For nearly two decades, South America’s largest economy Brazil has been reaping a tremendous economic windfall from a massive oil boom that kicked off with the first offshore ultra deep-water pre-salt discovery in 2006.
Kurdistan’s oil export is yet to resume through the Turkish pipeline, 75 days after it was blocked following the ICC’s arbitration court’s decision issued on March 23, 2023, only two days after Kurdish New Year holidays known as Nawroz.
The Overlord of Dagbon, Ya Naa Abukari Mahama II is upbeat about the massive facelift the Northern Region is about to witness as the Ghana National Petroleum Corporation (GNPC) inches closer to drilling an oil and gas exploration well in the Voltaian Basin next year.
The GOIL Company PLC, registered a net profit after tax of GHC123.89 million in 2022, up by 26% compared to the previous year, Reginald Daniel Laryea, chairman of the GOIL board of directors, has announced.
Nigeria produced the most crude oil, followed by Algeria and Angola. Nigeria, Angola, and Algeria have three of the ten largest crude oil fields in Africa in terms of production in 2022.
Angola is China’s second-largest trading partner in Africa, with bilateral trade surpassing 27 billion US dollars in 2022.
The UK government has announced new oil and gas tax changes, which it says are set to protect energy security and British jobs.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since July 2020, energy services firm Baker Hughes Co BKR.O said in its closely followed report on Friday.
Kenya has expressed interest in strengthening bilateral relations with Angola across various fields including energy, agriculture and trade.
Angola’s Ministry of Energy and Water Angola has secured $900 million in loan from the Export-Import Bank of the United States (EXIM) to fund the rollout of two large-scale solar PV projects.