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Ghana’s Oil Production Set for Decline in 2022

Ghana’s oil production is set to decline in 2022 as a result of coronavirus-related restrictions, which deferred work programs and other activities in 2020, the head of production at the country’s state-owned oil company has said. The West African nation’s crude oil output will drop to about 146,500 b/d next year from 150,000 b/d currently

Under-Investment: Africa’s 125.8bn Crude Oil Reserves Slump by 500m Barrels in 2021

The 125.8 billion crude oil reserves owned by 17 African countries have depleted by about 500 million barrels this year to 125.3 billion, ostensibly due to under-investment in the continent’s oil and gas infrastructure in recent years. However, Nigeria remains Africa’s highest producer as Libya has continued to face challenges with production, following the violence

BP Won’t Quit Controversial US Oil Lobby. Its CEO Explains Why.

BP’s (BP) pledge to slash oil production by 40% this decade has put it ahead of many industry peers in the transition to greener energy. But it doesn’t plan to follow Total’s lead and quit the API. “There are areas of difference [with the API],” BP CEO Bernard Looney told CNN’s Christiane Amanpour in an

A Glimmer Of Hope For Libya’s Long-Suffering Oil Industry

Just as it appeared that all hope for Libya’s struggling oil industry was lost, the country’s Energy Ministry has announced plans to open up the market to boost international investment. The Ministry hopes these plans will soon be approved by the government so they can be put in motion and Libya can boost its oil

Two Oil Firms Hit Malami, Others with $10m Suit

Two firms have dragged the Attorney General of the Federation and Minister of Justice, Abubakar Malami and his counterpart in the Ministry of Petroleum Resources to court over alleged cancellation of their operational permit. The minister was dragged before the Federal High Court, Lagos by Nov Oilfield Solutions Limited and Nov Oil and Gas Services Nigeria