Tullow Oil confirmed production was on track to hit the upper end of its guidance range on Monday, following a strong first half. The independent exploration and production firm said working interest oil and gas production in the six months to 30 June was 43,700 barrels of oil equivalent per day (boepd), while a surge […]
The Ghana National Petroleum Corporation (GNPC) says it has identified potential stranded resources of more than one billion barrels of oil and 2.5 trillion cubic feet of gas in the Tano Basin. The Corporation says the resources could help boost Ghana’s declining petroleum production if existing infrastructure is leveraged to develop them commercially. Senior Geomatic […]
The Trump administration announced Monday it would loan out 53.3 million barrels of oil from the country’s Strategic Petroleum Reserve to energy companies – an attempt to bring down skyrocketing oil prices as a result of the U.S. war with Iran.