Green Energy International Limited (GEIL), an indigenous company operating the Otakikpo marginal field in Oil Mining Lease (OML) 11, will expand oil production to 25,000 barrels per day next year.
The Ghanaian government on Thursday announced its plans to buy oil products with gold rather than the United States’ dollar reserves
Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that Nigeria needs to spend $410 billion above usual to deliver its energy transition plan by 2060, more than N10 billion yearly.
The Deputy Energy Minister, Dr Mohammed Amin Adam, says government is ready to implement its gold-for-oil barter deal
Oil Minister of Libya’s Government of National Unity, Mohamed Aoun, held talks on Friday with the French Ambassador in Libya, Mustafa Maharaj, and his accompanying delegation
Japan’s industry ministry has come out with a draft action plan that would mark a clear departure from the nuclear power policy the government has taken since the 2011 Fukushima nuclear accident
Various parties to the Tema LNG Project have agreed on an amendment to the Commercial Agreements, which effectively frees the national oil agreement from its earlier commitment to be paying for regasified liquefied natural gas now, even at volumes significantly reduced in 2019.
The government has announced plans to review tax exemptions for mining and oil and gas companies in Ghana after the Minister for Finance presented the 2023 Budget and Economic Statement in Parliament on Thursday (24 November).
The Institute of Economic Affairs is forecasting an increase in the Policy Rate (PR) by 200 basis points to 26.5% when the Governor of the Bank of Ghana announced developments in the Ghanaian economy on Monday November 28, 2022.
Nigeria has posted strong oil profits, with high hopes to continue expanding its fossil fuel industry as oil majors look to Africa to boost their low-carbon operations.