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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). T he information presented in this article is not intended as financial advice.

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Ghana’s crude oil production dips 9.54% in 2023

Reporting Oil and Gas

percent decline in crude oil production. Total crude oil produced amounted to a total of 35.42 This decrease is linked to the natural decline in the Tweneboa, Enyenra, and Ntomme (TEN) field, leading to an escalation in the gas-to-oil ratio and water production in the Jubilee and Sankofa fields. million barrels.

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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.

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U.S. Oil Production at Record Highs Amid Flat Growth

Energy Central

oil production is presently at about the same level it was 10 months ago. million BPD of crude oil. I have noted in recent articles that U.S. In August 2023, the U.S. produced 13.0 That gradually rose to 13.3 million BPD by the end of 2023 but has since declined back to 13.1 million BPD.

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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

With the bid round now officially confirmed, AEW presents a crucial opportunity for Libya to showcase its projects, attract foreign partners and secure the investments needed to drive long-term growth.

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Steady as She Goes: Oil Prices Hold Firm Amid Syrian Skirmishes and Iran's Deepening Energy Crisis

Crude Oil Futures

The price of crude oil remained remarkably stable throughout the week, despite ongoing volatility in Syria and a deepening energy crisis in Iran, which holds the world's fourth-largest proven oil reserves. Analysts had anticipated a modest surge in oil prices due to the swift military advancements by rebels in Syria.

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What’s Happening: The Unexpected Growth in U.S. Oil Inventories and What It Means for the Industry

Rextag

Will rising imports and weak demand keep crude prices under pressure, or is a rebound on the horizon? crude oil inventories grew by 545,000 barrels last week to reach 430.3 Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 crude oil production fell to 13.2 million barrels.

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