Category archives for: Oil & Gas

Saudi Arabia’s Final Attempt To Boost Aramco’s Valuation

November 9, 2019//-Saudi Arabia is gearing up for the Aramco IPO, pulling out all the stops to boost the company’s valuation. But it’s a desperate attempt that is riddled with risk.

NRGI Urges Journalists to Scrutinize GNPC and Its Operations

Accra, Ghana, November 8, 2019//-The Natural Resource Governance Institute (NRGI) has urged to journalists to scrutinize the Ghana National Petroleum Corporation (GNPC), a state-owned oil firm, and its operations in the country.

Endless Economic Wars: A Major Threat For U.S. Oil Exports

November 7, 2019//-The 5-percent tariffs China imposed on U.S. crude oil imports two months ago could challenge the growth prospects of overall exports, economists gathered for an industry event have warned.

EIA: 30 Million Barrels Added To Oil Inventories Over 7 Weeks

November 6, 2019//-Crude oil prices declined on Wednesday morning after the Energy Information Administration reported a crude oil build of 7.9 million barrels for the week to November 1.

Uganda, Equatorial Guinea Pave the Way for Africa’s Oil Future

Cape Town, South Africa, November 6, 2019/ -The prospects for the hydrocarbon sector in Uganda are looking bright – Uganda will soon export its first crude oil from its Lake Albert oil discovery to the international market.

COPEC: Wanton Dissipation of Oil Cash at GNPC Must Be Probed

Accra, Ghana, November 6, 2019//-The Chamber of Petroleum Consumers (COPEC) Ghana has called on government as a matter of urgency to halt and investigate the processes leading to what it describes as a wanton dissipation of monies at the Ghana National Petroleum Corporation (GNPC).

Oil Prices Rally On OPEC And Trade War Optimism

November 5, 2019//-Comments from Iran’s Oil Minister Bijan Zanganeh yesterday pushed oil prices higher as he suggested that OPEC might agree to deeper production cuts, but the rally did not last, with prices sagging early morning as bearish sentiment hit back.

Egypt’s EGPC Records Highest Number of Oil and Gas Discoveries in Q3

November 5, 2019//-Egyptian General Petroleum Corporation (EGPC) led globally among companies in the third quarter (Q3) 2019 in terms of the highest number of oil and gas discoveries, according to GlobalData, a leading data and analytics company.

$150 Million Needed to Turnaround BOST Ghana’s Strategic Energy Asset

Accra, Ghana, November 4, 2019//-An amount of $150 million is needed to turnaround Bulk Oil Storage and Transportation Company Limited (BOST), Ghana’s key strategic energy asset.

Africa’s Oil & Gas Industry Poised for Further Growth

Johannesburg, South Africa, November 4, 2019//-Africa’s oil & gas industry holds the potential for further growth mainly driven by an increase in investor appetite and a rebound in prices.

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