The Public Interest and Accountability Committee (PIAC) in collaboration with its partners – Kwame Nkrumah University of Science and Technology (KNUST), Ministry of Energy (MoEn), Ghana National Petroleum Corporation (GNPC), Petroleum Commission (PC) and Ghana National Gas Limited Company (GNGLC), is hosting a 2-day technical consultative workshop on16th and 17th October 2024 in Accra.
The U.S. broadened the scope of its sanctions on Iran’s oil and gas sectors in response to a ballistic-missile attack on Israel, ramping up economic pressure on Tehran ahead of Israeli retaliation that’s expected any day.
Crude oil inventories in the US rose by 10.9 million bbl during the week ended 4 October, data from the API showed. The body, the largest US trade association for the oil and gas industry, reported that gasoline inventories fell by 557 000 bbl.
In recent months, Iranian President Masoud Pezeshkian, along with his deputies and other officials, have been frequently addressing the nation about the ongoing gasoline crisis and the country’s excessive fuel consumption. These repeated appearances seem to signal a coordinated effort to prepare the public for an imminent increase in gasoline prices.
The federal government at the weekend said it was eyeing the production of an additional 40,000 barrels per day to boost the country’s current output from the ongoing Floating Production Storage and Offloading (FPSO) facility in Lagos.
Shelf Drilling Ltd has announced new contracts for two jack-up rigs in Nigeria. The planned start-up of operations is October 2024, and the contract also includes an option for up to two years at rates to be mutually agreed.
A new energy mix with a high renewables component would hold massive advantages for people in Africa – and the economics mean it is likely to be implemented sooner, rather than later.
Oil marketers on Sunday, confirmed that the Nigerian National Petroleum Company Limited (NNPC) had started refunding the N15 billion owed its members by the national oil company.
AOW – Investing in African Energy, the continent’s premier energy event, is charting a new course, announcing its move to Accra, Ghana, for its 2025 edition.
Iran was the fourth-largest crude oil producer in OPEC in 2023 and the third-largest dry natural gas producer in the world in 2022.1 It holds some of the world’s largest deposits of proved oil and natural gas reserves, ranking as the world’s third-largest oil and second-largest natural gas reserve holder in 2023.