The Institute of Fiscal Studies (IFS) has urged government to consider a comprehensive hedging programme that would cover imports and exports of Ghana’s petroleum resources as well as interest...
World Bank has recently published an academic paper written by the Vice President, Alhaji Dr. Mahamudu Bawumia on Ghana’s oil discovery and management. The paper which is titled ‘Oil Discovery...
Tullow Oil has posted a loss after tax of 300 million dollars for the first half of this year. The figure represents a decrease of 270 million dollars compared to the 30 million dollars profit after...
Gunmen believed to be Boko Haram Islamists have kidnapped 10 members of an oil exploration team in northeast Nigeria, colleagues and the state-run oil firm said on Wednesday. "About 10 staff from the...
Anglo-Dutch energy giant Shell said Tuesday it has shut down a key crude supply pipeline in Nigeria's restive south because of a leak. Shell subsidiary the Shell Petroleum Development Corporation of...
The head of Libya's National Oil Company announced on Wednesday that oil production is expected to reach 1.25 million barrels per day by the end of 21017. NOC president Mustafa Sanalla said, however,...
Nigeria is reviving its search for oil in the country's conflict-riven northeast, aided by China and emboldened by gains made against Boko Haram. President Muhammadu Buhari's government is exploring...
Voters went to the polls in legislative elections in the oil-rich Republic of Congo on Sunday, the first since a violence-marred presidential poll last year which returned Denis Sassou Nguesso to...
Congo voters go to the polls Sunday in legislative elections in the oil-rich African country, the first since violence-marred presidential polls last year which returned Denis Sassou Nguesso to...
The Ghana National Petroleum Corporation, GNPC, has appealed to President Akufo Addo to intervene and grant the necessary approval in the proposed oil exploration activities in the Voltaian basin....
President Akufo Addo has committed to the efficient use of Ghana’s oil revenue to give value for money and protect the interest of Ghanaians. According to him, Ghana has no reason not to improve...
The Islamic State group has lost more than 60 percent of its territory and 80 percent of its revenue, an analysis firm said Thursday, as the jihadist "caliphate" turns three. The group declared its...
Public Interest and Accountability Committee (PIAC) wants government to consider hedging a portion of Ghana’s share of crude oil exports. Although the committee is recommending this to cushion the...
The Ghana National Petroleum Company (GNPC) has denied allegations made by the Public Interest and Accountability Committee (PIAC) that oil revenues were understated in 2016, arguing that, monitoring...
Continuous dip in some key commodity prices on the world market is likely to impact the output of certain commodity-bound listed companies on the Ghana Stock Exchange. The world price of Crude Oil...
The Ghana Institute of Governance and Security (GIGS) claims the country has not benefited enough from its oil find, 10 years on. Speaking to Johnnie Hughes on Late Edition on 3FM 92.7 to...
Co-chair of the Ghana Extractives Industry Transparency Initiative (GHEITI) Dr. Emmanuel Steve Asare Manteaw, who is also a member of the Public Interest and Accountability Committee (PIAC), has said...
Oil production dipped by some 13.7percent in 2016, from 37.41million barrels in 2015 to 32.30 million barrels, in spite of the coming of stream of the TEN field in August 2016 to augment production...
Nigeria’s troubled economy will record tremendous improvement by the third quarter of the year, the Central Bank of Nigeria (CBN), has predicted. The Director of Banking Supervision of CBN, Mr...
With oil production at its lowest in years, a total halt in phosphate exports and power generation sharply reduced, Syria's economy is on its knees, government ministers have said. The ministers were...
