Exxon Cuts 3 Bn Barrels From Oil Reserves
Exxon Mobil cut its proved oil reserves by three billion barrels to 20 billion barrels at the end of 2016, ...
Tag: Petroleum industry
Iran Sees Oil Output Reaching 4 Million Bpd By April, Aims For 4.7 Million Bpd
Iran said in January its daily output was close to 3.9 million barrels. Iran expects its oil production to reach ...
Petrol, Diesel Prices To Go Up By 3 Percent Next Week
The Institute of Energy Security (IES) has predicted a percent increase in fuel prices next week. According to the Institute, ...
U.S. Shale Oil Braces For the Unfamiliar In 2017
U. S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks ...
Oil Prices Slip As High Stocks Overshadow OPEC Cuts
Oil slipped on Friday, pressured by growing global stocks, while expectations that an oil output cut by producers might eventually ...
Oil To End Year At US$57
All things being equal, fuel prices will not travel beyond 15 percent increase in 2017, some industry analysts anticipate. This ...
Institute of Energy Security Warns of Fuel Shortage
Fuel supplies are expected to be seriously disrupted due to the unanticipated shutdown of the Tema Oil Refinery (TOR). The ...
Tullow Adopts 3-Phase Plan To Convert FPSO
Oil and gas firm Tullow and its JV Partners have adopted a three-phase approach to convert the Floating Production Storage ...
Tullow Defers Payment of Dividends To Shareholders
Oil giant Tullow has announced it will not be paying its shareholders dividends. According to Tullow, it took the decision ...
Fresh US Drilling Capping Oil Price
Renewed drilling by US oil producers is keeping a ceiling on a global crude price recovery, cutting into the impact ...
NDC Gov’t Bought 3 FSRUs – Boakye Agyarko Was Right
It has emerged that the erstwhile National Democratic Congress (NDC) government did, purchase, three Floating Storage Regasification Units (FSRU), contrary ...
OPEC Delivering On Agreed Oil Output Cuts
The OPEC oil cartel has implemented more than 90 percent of its agreed output cuts aimed at curbing a glut ...
Investors Are Free To Join GNPC
The Chief Executive Officer of the Ghana National Petroleum Corperation, GNPC, Dr. K. K Sarpong has reaffirmed the Corporation’s commitment ...
Russia To Decide In April-May If Global Oil Deal Should Be Extended
File image, A view shows an oil derrick and other facilities at Vankorskoye oil field Russia will decided in April ...
Tullow Oil Hints of Another Jubilee Shutdown This Year
Tullow Oil has indicated that it will carry out another round of Jubilee shutdowns in the next half of this ...
Oil Overhang Points To Need For Extended OPEC Output Cuts
An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing ...
Oil Prices Fall On Bloated U.S. Fuel Inventories, Stalling China Demand
Oil prices slid on Wednesday to extend falls from the previous session, as a big increase in U. S. crude ...
Kufuor FPSO Ready To Set Sail To Cape 3 Points – Eni
Eni announces that the naming ceremony of the “John Agyekum Kufuor” floating production, storage and offloading (FPSO) vessel was held ...
Kufuor FPSO Ready To Set Sail To Offshore Cape 3 Points
Eni announces that the naming ceremony of the “John Agyekum Kufuor” floating production, storage and offloading (FPSO) vessel was held ...
Oil Prices Rise As Investors Pour Fresh Cash Into Crude Futures
Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and as concerns rose ...