Just when the world started to embrace some normalcy in terms of the global economy and social mobility, a new variant from South Africa, technically called B.1.1.529 and named Omicron, has emerged as policy-makers, politicians, and investors brace themselves for yet another wave of Coronavirus-related restrictions
Oil prices rose more than 3% on Wednesday, recouping a big chunk of the previous session’s steep losses, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant of the coronavirus
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years
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
Crude oil could soar to $125 per barrel next year and $150 in 2023 due to OPEC’s limited capacity to boost production
Guyana’s emerging upstream petroleum industry is set to receive technical assistance and practical learning from Ghana as part of efforts to spur on the development of its industry.
Following the conclusion of negotiations for the acquisition of additional interest in the Jubilee and TEN fields from Occidental Petroleum, Kosmos Energy has lauded Ghana’s Energy Minister, Dr Matthew Opoku Prempeh, for ensuring that Ghana has a greater stake in the development of her resources
The Chief Executive Officer of Petroleum Commission, Mr Egbert Faibille Jnr., has asked Maersk Drilling, a drilling company in Ghana, to deepen their contribution to Ghana’s quest at local content and local participation
Following two years of negotiations of the agreement on the oil blocks located in the Western Basin of the country, the Director of Petroleum at the Energy Ministry, Benjamin Kwame Asante has revealed that the final agreement of Ghana’s first oil bid and licensing round will be laid before parliament before the close of the year
Russia’s Deputy Prime Minister, Alexander Novak claimed that the countries oil companies are ready to raise production to pre-pandemic levels.