In terms of revenue generation, the state has earned a total of $10.69 billion from the crude oil produced over the years, with the exception of 2011, when no semi-annual report was produced by PIAC.
Ghana’s crude oil output increased by 10.7% year-on-year in the first six months of 2024, reversing an annual production decline that began five years prior, the country’s public interest and accountability committee (PIAC) reported.
Two hundred teachers within the Ahanta West municipality of Western Region have participated in a four-day training on phonics, organised by Yinson Ghana.
TechnipFMC plc has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract from TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname.
Springfield E&P contracted the Deepsea Bollsta rig, a semi-submersible being managed by Odfjell Drilling Limited, to appraise the well following a July 8, 2024 ruling by the International Court of Arbitration that mandated Springfield to conduct additional work to complete the unitisation process.
Under the memorandum of understanding, which was signed at Offshore Korea 2024, Samsung will design the FPSO while LR will undertake the review of the contractor’s deliverables and provide technical advice for further design development.
Gas Networks Ireland said there is both enough gas supply sources and enough network capacity to meet the country’s anticipated gas demand projections over the coming winter period.
Shares of Tullow Oil fell as much as 10% in London trade today after the West Africa-focused oil company cut its full year free cash flow view to $150-$200m from its previous estimate of $200-$300m.
China’s large industrial firms reported a 10 % Y/Y decline in profits in October, with the property and retail sectors hit the hardest, the National Bureau of Statistics in Beijing said on Wednesday. Total profits for the first 10 months of the current year fell 4.3% Y/Y to 5.87 trillion yuan (US$810.9 billion), worse than the 3.5 per cent drop recorded in the first nine months.
The multi-year operation involved hackers who breached email accounts of environmental activists and others. The scheme allegedly began in late 2015, when U.S. authorities contended that the names of the hacking targets were compiled by the DCI Group, a public affairs and lobbying company working for Exxon at the time.