The African Energy Chamber (AEC) (www.EnergyChamber.org), serving as the voice of the African energy sector, recently conducted a working visit to Ghana, meeting with key institutions and stakeholders to discuss the state of play of the country’s oil and gas sector.
North Africa has become a key export outlet of Russia’s diesel and other petroleum products after the EU embargo on imports of Russian fuels took effect in early February.
The Chamber of Petroleum Consumers (COPEC) is projecting a marginal 4.36% increase in prices of Liquified Petroleum Gas from Wednesday 1 March 2023.
A cargo of Russian oil is heading for storage tanks in Ghana, a nation that exports crude itself and is on the doorstep of two regional supply powerhouses.
Artificial Intelligence (AI) has already begun saving oil and gas companies millions of dollars a year by improving operational efficiency, the Al-Attiyah Foundation has stated in its latest Energy Industry report.
Nigeria’s gas export dropped to one million tonnes in January, representing 35 per cent decline year on year, and lower than export volumes by Algeria.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the awarded marginal fields will increase oil production by about 58,000 barrels per day (bpd).
The federal government has identified new oil fields capable of delivering about 681,000 barrels of crude oil per day and 1.52 billion standard cubic feet of gas daily.
Vice president, Dr Bharrat Jagdeo, who is in India on an official visit, has disclosed that a memorandum of understanding between Guyana and the South Asia country, to boost cooperation in the oil and gas sector is likely to be signed.
On 15 February Nicola Sturgeon announced she would step down as Scotland’s first minister after eight years in the role. The move, which surprised many, opens up questions over what policy changes could come after Sturgeon – including on net zero.