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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.

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Valor | Energy Connection – Feb. 24, 2025

Valor

billion in 2023, prompting cost-cutting measures, a 5% staff reduction, and slashed executive bonuses. Read m o re US oil and gas rig count hits highest since June, says Baker Hughes Summary : U.S. crude output to grow from 13.2 crude oil inventories increase by 4.6 crude oil inventories rose by 4.6

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Depletion Allowance for Oil and Gas Overview

Aresco

Oil and gas tax deductions 2023 did not change significantly from oil and gas tax deductions 2022. Crude Oil Investing: A Guide for Accredited Investors Investing in Oil and Gas Royalties Explained What are Tangible Drilling Costs? For more information, please visit www.irs.gov.

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Nigeria Oil Industry Overview

Drillers

Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. How did this happen?

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