South Korea asked for Azerbaijan’s support Wednesday for its companies seeking to take part in major energy and other industry projects in the European nation, the industry ministry said.
The Multi-Stakeholder Group (MSG) of the Ghana Extractive Industries Transparency Initiative (GHEITI) has today, formally launched the country’s 2020 Mining and Oil/Gas EITI reports, published on December 31, 2022.
An Ad-hoc Committee that was set up by the House of Representatives to investigate the alleged loss of over $2.4bn in revenue from the illegal sale of 48 million barrels of Crude Oil in 2015 including crude oil exports from 2014 to date has cleared the Nigerian National Petroleum Company Ltd of any wrongdoing.
U.S. crude oil production could gain 720,000 barrels daily this year, up from a previously forecast growth rate of 640,000 bpd, according to the latest edition of the Energy Information Administration’s Short-Term Energy Outlook.
Oil prices will not average more than $80 per barrel in the second half of this year, despite the most recent production cut announced by Saudi Arabia, the U.S. Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook (STEO) released this week.
Russian crude oil export data in recent weeks have not reflected any cuts and OPEC+ allies are increasingly frustrated with its non-compliance
The Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has proposed an upfront payment mechanism for surface rentals in a bid to curb rising defaults by oil companies.
The Ghana National Petroleum Corporation (GNPC) has commenced exploring for potential hydrocarbons in the Northern and Savannah Regions, in what could be the country’s first onshore production.
The upstream oil and gas sector in Ghana contributed 3.7% to the Gross Domestic Product (GDP) of Ghana in 2020.
After Exxon’s string of high-quality oil discoveries in offshore Guyana delivered more than 11 billion barrels of oil resources South America started garnering considerable attention from energy investors.