Lukoil has accepted an offer from Switzerland’s Gunvor Group to buy its international assets through the acquisition of Lukoil International, the Russian oil company said on Thursday. The parties have agreed on key terms and Lukoil has committed not to negotiate with other potential buyers. Gunvor must obtain OFAC permission and other required licences in relevant […]
Italy’s Eni has signed a reconnaissance permit agreement with the Petroleum Directorate of Sierra Leone to advance offshore technical studies, the PDSL said on Friday.
The Petroleum Commission has engaged Enterprise Singapore, the government agency responsible for driving Singapore’s external economy, to explore new investment opportunities in Ghana’s upstream petroleum sector. The meeting chaired by the Acting Deputy Chief Executive Officer of the Commission, Mr. Nasir Alfa Mohammed, brought together senior officials from both organisations.
Ghana’s oil production has been on a steady decline since peaking in 2019, raising serious concerns about the country’s future petroleum revenue and energy sustainability, according to the Head of the Public Interest and Accountability Committee (PIAC) Secretariat, Isaac Dwamena.
Odeefuo Amoakwa Buadu VIII said Ghana’s total crude production since the beginning of commercial oil production has now reached 675.1 million barrels. However, he expressed concern that the country’s output has been falling steadily since its highest level of 71.4 million barrels recorded in 2019.
Ghana’s President, H.E. John Dramani Mahama, on Tuesday officially opened the Africa Oil Week (AOW) 2025 in Accra, pledging the government’s full support to make the event grow even bigger.
The government is ready to roll out the “red carpet” to any investor prepared to drill and pump crude, President John Mahama said at the Africa CEO Forum in Abidjan, Ivory Coast’s commercial capital, on Tuesday.
The CEO of the Upstream Petroleum Chamber, David Ampofo, accompanied by Ops Advisor, Dr Kwame Boakye-Agyei has called on the Commissioner General(CG) of the GRA, Mr. Anthony Kwasi Sarpong. Mr Ampofo congratulated the CG on his new appointment and said the industry was looking forward to his support. There have been several high profile tax […]
This increase comes as the market prepares for a week that includes a U.S. presidential election and a significant meeting in China, News.Az reports, citing Reuters.
The Ghana Upstream Petroleum Chamber held its annual Ghana Oil and Gas Conference recently. We spoke to its CEO, David Ampofo about the conference.