The new Act confirms that Africa is taking control of its own resources and setting the agenda for how they will be deployed.
Africa’s capability has grasped the world’s attention in recent times as conflict in Eastern Europe and rising energy costs have highlighted the globe’s precarious energy position.
The number of total active drilling rigs in the United States fell by 1 again this week, according to new data from Baker Hughes published on Friday. It is the third decline in as many weeks.
Companies plan to drill 33 high-impact wells in 2022, the largest annual number since Rystad Energy started tracking the sector in 2015
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.
Nigeria has launched new terms and conditions for six offshore PSCs in a race to drive up production as the global energy transition moves forward
Opoku-Ahweneeh Danquah said that there are inherent challenges in Ghana’s oil and gas sector which requires the immediate attention of all stakeholders
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.
Declining crude oil production poses a serious threat to the economy if nothing is done to incentivise and expedite exploration, says a report by Ghana Upstream Petroleum Chamber.
Kenya’s President Uhuru Kenyatta has commissioned the East African nation’s Sh40 billion (US$335,570,468.00) Kipevu Oil Terminal 2 in Mombasa.