Several African countries have been gradually boosting their oil and gas output over the last year, as demand for fossil fuels continues to rise.
Saudi oil giant Aramco has broken its own record with a US $48.4 billion (£29.8bn) profit for the second quarter of 2022.
Ecopetrol and American super-major Shell have struck gas at the Gorgon-2 appraisal well on the ultra-deepwater COL-5 block in the Colombian Caribbean, the NOC announced on Wednesday.
Organization of the Petroleum Exporting Countries (OPEC) on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia’s invasion of Ukraine, high inflation and efforts to contain the coronavirus pandemic.
Ghana Gas is set to construct a 290-kilometre gas pipeline in the country.
The Majority Chief Whip, Frank Annoh-Dompreh, made the revelation in a tweet on Thursday.
Kenya’s President Uhuru Kenyatta has commissioned the East African nation’s Sh40 billion (US$335,570,468.00) Kipevu Oil Terminal 2 in Mombasa.
Nigerian President Muhammadu Buhari reversed his earlier authorization of Seplat Energy Plc’s $1.28-billion purchase of Exxon Mobil Corp. assets and backed the energy regulator’s decision to reject the deal, according to a spokesman.
A Turkish ship sets off to drill for gas in the eastern Mediterranean – a move that risks inflaming regional tensions.
Warren Buffett’s company has now bought up more than $11 billion worth of Occidental Petroleum stock this year to give Berkshire Hathaway control of more than 20% of the oil producer
Hogan Lovells has announced that it has advised Barak Fund and TriLinc on an 8-year $425m facility with Genser Energy Ghana to fund gas midstream projects.