Earlier this week, oil prices plunged to 2022 lows as energy markets panicked about demand amid COVID chaos in China that has resulted in an unexpected and extraordinary manifestation of street protests and even calls for Chinese President Xi Jinping to step down.
Upstream investment in Russia’s oil and gas sector is set to plunge 30 per cent to $35 billion this year amid sanctions and a mass departure of foreign companies, Rystad Energy said in a report on Thursday.
The overall number of contracts in the oil and gas industry declined by 7% in Q3 2022, decreasing from 1,662 in the previous quarter to 1,542 in the current one, GlobalData, a data and analytics company, has said.
(WO) — Government and industry gathered on Nov. 30 to discuss energy security, the energy transition to net zero and challenges to maintaining investment in the North Sea during a forum hosted by industry regulator the North Sea Transition Authority (NSTA).
Upcoming sanctions on Russian oil are set to be “really disruptive” for energy markets if European nations fail to set a cap on prices, analysts warned.
The government has announced plans to review tax exemptions for mining and oil and gas companies in Ghana after the Minister for Finance presented the 2023 Budget and Economic Statement in Parliament on Thursday (24 November).
The Institute of Economic Affairs is forecasting an increase in the Policy Rate (PR) by 200 basis points to 26.5% when the Governor of the Bank of Ghana announced developments in the Ghanaian economy on Monday November 28, 2022.
As part of its exploration efforts, Ghana National Petroleum Corporation (GNPC) has acquired and processed over 3,800-Iine km of 2D seismic data from Phase 1 to 3 of the Voltaian Basin Project, the Chief Executive Officer (CEO) of GNPC, Opoku-Ahweneeh Danquah, has revealed
As Europe races ahead with its hydrogen plans, many other parts of the world are looking to develop their own hydrogen markets. But IRENA warns that the expansion of the hydrogen market must be carried out strategically to ensure it supports the transition away from fossil fuels to renewable alternatives.
Crude oil prices fell today, even after the U.S. Energy Information Administration reported inventories of oil had shed 3.7 million barrels over the week to November 18.