Tullow Oil says it will continue operations in Africa despite plans by other operators to shift from the continent.
The Group of Seven urged OPEC to pump more oil, even as it made new pledges to try to fight climate change.
The current market situation was attributed to a disruption in supply following moves to ban Russian oil by the European Union
Tanzania petroleum regulators insist that there is no operational contract signed between the government and Petrodel which claims to own the three blocks.
The “Scaling-up renewable energy Programme (SREP),” is to close Ghana’s 12.8 percent electricity reach deficit by increasing access to clean and reliable energy and support socioeconomic development.
Analysts said the inventory draw and the prospect of an EU embargo on Russian oil were pushing prices higher
Petroleum revenue contribution to the national budget over the last 10 years has been estimated at US$2.6billion,
Irish-listed oil and gas explorer Tullow Oil expects to maintain 2022 production at 59,000 to 65,000 barrels of oil per day as it concentrates on assets in Ghana.
The upstream petroleum industry in Ghana was energised with the commercial discovery of oil in the Jubilee Field in 2007.
Kuwait plans to start building the world’s largest petroleum research centre by the end of the year