Saudi oil giant Aramco has broken its own record with a US $48.4 billion (£29.8bn) profit for the second quarter of 2022.
An energy analyst, Dr Abdulai Darimani, has urged Africa countries tore-examine their policy regime regarding the extraction of naturalresources, especially fossil fuel.
Ecopetrol and American super-major Shell have struck gas at the Gorgon-2 appraisal well on the ultra-deepwater COL-5 block in the Colombian Caribbean, the NOC announced on Wednesday.
Organization of the Petroleum Exporting Countries (OPEC) on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia’s invasion of Ukraine, high inflation and efforts to contain the coronavirus pandemic.
Ghana Gas is set to construct a 290-kilometre gas pipeline in the country.
The Majority Chief Whip, Frank Annoh-Dompreh, made the revelation in a tweet on Thursday.
Kenya’s President Uhuru Kenyatta has commissioned the East African nation’s Sh40 billion (US$335,570,468.00) Kipevu Oil Terminal 2 in Mombasa.
Nigerian President Muhammadu Buhari reversed his earlier authorization of Seplat Energy Plc’s $1.28-billion purchase of Exxon Mobil Corp. assets and backed the energy regulator’s decision to reject the deal, according to a spokesman.
A Turkish ship sets off to drill for gas in the eastern Mediterranean – a move that risks inflaming regional tensions.
Warren Buffett’s company has now bought up more than $11 billion worth of Occidental Petroleum stock this year to give Berkshire Hathaway control of more than 20% of the oil producer
Hogan Lovells has announced that it has advised Barak Fund and TriLinc on an 8-year $425m facility with Genser Energy Ghana to fund gas midstream projects.