Reconnaissance Energy Africa Ltd. and its joint venture partner NAMCOR (the state oil company of Namibia), announced the spudding of the Naingopo exploration well on Petroleum Exploration Licence 73 (“PEL 73”), onshore northeast Namibia.
When Ghana discovered oil in 2007, some observers predicted the “Dutch Disease” as the variant of the resource curse awaiting the country.
The total number of active drilling rigs for oil and gas in the United States rose this week, pressing pause on a declining rig pattern, according to new data that Baker Hughes published on Friday.
The world’s top crude exporter, Saudi Arabia, shipped the lowest volumes of oil in June for ten months as Saudi domestic consumption grew and Russia continued to take market share from the Kingdom in key Asian export destinations.
Kazakhstan plans by September 2025 to offset gradually the excess volumes of oil produced in the first half of the year under the OPEC+ deal, the country’s Energy Ministry said.
In the ever-evolving landscape of global energy, the oil and gas industry stands as a cornerstone, affecting everything from the oil and natural gas corporation share price to global geopolitics. Despite the rise of renewable energy sources, oil and gas remain critical to meeting the world’s energy demands, driving the need for continuous drilling, refining, and innovation. As prices fluctuate and the push for sustainability intensifies, the industry faces challenges and opportunities in equal measure. This foundational sector not only fuels vehicles and powers industries but also significantly impacts economies and the labor market, offering numerous oil and gas jobs worldwide.
Oil prices slid on Monday after rising for four weeks, as the prospect of a ceasefire deal in Gaza eased geopolitical tensions in the Middle East, while investors assessed potential disruption to U.S. energy supplies from Tropical Storm Beryl.
Opec+ crude output by members subject to cuts fell for a third straight month in June, as lower Russian production offset rises from some serial overproducers.
This comprehensive software suite, generously donated by PE Limited (PETEX), represents a substantial addition to TTU’s advanced technology-driven research and training facilities.
Tullow Ghana Limited (“TGL”) has announced key changes to its leadership team.
After four years as managing director in Ghana, Wissam Al-Monthiry, will be leaving the company at the end of July 2024, to pursue a new career opportunity.