all available information about oil wealth
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Ghana’s ambassador to Egypt for “energy”: We have a lot of oil to discover
Ghana, which is rich in natural resources, faces many financial and regulatory challenges to develop the country’s oil sector and meet the growing needs of citizens. Because of its dependence on the West, the lack of resources and the aging of the necessary infrastructure, in addition to being affected by the recent global energy crisis.…
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Total Energy consolidates its oil discoveries off the coast of Namibia
The French company Total Energy is preparing to launch a multi-well drilling program off the coast of Namibia, to enhance its oil ambitions in the country, after discovering the “Venus-1X” well early last year (2022). The British company, Impact Oil & Gas, one of Total’s partners in the offshore area of Namibia, announced that the…
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US oil and gas companies are competing for the first exploration round in the Gulf of Mexico since 2021
US oil and gas companies are preparing to compete for contracts for the first exploration round in the Gulf of Mexico to be approved by President Joe Biden, after the tours stopped since 2021. The US Department of the Interior has completed the necessary arrangements for holding the new auction to purchase exploration rights in…
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Fuel prices in the Arab countries a year after the Ukraine war.. Egypt and Algeria are the cheapest
The Ukraine war, which took place a full year ago, had a major impact on global oil and gas prices. This was reflected in fuel prices in the Arab countries. Including those that produce oil and gas, and do not face direct threats related to energy shortages. The Russian invasion of Ukraine, on February 24…
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Crude oil prices fall 1% on fears of a global economic slowdown – (Update)
Crude oil prices fell by more than 1% at the end of trading today, Tuesday, February 21 (2023), due to fears of a global economic slowdown and a decline in fuel demand. The decline in the price of a barrel of oil globally comes after prices achieved gains at the close of transactions yesterday, Monday,…
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Mixing gasoline with bioethanol in India raises environmental and food concerns
Read in this article • India is striving to reduce energy costs and meet climate commitments • The central government wants sugar mills to produce more ethanol from excess sugar cane • Ethanol produces 20-40% lower carbon dioxide emissions than conventional fuels • Intensive cultivation of sugar cane puts pressure on farmers and the environment…
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Crude oil prices rise by more than 1%.. and Brent is above $83 – (Update)
Crude oil prices rose by more than 1%, in trading today, Friday, February 24 (2023), to continue to reap gains for the second consecutive session. The prospect of lower exports from Russia offset higher oil inventories in the United States; This raised fears of a supply shortage. Crude oil prices today At the end of…
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The energy crisis forces the largest chemical complex in the world to lay off 2,600 workers
The energy crisis, which hit Europe in 2022 against the backdrop of the Russian-Ukrainian war, cast a shadow over the world’s largest chemical complex. The German company, BASF, revealed a plan to cut 2,600 jobs and reduce production in Germany. Europe’s largest chemical producer is preparing for a future without cheap Russian gas, according to…
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Crude oil prices rise 1%, and Brent records 83 dollars
Crude oil prices rose about 1%, during today’s trading, Friday, February 24 (2023), to continue to reap gains for the second consecutive session. The prospect of lower exports from Russia offset higher oil inventories in the United States; This raised fears of a supply shortage. Crude oil prices today By 07:21 AM GMT (10:21 AM…
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The oil pipelines in Ecuador stop after a landslide…and the declaration of force majeure
The oil industry in Ecuador is facing a new turn, which led to the declaration of force majeure on exports and production for a period of nearly two weeks, after a landslide caused the closure of a number of pipelines. Petro Ecuador and the independent pipeline operator OCP decided to suspend operations and transportation through…