Oil prices fell overnight as the debacle of the Russian Oil Price Cap scheme continues in Europe.
The chief executive officer of the Ghana National Petroleum Corporation (GNPC), Opoku Ahweneeh Danquah has said the national oil company will continue to fully implement local content in its exploration and production (E&P) operations.
ABUJA — Nigerian President Muhammadu Buhari opened the first oil drilling site in the country’s north Tuesday, saying it will bring energy security and economic development.
Dr Matthew Opoku Prempeh, the Minister for Energy says the desire for countries to transition into other alternative sources of energy usage was particularly good for Africa and its women and children.
Renewables are exploding. Countries around the world are adding clean energy production capacity at a breakneck pace in a race against the clock to shore up energy security and beat climate change. While environmentalists and economists alike have been warning for decades that the future of the energy industry – and, indeed, the global economy – lies in renewable energies and not fossil fuels, industry and policy leaders have been slow to adapt. Until now.
In this week’s newsletter, we will take a quick look at some of the critical figures and data in the energy markets this week.
The ad-hoc committee set up by the Senate to investigate oil theft and consequent damage on the nation’s economy said on Tuesday that Nigeria lost $2 billion, equivalent to N1.3trillion, to oil theft between January and August this year.
How indigenous Ghanaian companies are benefiting from service contracts in upstream petroleum sector
Nine years after the passage of L. I. 2204 and its implementation, the upstream petroleum sector has witnessed remarkable achievements as indigenous Ghanaian companies have dominated contracts issued by international oil and gas companies operating in the country.
Three international oil and gas firms have signed a memorandum of understanding (MoU) for the construction of a $5 billion floating liquefied natural gas (LNG) facility in Nigeria, The Punch newspaper said.
When Total Energies and Shell separately announced “significant” discoveries of what appears to be commercial quantities of oil and gas offshore Namibia — possibly more than 4 billion barrels of oil in total — it signaled something new for the nation: a chance to monetize its natural resources to combat energy poverty and accelerate economic growth. The offshore deposits — the nation’s largest find since independence — are at peak likely to provide Windhoek an estimated $5.6 billion annually in royalties and taxes and should help the nation double its $11 billion economy by 2040.