It has now been just over a year since the Federal Government of Iraq imposed an embargo on oil exports from the country’s semi-autonomous region of Kurdistan.
Destroying all financial independence for the region, which is reliant on ongoing independent oil supplies, is one of the tools Baghdad has to erode Erbil’s autonomy.
The latest tactic of blaming international oil companies for the embargo still being in place is just another element.
Goldman Sachs analyst Neil Mehta notes Exxon Mobil’s projections, indicating higher-than-expected earnings.
Implied EPS for the quarter estimates at ~$2.15 vs. consensus closer to $2.06, showcasing positive outlook.
Oil prices closed in on the $90 a barrel mark on Wednesday after the Opec+ alliance decided to stick with crude supply cuts for the first half of the year.
More than a decade of advocacy by a broad coalition of Colorado conservationists, ranchers, local governments and recreationists paid off Wednesday when federal officials banned new oil and gas development on 347 square miles of public land for the next 20 years.
President Akufo-Addo has named Joseph Abuabu Dadzie the acting Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC), effective Thursday, May 2, 2024.
Brent and WTI are set to post a more than 4% gain this week
Newly elected President Bassirou Diomaye Faye has announced Senegal’s plans to conduct an audit of the oil, gas, and mining sectors.
Offshore energy infrastructure service provider Acteon Group has been bought by private equity investors Buckthorn Partners and One Equity Partners (OEP).
Energy Minister, Dr. Matthew Opoku Prempeh has reiterated Ghana’s quest for more gas supply to support power generation.
This, he says, remains his top most priority as part of efforts of ensuring power stability for industrial and residential use for Ghanaians.
Dr. Prempeh emphasized the need for more gas supply and hence the need for the operational efficacy of the West Africa Gas Pipeline (WAGP).
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