On World Malaria Day, a durbar was held at the Agona Nkwanta Polyclinic. Yinson Ghana and WARA/International SOS Ghana donated essential medical equipment, including BP apparatus, thermometers, pulse oximeters, portable diagnostic sets, Rapid Diagnostic Tests, Antimalarial medications, sanitizers, treated mosquito nets, weighing scales (for adults and babies), baby cots, examination beds, dressing sets, and delivery sets to the clinic.
Pecan Energies, in partnership with Lukoil Overseas Ghana Tano Limited, the Ghana National Petroleum Corporation (GNPC), and Fueltrade Limited, has awarded full scholarships to 20 outstanding students for the 2024/2025 academic year under its flagship Pecan Inspire Scholarship Programme (PISP).
The Chief Executive Officer of the Association of Oil Marketing Companies (AOMCs) says Ghanaians may soon enjoy significantly lower fuel prices at the pump if the cedi continues its recent run of stability.
The first liquefaction train from the North Field east expansion project will start production by mid-2026. “As for North Field West, it is in the engineering phase and will be going into the construction phase somewhere in 2027”, Al-Kaabi, who is also Qatar’s energy affairs minister, told the World Gas Conference in Beijing, as quoted in a statement from QatarEnergy.
Mero-4 will connect 12 wells to the new Alexandre de Gusmão floating production, storage and offloading (FPSO) facility, which has an output capacity of 180,000 bpd. The fourth development will also enable 12 million cubic meters (423.78 million cubic feet) of gas compression a day. The consortium approved the project August 2021.
Earlier this month, Petrobras reported a net profit of BRL 35 billion ($6 billion) for the first quarter. The company achieved adjusted earnings before interest, taxes, depreciation, and amortization of BRL 61 billion ($10.5 billion) and an operating cash flow of BRL 49.3 billion ($8.5 billion).
“We welcome our partners’ commitment to advancing local manufacturing through their investments in these state-of-the-art facilities which will strengthen the UAE’s industrial base and create highly skilled private sector jobs”, Yaser Saeed Almazrouei, ADNOC Executive Director for People, Commercial, and Corporate Support, said. “These investments reflect ADNOC’s ongoing drive to support the ‘Make it in the Emirates’ initiative and localize strategic industrial capabilities through our In-Country Value program”.
“We had some very good talks with Iran yesterday and today, and let’s see what happens,” Trump told reporters on Sunday at the Morristown Airport in New Jersey on his way back to Washington. “I don’t know if I’ll be telling you anything good or bad over the next two days, but I have a feeling I might be telling you something good.”
Week on week, the U.S. offshore and inland water rig counts remained unchanged, and the country’s offshore rig count dropped by 10, the count highlighted. The U.S. oil rig count dropped by eight, its gas rig count dropped by two, and its miscellaneous rig count remained unchanged, week on week, the count showed. The U.S. horizontal rig count dropped by nine week on week, its vertical rig count dropped by two, and its directional rig count increased by one, the count revealed.
“Crude oil edged lower as the market contemplated the outlook for rising OPEC supply,” ANZ analysts said earlier today in a note, as quoted by Reuters. On the other hand, ING analysts noted President Trump’s concession to the EU, which delayed the entry into effect of 50% tariffs to early July in case the two failed to seal a new trade deal. Also on the bullish side, President Trump threatened Russia with more sanctions after intensified strikes on Ukraine that followed a large-scale Ukrainian attack on Russian territory.