Tag: Oil
Sinopec creates record by drilling 8,725 meters deep oil, gas field
China Petrochemical Corporation (Sinopec) announced that its Shunbei oil and gas field created a record for the deepest onshore directional well drilling in Asia,...
Oil prices drop slightly as demand worries persist
Oil prices fell modestly on Tuesday as soaring COVID-19 cases continued to stoke fears over weaker demand for the crude.
The West...
Ghana adds GHS 16.9 billion to debt stock in 2020 1st quarter
New figures released by the Bank of Ghana show that the country’s debt stock increased by 16.9 billion cedis in the first quarter of...
Oil prices gain amid output cuts
Oil prices rose on Monday as market sentiment was boosted by output cuts from major oil producers.
The West Texas Intermediate for...
It’s Time Africans Sanitize Our Minds and Not Only Our Hands
The only continent with Rich mineral elements such as gold, diamond, manganese,oil, cocoa, ivory timber etc,yet instead of Africa progressing,we are rather retrogressing. We...
Civil Society caution Ministry of Finance over Heritage Fund
The Civil Society Platform on Oil and Gas (CSPOG) has raised concerns over the Finance Minister's request for Parliament to amend the Petroleum Revenue...
Lebanon extends oil and gas licensing deadline amid COVID-19 outbreak
Lebanon extended the deadline for submitting offers for the country's second licensing round for offshore oil and gas exploration in five blocks from April...
Oil and gas production not affected by COVID-19 – Iran
Iran's Ministry of Petroleum announced Wednesday that the outbreak of COVID-19 in the country since two weeks ago has not affected Iran's oil and...
Oil prices fall as demand worries persist
Oil prices declined on Wednesday, as worries of weaker crude demand continued to weigh on the market.
The West Texas Intermediate for...
Belarus, Russia sign protocol on compensation for polluted oil
Belarus has signed a protocol with Russia on compensation for polluted oil, Vladimir Sizov, deputy chairman of the Belarusian state petrochemical concern Belneftekhim, said...
GOIL honours former Group CEO
The GOIL Company Limited has honoured its former Group Chief Executive Officer Mr Patrick Akpe Kwame Akorli for prudent management of the fortunes of...
Trump administration proposes selling US$15 million barrels of oil from strategic petroleum reserve
The Trump administration has proposed selling 15 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR), according to the White House...
Oil prices drop on demand concerns
Oil prices dropped on Monday over concerns that the coronavirus outbreak could potentially weigh on crude demand.
The West Texas Intermediate (WTI)...
Angolan commercial banks purchase forex directly from oil, gas firms
Angolan commercial banks purchased 277.7 million U.S. dollars and 95,000 euros from oil and gas firms in January, after the country's central bank, BNA,...
Oil prices settle mixed as traders await OPEC+ decision
Oil prices settled mixed on Thursday as market participants awaited a key decision from the world's major producers on whether they would deepen output...
ReconAfrica to explore for oil in Namibia
Reconnaissance Energy (ReconAfrica) Africa, a London-Based oil and gas company, is set to explore for oil in Namibia, the company said on Wednesday.
...
Oil prices see biggest monthly loss since May amid demand pessimism
Oil prices fell for the week ending Jan. 31 with the price of West Texas Intermediate (WTI) for March delivery down 4.85 percent and...
Ghana steps up efforts to include marginalized groups in the oil and gas sector
The Ghanaian government has increased its efforts to ensure the f persons living disabilities (PWDs) and women also take advantage of opportunities in the...
Oil, gas expert lauds Ghana for instituting heritage fund
An oil and gas expert, Steve Manteaw, has lauded the government of Ghana for ensuring that the nation keeps part of her monies from...
Oil firm vows to support Ghana’s free secondary education policy
International oil firm Tullow Oil said it would help push Ghana's free secondary education program to succeed.
Speaking to the media on...
ILAPI to organize Ghana beyond aid dialogue
Making Ghana Great by reducing aid dependency had led to the Ghana Beyond Aid mantra, denoting the country’s potentiality to take ownership of development....
NPP Is Eventually Transforming Ghana’s Education into Oil Rice
The goal of true education is to teach one to think intensively and critically with the aim of building intelligence and character. This makes...
Players in Oil and Gas Industry Seeks Presidents intervention
Dear Mr President ,we call on your good offices to sack Dr Ben Asante , The Chief Executive of Ghana Gas Company Limited.
Mr President...
Eni Announces Massive Discovery of Oil in Offshore Angola
Eni announces a major oil discovery in Block 15/06, in the Agogo exploration prospect, in Angola’s deep water. The new discovery is estimated to...
Oil Production Resumes in South Sudan’s Northern Parts
South Sudan has resumed oil production in the northern Unity region after disruption by a five-year old conflict which damaged oil wells.
Ezekiel Lol...
Energy experts to unlock energy & business opportunities across African continent
The Africa Energy Indaba is the continent’s premier energy conference and exhibition: bringing together leading African and global energy players to unlock energy and...
Madagascar: Bidding round to drive new business opportunities for exploration companies in Africa
The Government of Madagascar has announced the opening of the Madagascar bidding round at Africa Oil Week
The bidding round continues to highlight...
Zambian government urged to provide update on oil, gas explorations
The Zambian government has been challenged to provide an update on ongoing oil and gas explorations by a British firm, a local think-tank said...
Stanbic Bank Uganda, China’s ICBC woo investors as oil and gas sector takes shape
Top executives of Stanbic Bank Uganda and the Industrial and Commercial Bank of China (ICBC) have urged Chinese state and private enterprises to take...
Nigeria and Oil: Looking beyond price collapse towards post recovery savings – Part 1
By Austin Okere
The recurrent mistake we keep making as a Nation is failing to anticipate and plan for our oil windfalls. There have been...