Ghana is carrying out a major overhaul of its power system and shifting heavily toward domestic natural gas for electricity generation, consulting firm Deloitte said in a report.
A new report by KPMG and United Nations Development Programme (UNDP) has revealed that Ghana’s crude oil production has plummeted by almost half since its peak, posing significant risks to fiscal stability and energy sector revenues.
Crude oil demand is going to continue growing, but insufficient investment could tip fundamentals into imbalance, Russia’s Alexander Novak said today in Beijing.
Some Indian banks have started to consider financing Russian oil trades that involve only non-sanctioned entities and sanctions-compliant pricing and payments.
Indonesia looks to unlock its upstream potential by offering more than 100 previously untapped oil and gas basins to global investors for exploration.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a draw of 1.9 million barrels in the week ending November 21. Crude oil inventories gained 4.4 million barrels in the week prior.
Oil prices recovered slightly in early Asian trading on Wednesday after falling to one-month lows in Tuesday’s session. Sentiment in markets remains bearish, with traders focused on a potential peace deal between Ukraine and Russia.
GAS Arabian Services has signed agreements worth USD 17.5 million to acquire stakes held by Afaq Al Mustaqbal in EagleBurgmann Saudi Arabia (EBKSA) and TCR Arabia (TCR), Gas Arabian Services said in a Saudi Exchange filing on Tuesday.
Iraq seeks a replacement for Lukoil at West Qurna 2 to protect exports and attract new foreign partners.
Nigeria’s Dangote has selected Honeywell UOP to provide technical services and support for a planned capacity expansion at the Dangote Refinery in the Lekki Free Zone in Nigeria, Reuters reported on Tuesday.