Tag: Crude Oil

Ghana’s power sector is once again under strain, with prolonged outages affecting several areas across the country. The Ghana Grid Company (GRIDCo), the primary entity responsible for power transmission in ...

Ghana’s Finance Minister, Dr. Mohammed Amin Adam, has reaffirmed the vital role of oil revenue in driving national development. He emphasized the government's commitment to increasing crude oil production as ...

Namibia stands on the cusp of an economic transformation with its recent petroleum discoveries in the Orange Basin, estimated at approximately eleven billion barrels of light crude oil and 2.2 ...

Ghana’s crude oil production has been on a continuous downward trajectory, with the latest figures from the Public Interest and Accountability Committee (PIAC) revealing a significant decline in 2023. According ...

Nigeria, Africa’s largest crude oil producer, is on the brink of transforming its energy sector with the ambitious efforts of the Dangote Refinery. Owned by Aliko Dangote, Africa’s richest man, ...

According to China National Offshore Oil Corporation (CNOOC), China’s largest offshore crude oil production base has just completed a new 6,088-meter-deep well at Bohai Oilfields. The first week of July ...

In 2023, Ghana witnessed a remarkable surge in its gold exports, which climbed to $7.60 billion, reflecting a 15% increase from the previous year, the Bank of Ghana has disclosed. ...

Ghana's crude oil production has experienced a consistent downward trend, averaging a decline of 9.2 percent over the last four years. According to the 2023 Annual Report on the Management ...

Oil markets experienced a positive shift, with both Brent and West Texas Intermediate (WTI) crude oil prices showing gains, setting the stage for their first weekly increase in three weeks. ...

In a pivotal session at the Invest in African Energy forum held in Paris, high-level officials from the Organization of the Petroleum Exporting Countries (OPEC) provided an in-depth analysis of ...