It looks like the offshore oil and gas drilling market is in the early innings of an upcycle in investment and activity
West Texas Intermediate was down 0.7% near $88 a barrel, after earlier rising above $90.
Crude oil production in the United States stayed the same at 12.1 million bpd in the week ending July 29, according to the latest EIA data.
Tullow Ghana has concluded a 10-month long Supplier Finance Readiness Programme designed to provide selected suppliers impacted by the Covid-19 pandemic
A technical committee of the African Union – made up of energy ministers – has recently proposed an “African Common Position on Energy Access and Transition
It is immoral for oil and gas companies to be making record profits from this energy crisis on the backs of the poorest people and communities
Matthew Opoku Prempeh, has fired salvoes at the Minority in Parliament about their claim of a possible $7 billion judgement debt against Ghana
Oil slipped on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as OPEC+ producers meet this week to decide whether to increase supply.
Oil futures edged up less than 1% on Tuesday ahead of a meeting of OPEC+ producers this week that may not lead to a further boost in crude supply amid concerns a possible global recession could limit energy demand.
Eni said that the discovery follows the initial finding in a shallower zone of the same well, aggregating to a total gas in place of 2.5 – 3.5 tcf.