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.”
Global physical crude oil markets are weakening because of soft refinery demand and ample supply, traders and analysts told Reuters, in a move that could spell further weakness for benchmark crude futures.
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.
The Federal Government has announced the commencement of allocation of the 2024 oil block licensing round. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe, said the 2024 block licensing round would last for approximately nine months.
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.
John Mahama, the flagbearer of the National Democratic Congress (NDC), has vowed to revitalize the Tema Oil Refinery (TOR) if he is elected president in the upcoming December 7, 2024, general elections.
Crude oil production in Ghana declined for the fourth consecutive year in 2023.