Slowing global oil demand growth and dissent over crude production policies could lead to a break-up of the OPEC+ alliance, which would send oil prices tumbling to as low as $35 per barrel, a portfolio manager at investing group Clean Energy Transition said on Thursday.
For years, OPEC has warned that not enough is being invested in future oil and gas production on a global scale. For years activists have been calling for an end to even that reduced investment.
The near collapse of Venezuela’s once colossal oil industry under the weight of endemic corruption‚ and strict U.S. sanctions, along with Mexico’s sputtering mature oil fields, saw Latin America’s economically crucial hydrocarbon sector fall into decline.
British Gas has posted record profits, fuelled by Ofgem’s lucrative allowances in the energy price cap, with the household energy giant reporting a near ten-fold increase in its earnings.
Ghana has recorded a total of US$540 million in petroleum receipts during the first half of 2023, as reported by the Petroleum Holding Fund report released by the Bank of Ghana, which provides insights into the Fund’s performance.
Tiny South American country Guyana, which has a population of less than one million, recently emerged as the world’s hottest offshore frontier drilling location.
The world’s oil demand jumped by more than 3 million barrels per day (bpd) in May compared to April, nearing the record demand level seen in March this year, the latest data by the Joint Organizations Data Initiative (JODI) showed on Monday.
Yinson Ghana, in collaboration with Ahanta West Directorate of Education, is honoured to introduce the ‘Yinson Girls Education Programme’, which was recently launched at St Mary’s Senior High Secondary School in Apowa, near Takoradi.
The Chief Executive Officer and staff of Consolidated Shipping Agencies Limited (CONSHIP) fed over 1,000 homeless children in some parts of Accra as part of the just ended Easter festivities.
As part of its corporate social responsibility (CSR), Rigworld Solutions has made a generous donation of school supplies to New Life Orphanage Home in Nungua. The support package includes quality textbooks, stationery, colour pencils, pencils, mathematical sets, note and exercise books, mattresses and other essential supplies that will benefit dozens of children.