Oil and Gas Development Company Limited (OGDC) has set a five year target to increase crude oil production by 68% to 60,384 barrels per day and natural gas sales by 46% to 1,167 million standard cubic feet per day by FY2030-31. APP quoting official documents reported that the company plans to raise crude oil production […]
Major OPEC+ nations agreed to keep oil production quotas unchanged next month, as conflict in the Middle East continues to shutter swaths of the group’s output. A sub-group of seven countries led by Saudi Arabia and Russia will keep targets steady in November, the coalition said in a statement following a monthly video conference […]
The Ghana National Petroleum Corporation (GNPC) is targeting a recovery in oil production, expanded gas commercialisation and increased exploration as it marks 40 years of operations. The Corporation outlined the priorities at its 3rd Annual General Meeting at the Labadi Beach Hotel in Accra. The meeting, held under the theme “40 Years of Resilience,” reviewed […]
New data from Statistics Canada shows Canada’s energy sector posted broad-based growth this spring, led by record crude oil production and stronger oil sands output as global demand and higher prices supported increased production.
Daily oil production at Ghana’s Jubilee field has climbed to about 95,000 barrels, up from a projected 68,000 barrels, after four new wells were drilled this year, according to the mid-year fiscal review Finance Minister Dr. Cassiel Ato Forson presented to Parliament on Thursday.
Oil production at Senegal’s Sangomar offshore field operated by Australia’s Woodside Energy Group reached 17.9 million barrels for the year by the end of June, the energy ministry said on Monday.
Seven OPEC+ members have agreed to increase collective oil production by 188,000 bpd in August, continuing the gradual rollback of voluntary production cuts while reaffirming their commitment to maintaining market stability.
The Minister of Energy and Green Transition, Dr John Jinapor, has recalled that when the Mahama administration assumed office in 2025, they inherited a power deficit, declining oil production, and weakened investor confidence.
Perenco has completed an enhanced oil recovery project at the Tchibouela East field offshore the Republic of the Congo.
The Public Interest and Accountability Committee (PIAC) has expressed concern over the continuous decline in Ghana’s crude oil production, warning that the country’s upstream petroleum sector risks collapse unless urgent steps are taken to reverse the trend. According to the committee, daily oil output has dropped significantly from over 120,000 barrels to less than 80,000 […]