According to Rystad Energy analysis, global recoverable oil now totals an estimated 1,572 billion barrels. Global recoverable oil reserves fell by 152 billion barrels compared to 2021.
The world’s largest crude oil exporter, Saudi Arabia, continues to keep close ties with Russia while the top oil consumer, the United States, pleads with major producers
A member of the Mines and Energy Committee of Parliament, Edward Bawa, claims the Ghana National Petroleum Corporation (GNPC) is planning to hire a consultancy firm to undertake the decommissioning of the Saltpond Field.
According to BP’s latest annual statistical review of world energy, the top oil producer in the world in 2021 was the United States with an output of 16.58 million barrels per day.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has expressed concerns about the country’s production capacity, citing cases of deliberate shut of oil wells and pipelines by operators who are trying to deal with theft.
The Ghana National Petroleum Corporation (GNPC) has described as inaccurate assertions by the Institute for Energy Policies and Research (INSTEPR) suggesting that Ghana may incur a judgment debt and oil spillage over stalled Saltpong rig decommission.
Implied gasoline demand dropped, gasoline stockpiles rose: EIAWTI erases intraday gains, falling 1.8% to settle under $110
The GNPC has assured Aker Energy of its full and unflinching support for the project and oil company’s leadership as the operator to achieving first oil by 2025
Prices of petroleum products are expected to witness some mixed reviews at the pump stations from this weekend
The Public Interest and Accountability Committee (PIAC) noted in2019, that the Ministry of Finance, Tema Oil Refinery, Bulk OilStorage Transport, and Ghana Gas owed the Ghana NationalPetroleum Commission GH¢1,318,393,339.