“The European energy sector right now is cracking at the seams. Without the contribution of UK oil and gas resources, that crack would be a gaping hole,” said OEUK Sustainability Director Mike Tholen.
While energy prices are still below their most recent highs, they’ve been ticking upward again more recently.
Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global economic slowdown and soften fuel demand.
Tesla CEO and world’s richest person Elon Musk on Monday backed additional efforts to drill for natural gas and oil in the short term, in line with his recent change in tune on the use of non-renewable sources like fossil fuels and nuclear energy.
Tullow Ghana has been recognised as the Most Transparent Shipper and Best Company in Local Content Delivery at the fifth edition of the Ghana Shippers Awards held over the weekend.
Oil prices rose 1 percent on Monday, as expectations OPEC will cut output if needed to support prices, conflict in Libya, and rising demand amid soaring natural gas prices in Europe helped offset a dire outlook for growth in the United States.
Western countries are trying to cut the amount of Russian oil and gas they import following the invasion of Ukraine in February.
Oil and gas exploration and production (E&P) firms globally could generate combined cash flows of a record $1.4 trillion this year, thanks to high prices in the ongoing readjustment in the energy markets, Deloitte said in a new report on Thursday.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says 17 marginal oil fields are currently producing out of 30 fields awarded since its inception in 1999.
The African Energy Chamber (AEC), the voice of the African energy sector, is honored to announce that Opoku Ahweneeh Danquah, CEO of the Ghana National Petroleum Corporation (GNPC), will be attending and participating as a keynote speaker at this year’s edition of the African Energy Week (AEW) (www.AECWeek.com) conference and exhibition, Africa’s premier event for the oil and gas sector which will take place from 18 – 21 October in Cape Town.