Ghana Gas Company Limited is expected to acquire Ghana Cylinder Manufacturing Company (GCMC) Limited by the end of the first quarter of 2024.
OPEC only partially delivered new oil production cuts in the first month of its latest supply pact, according to a report from the group.
Eversource said it would sell its 50 percent share in the 132-megawatt South Fork and the 704-megawatt Revolution offshore wind projects, which it owns jointly with Danish firm Orsted , to Global Infrastructure Partners (GIP).
•Declares Nigeria’s technical oil production potential stands at 2.26m bpd
•APPO to announce headquarters of proposed African Energy Bank next month
Emmanuel Addeh in Abuja and Peter Uzoho in Lagos
Over the last decade, the US has become the top producer of crude oil globally, thanks in part to hydraulic fracturing in shale formations.
The US overtook Saudi Arabia and Russia in oil production in 2018, accounting for 14.7% of global crude oil production in 2022.
Despite leading in production, the US still trails in remaining proven reserves underground, ranking seventh globally behind countries like Venezuela and Saudi Arabia.
Barclays announced Friday it will no longer provide direct financing for any new upstream oil and gas, thermal coal expansion projects or related infrastructure to help achieve its net zero goals.
Once oil rivals Diamondback Energy and Endeavor Energy Resources announced Monday (Feb. 12) that they are merging to create a $50 billion oil giant in the Permian Basin. The deal is just the latest in a wave of consolidation in the US energy sector.
Oil and gas companies and environmental groups on Monday filed dueling legal challenges to the Biden administration’s five-year plan to offer drilling leases in the Gulf of Mexico.
LONDON: Saudi state oil company Aramco has started trading a US crude oil grade that underpins the global Brent benchmark in a process run by S&P Global Commodity Insights, the publisher said on Monday, according to Reuters.
According to the Bank of Ghana (BoG), Ghana’s Petroleum Holding Fund (PHF) encountered both challenges and opportunities in 2023, reflecting the broader economic trends that influenced crude oil prices and revenue inflows.