamber has called on the government to urgently put in strategic incentives to attract more investment in oil exploration in the country.
The price of energy has been too low for producers in recent years while the price of extraction has increased, this will cause the global economy to shrink.
The DACF has received more than GH¢32,380,403.91 from the ABFA in 2021 following a 2019 decision of the Supreme Court in the case of Kpodo vs The Attorney-General.
The war in Ukraine has renewed European interest in investing in African oil and gas projects, according to a report from Reuters
An oil pump jack in Midland, Texas, US, on Thursday, April 7, 2022. Midland, Texas, is used to booms and busts. But even here, prices are shocking the local economy — and the Fed may not be able to help.
Russia is going to keep creating uncertainty over shipments of oil, gas and agricultural commodities onto world markets
As the world gears up to avoid a climate catastrophe by limiting global warming to 1.5 to 2 degrees Celsius, more countries are putting carbon pricing at the center of their mitigation strategies.
As Tullow Oil works to execute its merger with Capricorn Energy, the company is focusing on growth projects.