Ben Boakye, Executive Director of the Africa Centre for Energy Policy (ACEP), has called on government and industry to incentivise in-country fuel storage and strategic reserves to cushion Ghana’s economy from shocks like recent international conflicts and rising pump prices. Speaking on the Joy Super Morning Show amid significant hikes in local fuel prices, with petrol […]
Sable Offshore Corp. has initiated oil sales from its Santa Ynez Pipeline System offshore California, marking a key milestone in the phased restart of production across the Santa Ynez Unit.
Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil (NYSE:XOM), has achieved first production of liquefied natural gas (LNG) at its first liquefaction train, marking the transition of the facility from a receiving terminal into a major export hub as a global energy crisis emerges out of the Iran conflict.
TotalEnergies has completed its merger with Neo Next in a move that sees the French supermajor end its time as a UK operator.
Bangladesh has formally requested a temporary sanctions waiver from the United States to import roughly 600,000 metric tonnes of Russian diesel to cover two months of demand as its energy crisis intensifies, Reuters reported on Monday, with officials pointing to Washington’s recent 30-day waiver granted to India as precedent.
The Dangote Petroleum Refinery has said it will make enough fuel available to Nigerians, as it urged the government to provide adequate crude oil to the Lekki-based plant.
The Group of Seven (G-7) said it is prepared to take further measures to stabilize global energy markets, as volatility driven by the Iran conflict continues to ripple through oil and gas supply chains.
Phoenix Global Resources, the Mercuria-backed crude producer, is preparing a $6-billion expansion in Argentina’s Vaca Muerta shale, as new government incentives aim to accelerate upstream investment and production growth.
Despite the fact that Nigeria is now home to the biggest oil refinery in Africa, Nigeria’s gasoline prices have soared to a record high amid the war in the Middle East.
Asharami Ghana, a subsidiary of energy conglomerate, Sahara Group, has entrenched the country’s long-term supply capacity and storage capacity of liquefied petroleum gas with investments in onshore storage infrastructure and a dedicated shipping vessel, amid surging demand for clean cooking fuel.