The Overlord of Dagbon, Ya Naa Abukari Mahama II is upbeat about the massive facelift the Northern Region is about to witness as the Ghana National Petroleum Corporation (GNPC) inches closer to drilling an oil and gas exploration well in the Voltaian Basin next year.
The GOIL Company PLC, registered a net profit after tax of GHC123.89 million in 2022, up by 26% compared to the previous year, Reginald Daniel Laryea, chairman of the GOIL board of directors, has announced.
Nigeria produced the most crude oil, followed by Algeria and Angola. Nigeria, Angola, and Algeria have three of the ten largest crude oil fields in Africa in terms of production in 2022.
The UK government has announced new oil and gas tax changes, which it says are set to protect energy security and British jobs.
Kenya has expressed interest in strengthening bilateral relations with Angola across various fields including energy, agriculture and trade.
Angola’s Ministry of Energy and Water Angola has secured $900 million in loan from the Export-Import Bank of the United States (EXIM) to fund the rollout of two large-scale solar PV projects.
Nigeria’s downstream oil regulator has alleged ExxonMobil Corp was involved in the illegal lifting of petroleum products from an offshore terminal, according to a letter of complaint to the petroleum ministry seen by Reuters.
The oil and gas industry is a dynamic and ever-evolving sector that has seen a lot of changes in recent years.
The Chairman of the commission, Mohammed Shehu, in a statement in Abuja, said that the subsidy regime was not transparent.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its focus is to exceed the Organisation of Petroleum Exporting Countries (OPEC)’s oil production quota of 1.74 million barrels per day (bpd).