A report from the Public Interest and Accountability Committee’s Annual Report on the management and use of Petroleum revenues for the period of 2018 revealed about 99 percent of oil cash was usedfor the payment of school fees in respect of the government’s FreeSHS.
Saudi Arabian officials on Saturday stressed the need for more upstream investment to resolve oil market pressures, saying that the kingdom would add some oil production capacity but has limits.
Pickering Energy Partners (PEP) said Wednesday it is looking to acquire and develop Permian Basin oil and gas interests alongside public and private operators.
Over the past years, Russia has expressed heightened interest in exploring and producing oil and gas in Africa.
Iraq’s oil wealth is rekindling tensions between federal authorities and the autonomous Kurdish region, in a row that could compromise the lifeline industry and keep investors away, analysts say.
Big Oil majors in the United States have found themselves the target of much pressure to boost production lately, as prices go wild amid a tight—and tightening—market.
Oil giant, Tullow Oil, is expecting to rake in $200 million in free cash flow at an average oil price of $95 a barrel in 2022.
The Ghana National Petroleum Corporation (GNPC) has officially commenced the decommissioning of the Mr. Louie Platform in the Saltpond oil field.
Prasad went on to discuss Namibia’s potential to become an energy hub for the region in the coming years, with Shell having already drilled another wildcat 8km from the Graff discovery
As Tullow Oil works to execute its merger with Capricorn Energy, the company is focusing on growth projects.