A Brazilian Supreme Court judge has ordered one of the country's most senior politicians, Renan Calheiros, to stand down as president of the Senate. Judge Marco Aurelio Mello issued an injunction...
Brazil's President Michel Temer has said he will block attempts to approve controversial legislation giving amnesty to politicians who received illegal donations for their campaigns. Brazilians have...
The much awaited for the start of commercial production of gas from the country’s largest gas well being operated by ENI Gas Ghana is to receive the Floating, Production, Storage, Offloading (FPSO)...
Russia's Economy Minister Alexei Ulyukayev has been charged with taking a bribe to endorse a state takeover. Investigators said he received a $2m (£1.6m) payment. The minister pleaded not guilty to...
Putin was informed about the case when the investigation was first launched against Ulyukayev. Russian President Vladimir Putin dismissed Economy Minister Alexei Ulyukayev on Tuesday over allegations...
The results of the US Presidential election 2016 took the public, and many pollsters and pundits by surprise; they were stunned, I was too. Though the media had informed us that the race was close,...
Oil prices slipped on Friday as the market refocused on a persistent supply overhang that is not expected to abate unless OPEC and other producers cut their output significantly. International Brent...
Oil prices fell in early trading on Friday, as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their...
Brazil's state oil giant Petrobras has reported a massive loss for the third quarter of its financial year. Analysts had been expecting the firm to make a profit, but instead it lost 16bn reais...
The initiative of the Government of Ghana to address the current Power Crisis via its agreement with the West African Gas Ltd (WAGL), a subsidiary of the Nigerian National Petroleum Corporation...
Five years after an uprising killed Libya's Moamer Kadhafi, residents in the chaos-wracked country's capital joke they have grown to miss the longtime dictator as the frustrations of daily life...
Russia's role in U. S election under growing scrutiny Russia's highest officials are dismissing accusations that Moscow is trying to sway the US presidential election with cyber attacks. President...
Uganda has rescheduled the completion date for its planned crude oil refinery plant in Kabaale, Hoima district, by two more years after a lead investor pulled out of the project at a crucial stage of...
The Hague (AFP) - Kenya on Monday rebuked Somalia for dragging it before the UN's top court to defend a maritime border dispute that could decide the fate of potentially lucrative Indian Ocean oil...
The Hague (AFP) - Somalia accused Kenya on Tuesday of unnecessarily prolonging a battle over lucrative Indian Ocean oil and gas reserves, saying "both impoverished nations" had an interest in swiftly...
Former Brazilian Finance Minister Antonio Palocci has been arrested in connection with a long-running inquiry into corruption at oil giant Petrobras. Prosecutors said he had maintained a "criminal...
The World Bank last Thursday approved a US$700 million guarantee for Ghana’s third oil and gas production field, Sankofa-Gye-Nyame, which is said to contain more than 200 million barrels of oil and...
As work on the Gye Nyame Sankofa field reaches 54 percent, the Ghana National Petroleum Corporation (GNPC) has assured that it will work the with the Public Utilities Regulatory Commission (PURC) to...
Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240,000 barrels per day (bpd), pan-African...
The financial, managerial and technical challenges facing the Electricity Company of Ghana (ECG) have galvanised the apostles of privatisation, anti-state ownership of business and the...
