The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw yet another large draw, this time of 9.3 million barrels in the week ending December 12. Crude oil inventories shrank by 4.8 million barrels in the week prior.
Nigeria’s richest man Aliko Dangote escalated his fight with regulators on Sunday, accusing them of enabling cheap fuel imports that threaten local refineries.
Nigeria is Africa’s biggest oil producer, but relies heavily on imports, and Dangote’s refinery was meant to change that.
Cybele Energy, a Ghana-based independent oil and gas company, has announced plans to immediately begin exploration activities on its shallow-water offshore Block S7 in Guyana, days after signing a production-sharing agreement (PSA) with the South American country’s government.
Technical Advisor at the Ministry of Energy and Green Transition, Dr Yusif Sulemana has reiterated government’s commitment to maintaining oil and gas as a central pillar of Ghana’s economic and industrial development, even as the country advances its green transition agenda.
Somaliland President Abdirahman Mohamed Abdullahi “Irro” has said the region expects oil and mineral exploration to officially begin by 2027.
Egypt plans to drill 480 exploratory wells with total investments estimated at $5.7bn over the next five years, Minister of Petroleum and Mineral Resources Karim Badawi said on Monday, as the country seeks to reverse a decline in natural gas output.
Eni’s latest discovery in Indonesia reinforces the Kutei Basin’s reputation as one of the hottest global exploration plays of recent years.
New Delhi, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri on Monday said that the production at the Ashoknagar Oil Field project in West Bengal would start soon, with both ONGC and the state government making efforts to finalise the lease deed.
Noorulhaq Anwar, Director General of Administrative Affairs, announced on Sunday that the Islamic Emirate has approved plans to create an independent oil and gas authority.
The benefits of alternative fuels are less pollution, fewer greenhouse-gas emissions, and cleaner seas and skies.