Traders expect the Federal Reserve to end its rate hikes in two months, which could push oil prices higher due to the generally inverse relationship between rates and oil prices.
Ghana bagged $696.815 million from oil lifting, corporate tax and other income in the second-half of 2022, the Ghana Petroleum Funds report has disclosed.
Tullow Oil has issued the a statement in advance of the Group’s 2022 Full Year Results scheduled for 8 March 2023.
An oil and gas producer based on the Texas side of the Permian Basin looked to capitalize on growth in the New Mexico portion of the region, looking to buy lands in the southeast corner of the state.
PITTSBURGH — Diversified Energy Company, the largest owner of oil and gas wells in the country, might abandon up to 70,000 oil and gas wells throughout Appalachia without plugging them, according to a new report.
With over 125 billion barrels of crude oil reserves and 620 trillion cubic feet of natural gas – estimates that are expected to further increase as multi-year exploration campaigns yield new discoveries – Africa is well-positioned to usher in long-term and sustainable economic growth on the back of hydrocarbon development.
The government of Uganda has approved construction of a crude pipeline project worth US $3.5bn. The country’s cabinet approved the application to construct the pipeline by the East African Crude Oil Pipeline Company Ltd (EACOP).
The Chamber of Petroleum Consumers, Ghana (COPEC) says the price of petroleum products may see a decline if the oil secured by government is distributed this week.
Over the past three years, the majority of U.S. energy companies have avoided spending big to expand production in the aftermath of the 2020 oil crisis, prioritising returning more cash to shareholders in the form of dividends and share buybacks.
The National Energy Crisis Committee (NECOM) has today, 21 January 2023, released a six-month progress update on implementation of the Energy Action Plan.