International

U.S. on verge of lifting 40-year oil export ban

U.S. on verge of lifting 40-year oil export ban

17 December 2015, Washington – The United States appears on the brink of ending a four-decade ban on most exports of crude oil, which would end a years-long fight brought about by a boom in domestic shale output that contributed to a supply glut and depressed prices....

Shell Nigeria deal probed in Italy

Shell Nigeria deal probed in Italy

Italian prosecutors are investigating Royal Dutch Shell as part of a probe into the acquisition of a Nigerian oil field, the firm has said. The oil giant said it was cooperating with the authorities. The probe is connected to the 2011 $1.3bn purchase of Nigeria's...

Tullow To Add 80,000 bpd To Global Production In Ghana

Tullow To Add 80,000 bpd To Global Production In Ghana

Irish explorer Tullow Oil says that when it launches production this summer at its Tweneboa, Enyenra and Ntomme (TEN) fields in Ghana, it will add some 80,000 barrels per day to the country’s oil production at a time when the world is suffering from a supply glut....

Is the OPEC era over?

Is the OPEC era over?

It has been over a year since the downtrend in oil prices began, making it one of the longest on record. Not only has the flat price of oil declined by close to US$50/bbl, but many of the various spread relationships for both crude and refined products have also...

ENERGY GHANA MAGAZINE

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