Management of the Tema Oil Refinery (TOR) has announced that the Ministry of Energy (MoE) has permitted the Oil Company to negotiate a lease agreement to refine crude oil with a private investor, Decimal Capital Ltd
Kudus Mohammed, says Ghana currently has a one month supply of crude oil in storage capacity.
Chevron Chief Executive Michael Wirth on Tuesday rebutted White House officials’ criticism of the oil industry over energy costs, saying reducing fuel prices will require “a change in approach” by the government.
Representing the voice of the African energy sector, the African Energy Chamber (AEC) has become an invaluable advocate for Africa’s oil and gas industry at a time when global stakeholders are calling for the immediate end to fossil fuel utilization.
TotalEnergies SE in February said it had made a “significant” oil discovery off the coast of Namibia, three weeks after Shell Plc announced a find off the southwest African nation.
Libya was thrust back into the spotlight last week when it announced that it is pumping a million fewer barrels of oil than it did last year.
Eni SPA, upstream operator of Area 4 offshore Mozambique, has introduced natural gas from the 16-tcf Coral South reservoir to the 3.4-million tonne/year Coral Sul floating LNG (FLNG) plant.
Oil and gas producers in the Utica and Marcellus shale plays are expected to boost output in July, according to the latest report from the U.S. Energy Information Administration.
The United States is calling on all oil and gas producers, including the OPEC club of the largest oil exporters, to increase their output to rein in soaring gasoline prices, the US secretary of energy said on Sunday.
Oil prices edged down on Monday, reversing earlier gains, as concerns about slowing global economic growth and fuel demand offset worries about tightening supplies.