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Sinopec creates record by drilling 8,725 meters deep oil, gas field

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China Petrochemical Corporation (Sinopec) announced that its Shunbei oil and gas field created a record for the deepest onshore directional well drilling in Asia,...
petroleum revenue

Oil prices drop slightly as demand worries persist

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Oil prices fell modestly on Tuesday as soaring COVID-19 cases continued to stoke fears over weaker demand for the crude. The West...
Bank of Ghana

Ghana adds GHS 16.9 billion to debt stock in 2020 1st quarter

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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...
A sign displays gas prices at a gas station in the Brooklyn borough of New York, the United States, on April 20, 2020. U.S. oil prices crashed to the negative territory for the first time in history on Monday, fueled by pandemic-related demand shock and oversupply fears. The West Texas Intermediate (WTI) for May delivery shed 55.9 U.S. dollars, or over 305 percent, to settle at -37.63 dollars a barrel on the New York Mercantile Exchange, implying that producers would pay buyers to take oil off their hands. (Photo by Michael Nagle/ Xinhua)

Oil prices gain amid output cuts

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Oil prices rose on Monday as market sentiment was boosted by output cuts from major oil producers. The West Texas Intermediate for...
Hand Sanitizer

It’s Time Africans Sanitize Our Minds and Not Only Our Hands

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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...
Ken Ofori-Atta, Minister of Finance

Civil Society caution Ministry of Finance over Heritage Fund

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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...
oil

Lebanon extends oil and gas licensing deadline amid COVID-19 outbreak

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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...
Staff of Iran's Ministry of Health and Medical Education arrange boxes of donated masks by China in Tehran, Iran, on Feb. 25, 2020. China's Ambassador to Tehran Chang Hua on Tuesday delivered 250,000 masks to Iran's Ministry of Health and Medical Education as a support to protect Iranians against the outbreak of novel coronavirus in the country. (Photo by Ahmad Halabisaz/Xinhua)

Oil and gas production not affected by COVID-19 – Iran

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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

Oil prices fall as demand worries persist

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Oil prices declined on Wednesday, as worries of weaker crude demand continued to weigh on the market. The West Texas Intermediate for...
Oil

Belarus, Russia sign protocol on compensation for polluted oil

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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

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The GOIL Company Limited has honoured its former Group Chief Executive Officer Mr Patrick Akpe Kwame Akorli for prudent management of the fortunes of...
Oil

Trump administration proposes selling US$15 million barrels of oil from strategic petroleum reserve

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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...
petroleum revenue

Oil prices drop on demand concerns

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Oil prices dropped on Monday over concerns that the coronavirus outbreak could potentially weigh on crude demand. The West Texas Intermediate (WTI)...
banks

Angolan commercial banks purchase forex directly from oil, gas firms

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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,...
petroleum revenue

Oil prices settle mixed as traders await OPEC+ decision

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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

ReconAfrica to explore for oil in Namibia

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Reconnaissance Energy (ReconAfrica) Africa, a London-Based oil and gas company, is set to explore for oil in Namibia, the company said on Wednesday. ...
petroleum revenue

Oil prices see biggest monthly loss since May amid demand pessimism

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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...
Mohammed Amin Adams

Ghana steps up efforts to include marginalized groups in the oil and gas sector

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The Ghanaian government has increased its efforts to ensure the f persons living disabilities (PWDs) and women also take advantage of opportunities in the...
Dr Steve Manteaw

Oil, gas expert lauds Ghana for instituting heritage fund

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An oil and gas expert, Steve Manteaw, has lauded the government of Ghana for ensuring that the nation keeps part of her monies from...
Economics Oil Licensing

Oil firm vows to support Ghana’s free secondary education policy

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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

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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....
School Uniforms And New Curriculum

NPP Is Eventually Transforming Ghana’s Education into Oil Rice

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The goal of true education is to teach one to think intensively and critically with the aim of building intelligence and character. This makes...
Oil drilling platform Shengli No.4 is in the midst of shipment at the outer anchorage of a port in Yantai, east China’s Shandong province, Feb. 8, 2018. The Shengli No. 4 and the New Shengli No.1 will be sent to Nigeria for oil exploration services. (Photo by Chu Yang from CFP)

Players in Oil and Gas Industry Seeks Presidents intervention

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Dear Mr President ,we call on your good offices to sack Dr Ben Asante , The Chief Executive of Ghana Gas Company Limited. Mr President...
oil

Eni Announces Massive Discovery of Oil in Offshore Angola

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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 and gas

Oil Production Resumes in South Sudan’s Northern Parts

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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...
global energy

Energy experts to unlock energy & business opportunities across African continent

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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

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The Government of Madagascar has announced the opening of the Madagascar bidding round at Africa Oil Week The bidding round continues to highlight...
oil

Zambian government urged to provide update on oil, gas explorations

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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...
oil

Stanbic Bank Uganda, China’s ICBC woo investors as oil and gas sector takes shape

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Top executives of Stanbic Bank Uganda and the Industrial and Commercial Bank of China (ICBC) have urged Chinese state and private enterprises to take...
Oil

Nigeria and Oil: Looking beyond price collapse towards post recovery savings – Part 1

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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...