The upstream petroleum industry awarded contracts worth US$3.6billion to indigenous companies over the last three years, thereby deepening the local content policy.
Tanzania petroleum regulators insist that there is no operational contract signed between the government and Petrodel which claims to own the three blocks.
Ghana’s state-owned oil company is progressing with plans to sell liquefied natural gas throughout West Africa after shipments of the fuel begin to flow to an import terminal this year.
Tullow Oil, one of the Jubilee Field Partners, has sponsored the processing of sargassum seaweeds into animal feed and fertilizer.
Oil prices climbed on Tuesday, with investors regaining some risk appetite as they await clues from the U.S. Federal Reserve chairman on potential interest rate rises and as some oil producers continued to struggle to beef up output.
Global oil prices continued to gain ground above $80 per barrel on Friday, helped by a growing consensus that demand remained surprisingly resilient
to the current Omicron-led wave of COVID-19 cases which spooked markets in late 2021.
ExxonMobil reaps windfall of up to $1.9billion from oil and gas rally
Companies within the oil and gas sector will spend $15.6 billion on digital tools to address industry challenges and align operations with changing business models.
For more than a year, the African Energy Chamber has been pushing back against steadily building pressure to halt new foreign investments in Africa’s oil and gas industry
The Public Interest and Accountability Committee (PIAC) has reiterated that all natural resources, including petroleum, irrespective of the location, are for all Ghanaians and not the host communities alone