Offshore Guyana is garnering considerable attention from international oil companies as a slew of oil discoveries since 2015 underscore the significant oil potential of the former British colony’s territorial waters. Since 2015, global energy supermajor ExxonMobil has made a slew of high-quality petroleum discoveries in the Stabroek Block offshore Guyana which the company estimates contain over 11 billion barrels of recoverable oil resources.
The Ghana National Petroleum Corporation (GNPC) is in the Central Region to court the support of interest groups in curbing an imminent danger as a result of fishing activities around the Saltpond Oil Fields decommissioning area.
There is no need for the OPEC+ group of oil producing nations to meet earlier than scheduled, the United Arab Emirates energy minister said on Monday, following Russia’s announcement at the end of last week it would unilaterally cut output.
According to the Minority, Mahama has successfully steered Ghana into the gas era with the completion of the biggest gas-to-power projects that have today eliminated the long LPG queues and given Ghana the cheap fuel needed to power our thermal plants.
Nigeria’s oil production grew by a meagre 28,000 barrels per day in January this year, compared to the over 55,000 bpd increase in December, 2022 a THISDAY review of data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has shown.
The Partner in charge of Energy and Natural Resources at the KPMG Professional Services, Mr. Ayo Salami, has said that the oil blocks recently advertised by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), should be attractive to investors.
The Managing Director of Bulk Oil Storage and Transportation Company (BOST), Edwin Alfred Provencal, has disclosed that about four cargoes of gasoline (petrol) and gasoil (diesel) under the government ‘Gold for oil’ programme are expected to arrive in the West African nation’s port in the next couple of days.
Earlier this month, the benchmark price for U.S. natural gas fell below $3 per million British thermal units for the first time in almost two years. Forecasts are that it will remain below $3 until at least the middle of the year.
Milder weather, the end of a supply outage in Norway, and expectations of stronger winds in northwest Europe sent on Monday European benchmark natural gas prices down by 4% to the lowest level since September 2021.
The first tanker loaded with Azeri crude left on Monday the Turkish port of Ceyhan, a week after the devastating earthquake in Turkey and Syria halted operations at the Ceyhan terminals.