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Shell records $6.2bn profit between July and Sept.

Shell, the oil and gas giant, has reported robust profits, primarily due to the recent increase in oil prices. In the period between July...

A barrel of oil hits $95 as inventories shrink

The US oil benchmark briefly surged to $95 per barrel due to concerns over decreasing stockpiles at a crucial storage hub, which raised worries...

Tullow bolsters local involvement in oil and gas industry

In line with its commitment to promoting local content participation in Ghana's oil and gas sector, Tullow has joined forces with the Upstream Petroleum...

BOST expects its sales to reach GHC 10 billion in 2023

Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), Edwin Provencal, has outlined the company's ambitious goal of generating approximately GH¢10...

Oil output increases as JSE’s first well goes offshore

Tullow and its joint partners have commenced crude production from the Jubilee South East (JSE) project located offshore. The activation of the first well within...

Profit making, a challenge for Ghanaian oil marketing firms – CEO of AOMC laments

The chief executive officer of the Association of Oil Marketing Companies, has indicated that a significant number of OMCs are struggling to turn a...

Oil is not Torentco Assets Management’s area of expertise – ACEP alleges

The African Centre for Energy Policy (ACEP) has criticised the decision to lease the Tema Oil Refinery (TOR) to a private company known as...

Saudi Arabia’s planned output cuts send oil prices up

Oil prices have experienced an increase following Saudi Arabia's announcement that it would reduce its daily oil production by one million barrels in July....

India’s import of Russian oil in 2022 increased tenfold – Bank of Baroda

According to Bank of Baroda, a state-controlled lender in India, the country's imports of oil from Russia increased by a factor of ten last...

Shell records significant decline in Nigerian oil spills after shutdown

In 2022, Shell made claims of a substantial decrease in oil spills caused by sabotage in Nigeria's oil-rich Delta, which was attributable to...

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