Guyana raised its crude oil production by an annual average of 98,000 barrels per day from 2020 to 2023, making the South American country the third fastest growing producer outside the Organization of the Petroleum Exporting Countries in the three-year period, the United States Energy Information Administration (EIA) reported Tuesday.
Portuguese energy firm Galp has signed an agreement with Abu Dhabi National Oil Company (ADNOC) for the sale of 10% stake in Area 4, offshore Mozambique.
Nigeria produced 159,158,191 barrels of crude oil in the first four months of 2024; data by the Nigerian Upstream Petroleum Regulatory Commission has shown.
Co-chair of the Ghana Extractive Industry Transparency Initiative (GHEITI), Dr Steve Manteaw, has called on the government to bring some predictability to the regulations governing the operations of companies in the oil sector.
Former Deputy Energy Minister John Abdulai Jinapor has revealed that investors in the petroleum sector are avoiding Ghana, perceiving it as a “hostile investment destination.”
osneft’s ROSN.MM Black Sea oil refinery in Tuapse resumed operations on Sunday after a drone attack on May 17, an industry source familiar with the plant’s work told Reuters.
TotalEnergies and partners Petronas and Sonangol have taken FID on the Kaminho oil project in Block 20/11 offshore Angola.
Muanda International Oil Company (MIOC), Perenco’s offshore DRC subsidiary, has made an oil discovery during its drilling campaign off the coast of the Democratic Republic of Congo (DRC), which is said to be the first offshore exploration success in the African country in nearly three decades.
Guyana has turned into a significant contributor to global crude oil supply growth in just a few short years.
Players in the Oil and Gas Industry say Artificial intelligence (AI), has the potential to revolutionise Africa’s oil and gas sector by driving innovation across various aspects of the industry.