Remove 2023 Remove Crude Oil Remove Finance
article thumbnail

Ghana’s crude oil production dips 9.54% in 2023

Reporting Oil and Gas

During the first three quarters of 2023, the nation experienced a 9.54 percent decline in crude oil production. Total crude oil produced amounted to a total of 35.42 million barrels, according to Finance Minister Ken Ofori-Atta. 2023 period, resulting in a substantial drop of 35.72 million barrels.

article thumbnail

Energy Market Assessment: Restoring upward mobility of the masses will have a profitable oil & gas drilling boom

Oil & Gas 360º

crude oil supply growth smaller than what it has been/ what is expected fuels our bullish oil outlook. lower-48-state crude oil production approached 13 million barrels per day (mmbd) five years ago (Figure 11, green dot). The rise to 160 rigs in January 2023 has production up at 118.5 Figure 11: U.S.

Oil 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

30% of Ghana’s crude oil consumption purchased through Gold for oil programme – Lands Minister

Reporting Oil and Gas

Mahamudu Bawumia for the successful implementation of the Gold for Oil Policy, hailing it as a pivotal strategy that stabilized the local currency and alleviated fuel costs. The Finance Minister further expressed the government’s intention to expand the Gold for Oil Programme to cover 50% of national consumption.

article thumbnail

Oil Review Middle East - Untitled Article

Oil Review Middle East

Downstream, Aramco intends to continue the strategic integration of its Upstream and Downstream businesses to facilitate the placement of the companys crude oil in larger offtake volumes through a dedicated system of domestic and international wholly-owned and affiliated refineries and petrochemical complexes.

article thumbnail

A Look Back on 2024

Energy Transfer

anindependent liquids terminal and pipeline operator with approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. In a deal valued at $7.3

article thumbnail

Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?

Rextag

oil and gas industry is experiencing one of its most transformative periods. Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. 2023 Production: ~6.0 2023 Production: ~6.0 2025 Forecast Projected Crude Oil Output: 6.6

Basin 40
article thumbnail

What 2024 Taught Us: From Offshore Discoveries to Net Zero Ambitions, What Mattered Most

Rextag

While clean technologies achieved record growth, the enduring dominance of oil, gas, and LNG underscored the complexities of balancing energy security, economic stability, and climate ambitions. Global Oil Discoveries: Notable finds in Guyana , Namibia , and China highlighted continued interest in exploration.