Ghana is gearing up to host the highly anticipated Africa Oil Week (AOW): Investing in African Energy 2025 summit, an event set to redefine the energy future of the country and the broader West African region.
This was captured in the latest Petroleum Investment Report.
These are funds that Ghana has invested from crude oil export revenue, taxes paid by firms operating in Ghana’s oil area, and rental charges to the state since 2010.
OPEC+ stuck to the script at Monday’s Joint Ministerial Monitoring Committee (JMMC) meeting, offering no changes to current output policy and little surprise for market watchers. The virtual meeting—its 61st—reviewed production data from May and June and confirmed what most already suspected: while the group remains on track with its broad plans, not every member is keeping pace.
We are still in the early innings of the ongoing earnings season, with only a third of S&P 500 companies having returned their second quarter scorecards. According to FactSet, blended earnings growth rate for the S&P 500 is clocking in at 6.4% Y/Y, the lowest clip in six quarters.
The European Union’s promise to buy $750 billion of American energy imports over three years was pivotal to securing a trade deal with President Donald Trump, but it’s a pledge it will struggle to keep.
This milestone represents the largest standalone project financing ever, and the second largest project financing after the combined financings of Venture Global’s Plaquemines LNG.
Weatherford has been awarded a significant contract to deliver Managed Pressure Drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico operated by Woodside Petróleo Operaciones de México, S. de R.L. de C.V.
Enterprise Products Partners LP, one of the largest pipeline operators in the Permian basin, sees oil production in the region holding up this year despite an expected drop in crude prices.
BW Energy, together with NAMCOR E&P, has contracted Odfjell’s Deepsea Mira semisubmersible rig for the drilling of the Kharas appraisal well on the Kudu license (PPL003) offshore Namibia in the Orange Basin, scheduled for the second half of 2025.
Oil traded slightly lower on Friday as traders weighed trade talk optimism and the potential of more oil supply from Venezuela.