In 2018, Ghana earned a total of US$ 813.95 million from crude oil exports representing lifting proceeds received into the Petroleum Holding Fund (PHF). This is according to Bank of Ghana’s (BoG’s) Petroleum Holding Fund and Ghana Petroleum…
Even with crude oil at a seven-year low in early December 2015, oil companies are still recruiting on college campuses and interviewing students with the fields of study most in demand.
The wave of early…
...As Obsolete oil, gas laws leads to loss of $18 billion
Pita Ochai
The Nigeria Natural Resource Charter (NNRC) has revealed that Nigeria has lost an estimation of $18 billion to obsolete oil and gas laws she has kept. That Nigerians…
Pita Ochai
The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC even with the group’s production cuts and U.S. sanctions on Venezuela and Iran, the International Energy Agency said in a…
Chibisi Ohakah
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that the newly adopted Crude Oil Liquefied Natural Gas Tracker (COLT) has already yielded results with the recovery of about N1.2 trillion in royalty…
Chibisi Ohakah, Abuja
The Institute of Chartered Accountants of Nigeria (ICAN) has said that whereas the projections for crude oil price and production as captured in the proposed budget were very ambitious, and that the…
Pita Ochai
... Indigenous operators’ contribution to national oil production now at 11%
Reveals indigenous operators’ contribution to national oil production to be around 11%
The need to raise funds and grow the contributions of…
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said that the Federal Government is targeting about two billion dollars from the oil and gas lease licences renewal.
Kachikwu disclosed this while fielding questions from…
By Kenechukwu Obiajuru, Yenagoa
The Bayelsa State Security Council has prohibited the use of assets, personnel and security operatives on attachment to surveillance contractors of oil and gas firms and any other personnel for political…
he Joint Task Force, Operation Delta Safe, OPDS, has decried incessant fake reports of oil facilities’ attacks by militants in the Niger Delta, saying such stories were fabricated to diminish the operations of the JTF.
Coordinator, Joint…
Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs on a boost from imminent U.S. sanctions on OPEC’s No. 3 producer Iran.…
By Karin Matussek
Moses Mozart Dzawu and Olivier Monnier
A ruling by the International Tribunal for the Law of the Sea will keep Tullow Oil Plc’s offshore fields under Ghana’s jurisdiction following the end of a boundary dispute with…
Oge Obi
In readiness for the marginal oil field bid round scheduled to take place later this year or early next year, the Federal Government through the Department of Petroleum Resources (DPR) has set the guidelines, Orient Energy Review…
Dr. Ibe Kachikwu
Nigeria’s oil minister said the government launched a fund on Thursday with an initial value of $200 million to support local oil and gas firms, part of a government drive to improve access to low-cost credit…
ADIPEC Programme Will Include Downstream Industry for the First Time
900 Speakers Scheduled for More Than 200 Technical and Strategic Conference Sessions
Abu Dhabi, UAE – 28 August 2017 – Organisers of the annual Abu Dhabi…
Lagos, August 23, 2017: Chevron Nigeria Limited (CNL), the operator of the NNPC/CNL Joint Venture recently completed a 12-month on-the-job-training of seven (7) Nigerian graduates at CNL’s office and field locations. The training was part…
Hyperdynamics and its partner South Atlantic Petroleum will be given two years for appraisal work in the event of an oil discovery in the Fatala-1 well, offshore Guinea.
Hyperdynamics said that the letter granting the assurance for the…
Nigeria's acting president will meet again with community leaders from the Niger Delta oil heartlands next week, his spokesman said on Tuesday, in a bid to shore up a fragile truce between militants and the government there.
With…
UIOGS 2017 Continues to Build Momentum as International Support Grows
KAMPALA, Uganda, August 9, 2017/ -- Total and CNOOC Limited have confirmed their support for the 3rd Uganda International Oil & Gas Summit (UIOGS) 2017…
Oil traded near $44 a barrel as investors weighed the likelihood and potential effectiveness of Libya and Nigeria capping production.
Futures traded in a $1.07 range in New York, following last week’s 3.9 percent tumble. The two…
