2026 production is expected to exceed 70,000 boe/day, with lower OpEx and GTA ramping up, supporting improved profitability.
The newly established African Energy Bank has launched with an initial USD 10-billion commitment to fund priority oil and gas projects in Nigeria, Angola and Libya, the African Petroleum Producers’ Organization (APPO) said on Thursday, in comments cited y local media.
Ghana’s petroleum revenues credited to the Petroleum Holding Fund (PHF) totaled $399.65 million in the second half of 2025. The figures were published on Monday, Feb. 2, in a semi-annual report covering the period from July 1 to Dec. 31, 2025, by the Bank of Ghana, the fund’s administrator.
The Government of Ghana has pledged its commitment to importing petroleum products from the Dangote Petroleum Refinery in Lagos, Nigeria.
In a market comment sent to Rigzone on Thursday, Mazen Salhab, Head of Market Research at MH Markets, highlighted that oil prices “remain elevated and volatile … as the market prices supply risk and demand uncertainty at the same time”.
OKEA ASA and its partners have discovered more hydrocarbon deposits in the producing Brage field on Norway’s side of the North Sea.
President Donald Trump warned Iran to make a nuclear deal with the US or face military strikes far worse than the attack he ordered last June, increasing pressure on the regime and propelling oil prices higher.
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 2.3 million barrels from the week ending January 16 to the week ending January 23.
Venezuela’s interim leader is playing to three different audiences with her plans for Venezuela’s oil sector: foreign investors, the Donald Trump administration, and her own socialist supporters. None of them is happy with it.
Ukraine is ready to halt strikes on energy infrastructure if Russia agrees to abide by a US proposal for a weeklong truce, President Volodymyr Zelenskiy said.