Due to the recent fall in oil prices that hit the oil and gas industry, deepwater oil and gas operators around the globe were forced to come up with innovative solutions to minimise development Capital Expenditure (CAPEX) and make deepwater oil and gas development projects economically feasible.
One solution proposed...
The oil market collapse caused by the COVID-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in the offshore sector on a continued downwards trajectory through 2022.
In light of the postponement of multiple final investment decisions (FIDs) on projects and lower...
In the United States, nuclear energy just can’t catch a break. Despite the fact that generating carbon-free energy has never been more important, the nuclear energy industry has been waning for years in the U.S. and now struggles to turn any profit, even while nuclear energy industries are going...
OPEC, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10% of global supplies from the market.
The group, known as OPEC+, also demanded countries...
Insights from the African Economic Outlook report for 2020 indicate that although the economy of Africa grew at 3.4% in 2019, North Africa accounted for the largest economic output, contributing 44% of economic growth in Africa – the high level of economic growth in the region is mainly attributed...
Aker Energy Ghana Limited has reaffirmed its commitment to finding a solution that will allow for the commencement of a phased development of the Pecan field offshore Ghana.
“In a time when most other E&P companies are putting development projects on the shelf due to the COVID-19 situation and historic...
The Association of Oil Marketing Companies (OMC) has said that by end of this week its members will increase petroleum prices by a minimum of 14 percent.
Kwaku Agyemang Duah, the association’s chairman, told the B&FT that the move is due to some significant events during June’s first pricing window...
Last year was the third-worst this century for tropical tree-loss, according to new data released Tuesday by Global Forest Watch - an online platform that provides data and tools for monitoring forests.
There is, however, a sliver of good news: the world’s most important cocoa-producing countries, Côte d’Ivoire and Ghana, showed signs...
The National Petroleum Authority (NPA) has said that per its calculations, the directive to Oil Marketing Companies to increase the Bulk Oil Storage and Transport (BOST) margin on petroleum products from 3 pesewas to 6 pesewas effective June 1 will not increase the cost of petroleum products beyond 0.5...
Industrial gold output from Ghana, Africa’s top producer of the precious metal, increased 6% in 2019 from the previous year while small-scale gold production dropped 20%, the Chamber of Mines said in its annual general meeting on Friday.
Industrial mines produced 2.989 million ounces of gold in 2019, up from...