Author: intent

Announcement of New Chief Operating Officer of Heritage Energy Operational Services Limited (“HEOSL”)

Heritage Oil Limited (“HOL”) is pleased to announce that it has appointed Wessel de Haas as Chief Operating Officer of HEOSL with effect from 1st September 2026. Wessel brings over twenty-five years of international oil and gas experience, having worked in Africa, Asia, and Europe. Wessel’s has spent the last 5 years in Nigeria with […]

Vitol emerges as a major buyer of Iraqi crude

Vitol has bought ‌at least 25 million barrels of Iraqi crude in September, two sources told Reuters, as the world’s largest oil trader capitalises on its global shipping and logistics clout to help Iraq export oil stranded by the US-Iran ​war. The purchases underscore how the war has reshaped Middle East oil trade, allowing companies […]

Pecan Energies Ghana CEO calls for new approaches to financing Africa’s upstream sector at AOW 2026

The Chief Executive Officer of Pecan Energies Ghana Limited, Kadijah Amoah, has called for greater innovation in mobilising African capital to finance the continent’s energy development. Speaking during the Finance Leadership Exchange at AOW 2026 in Accra, Kadijah joined senior leaders from the banking, development finance and energy sectors to explore the financing models required […]

Tullow Oil swings to positive free cash flow as Ghana output, higher oil prices drive growth

 West Africa-focused Tullow Oil (TLW.L), opens new tab reported a sharp improvement in first-half free cash flow ​on Monday, driven by strong output ‌from its Ghana fields, stronger-than-expected new-well performance and higher oil prices stemming from the Iran war.Here ​are details: Tullow’s free cash flow swung ​to $4 million for the first half ⁠ended June […]

Brent Tumbles to $96 as Gulf Oil Flows Bounce Back

Crude oil prices moved markedly lower on Wednesday and stayed there earlier today, after booking a solid jump for September. The decline came in response to reports from JP Morgan, Goldman, and Kpler, suggesting oil flows out of the Persian Gulf had virtually returned to pre-war levels.

China Oil Comeback Loses Steam

A nascent recovery in Chinese oil demand has begun to falter, as continued fighting in the Middle East and limited Iranian supply keep crude prices too high for private refiners, prompting some analysts to trim forecasts for the coming months.