A report from the Public Interest and Accountability Committee’s Annual Report on the management and use of Petroleum revenues for the period of 2018 revealed about 99 percent of oil cash was usedfor the payment of school fees in respect of the government’s FreeSHS.
Saudi Arabian officials on Saturday stressed the need for more upstream investment to resolve oil market pressures, saying that the kingdom would add some oil production capacity but has limits.
Indonesia’s oil and gas lifting in the first half was below expectations due to disruption in some facilities and delayed projects, putting it on course to miss full-year 2022 targets, officials at upstream regulator SKK Migas said on Friday.
Pickering Energy Partners (PEP) said Wednesday it is looking to acquire and develop Permian Basin oil and gas interests alongside public and private operators.
Over the past years, Russia has expressed heightened interest in exploring and producing oil and gas in Africa.
Oil futures have undergone immense battering recently as fears of a recession come into full force.
Iraq’s oil wealth is rekindling tensions between federal authorities and the autonomous Kurdish region, in a row that could compromise the lifeline industry and keep investors away, analysts say.
Big Oil majors in the United States have found themselves the target of much pressure to boost production lately, as prices go wild amid a tight—and tightening—market.
A seven-member Supreme Court panel presided over by Chief Justice, Anin Yeboah will on Wednesday 9 November 2022, deliver its judgement in the case challenging the constitutionality of Section 10 subsection 15 of the Petroleum (Exploration and Production) Act, 2016 (Act 919).
Oil giant, Tullow Oil, is expecting to rake in $200 million in free cash flow at an average oil price of $95 a barrel in 2022.