The implementation of new government policies designed to stabilize Ghana’s currency is having unintended
consequences for many locally-owned oil distribution companies, according to Dr. Patrick Kwaku Ofori.
The CEO of the Chamber of Bulk Oil Distributors (CBOD) says its members are not opposed to the government’s Gold for Oil policy but rather take issue with its skewed implementation.
CALGARY, AB / ACCESSWIRE / May 14, 2024 / Touchstone Exploration Inc. (“Touchstone”, “we”, “our” or the “Company”) (TSX:TXP)(LSE:TXP) reports its financial and operating results for the three months ended March 31, 2024 and provides an operational update.
Norway-based cleantech service provider Soiltech has landed a new contract with UK-headquartered oil and gas company Tullow Oil for operations off the coast of Mauritania.
Deme’s offshore energy business reported Q1 turnover of €390m compared with €279m in Q1 2023.
The offshore energy top line grew 40% year-over-year driven by efficient project execution and helped by a favourable comparison base for the first quarter of last year, Deme state.
In the world of energy production, power is not just a component; it’s the cornerstone that propels every facet of the industry forward. From the depths of drilling and extraction to the complexities of processing and distribution, it is the uninterrupted flow of power that ensures operations run smoothly and efficiently. A disruption in this flow doesn’t merely pause operations; it halts the entire lifecycle of energy production and its revenue streams.
Shares of Schlumberger Limited (NYSE:SLB – Get Free Report) have been given an average rating of “Moderate Buy” by the eighteen research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $68.72.
The Nigerian Upstream Petroleum Regulatory Commission has announced the commencement of the bidding process for 12 oil blocks recently listed for sale.
The Media Foundation for West Africa (MFWA) is set to challenge the Presidency’s refusal to release the complete KPMG audit report on the controversial Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited (SML) contract.
BINTULU, Malaysia — In the open sea off the coast of Malaysian Borneo, industrial rigs extract massive amounts of oil and gas that fuel the economy of Malaysia.