Despite promises that it would begin petrol production between August 10 and 12, 2024, the Dangote Petroleum Refinery may postpone the roll out of Premium Motor Spirit (PMS).
Nigeria’s crude oil production in the month of July rose to 1.307 million barrels of crude oil daily according to the monthly oil market report of the Organisation of Petroleum Exporting Countries (OPEC).
In furtherance of its long-standing support to African oil and gas producing countries and development of local content in the continent, the Nigerian Content Development and Monitoring Board (NCDMB) has commenced a five-day knowledge sharing programme with the Petroleum Commission of Ghana.
Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Joseph Dadzie, is of the firm belief that establishing an operational presence in the Western Region would further strengthen GNPC’s position as Ghana’s foremost player in the oil and gas sector.
Minister of Petroleum and Mineral Resources Karim Badawi has met with Dimitrios Copelouzos, Chairman of the Greek Copelouzos Group, and Ioannis Karydas, CEO of the Group for Renewable Energy, Energy Storage and Interconnection.
The decision comes at a time when industry executives have been pushing for government measures to bring back investments put off by a slew of state interventions to curb energy prices and boost domestic supply.
In a quarterly financial update, Granite Ridge Resources revealed it closed multiple transactions in Q2 2024, adding 16.4 net future drilling locations for $22.4 million (including $5.8 million of expected future drilling carries).
audi Arabia is expected to ship lower volumes of crude oil to the world’s top importer, China, next month, as official Saudi term prices were raised for September.
Houston-headquartered exploration and production company Marathon Oil Corp. reported $349 million in net income for the second quarter, compared to $297 million for the previous quarter and $287 million for the corresponding quarter a year prior.
U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday.