The Ghana Upstream Petroleum Chamber is calling on the government to reconsider the Growth and Sustainability Bill which seeks to impose a one per cent tax on gross production for oil and gas companies.
The Ghana Upstream Petroleum Chamber is warning that the proposed Growth and Sustainability Levy by government could trigger litigation through the international court as it breaches provisions in the petroleum agreements.
The proposed Growth and Sustainability Levy has the potential to dampen investments into oil and gas exploration and trigger litigations, if approved, the Ghana Upstream Petroleum Chamber, has warned
Government agencies are on alert for a potential oil spill from the floating storage and offloading (FSO) vessel deployed on US supermajor Chevron’s Benchamas field offshore Thailand following an onboard accident that left one worker dead.
State-owned Kuwait Oil Company has declared what it calls a state of emergency following an onshore oil spill incident in the country’s western region.
Oil rose on Tuesday, extending a recovery from a 15-month low hit the previous day, as the rescue of Credit Suisse eased worries about global banking sector risks that could hit economic growth and reduce fuel demand.
Oil prices firmed on Friday (17 March) after a meeting between Saudi Arabia and Russia calmed markets amid strong China demand expectations, but were headed for their biggest weekly falls since December as a banking crisis rocked global financial and oil markets.
Last year, the electric vehicle sector crossed a global milestone, with one out of ten vehicles sold being electric for the first time ever.
The Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to organise the 4th edition of the Nigerian Oil and Gas Opportunity Fair (NOGOF).
Oil is coming off its worst weekly rout since April 2020 as the turmoil in the banking sector fuels further concern that the global economy will tip into recession and hit demand, adding to a woeful first quarter for West Texas Intermediate and Brent futures.