Six years of Oil Production in Ghana under the Ghana Hybrid System The cumulative total losses to Ghana as at the end of 2016 is US$7,097,665,662 for not adopting PSA The sixth year of oil production...
The price of oil has plummeted by about 5%, despite oil-producing nations agreeing to extend production cuts for a further nine months. Meeting in Vienna, energy ministers from both Opec and non-Opec...
President Donald Trump's budget released Tuesday proposed radically downsizing the US Strategic Petroleum Reserve, arguing that America's shale boom has lessened the need for an emergency stockpile....
Oil exploration company, Tullow is seeking to invest in new exploration opportunities in the country, aside its two major projects, Jubilee and Tweneboa- Enyera- Ntomme (TEN) fields. The new...
Saudi Arabia's energy minister expressed confidence on Sunday of extending a global cut in oil production designed to boost prices. Khalid al-Falih spoke ahead of a meeting on Thursday between the...
American oil production is approaching record levels again, led by shale projects, potentially foiling efforts by OPEC to support prices. Oil prices were boosted this week after Saudi Arabia and...
Ratings agency Fitch has lauded government’s efforts in getting the economy back on track after a recent ‘crisis’ that forced the economy to seek solace in a US$918 million bailout from the...
Suffering from rampant inflation, stalled investment and mass layoffs, Nigeria is still gripped by one of the worst economic crises in its history. But for the first time in months, the West African...
International ratings agency Fitch has revised the outlook on Ghana’s long-term foreign and local currency Issuer Default Ratings (IDR) from negative to stable. Fitch has also affirmed the issue...
The oil price has fallen to a five-month low as investor concerns resurface about a worldwide glut. Brent crude dropped by more than $2 on Thursday to below $49 a barrel, hitting its lowest level...
Renewed fears about the oil supply glut have sent crude prices plunging 15% Renewed fears about the oil supply glut have sent crude prices plunging 15% from their peak in mid-April to $45.52 a barrel...
The Jubilee Oil field would be shut down again during the second half of this year to allow for the completion of repair works on the vessel. The turret bearing of the FPSO Kwame Nkrumah developed a...
The Jubilee Oil field would be shut down again during the second half of this year The Jubilee Oil field would be shut down again during the second half of this year to allow for the completion of...
It’s been 10 years since Ghana discovered marketable quantities of oil in 2007. We have had our highs and lows. The ‘new’ industry required new regulatory frameworks. Whilst some were done,...
It’s been 10 years since Ghana discovered marketable quantities of oil in 2007. We have had our highs and lows. The ‘new’ industry required new regulatory frameworks. Whilst some were done,...
Libya's oil production, the country's main source of revenue, rose Monday to more than 760,000 barrels per day for the first time since 2014, the National Oil Corporation said. Oil is Libya's main...
The country’s economy last year grew by 3.5 percent, the lowest rate in the past 22 years and the fifth consecutive year of decline, data from the Ghana Statistical Service (GSS) has shown. Even...
Nigerian commander Remi Fadairo points to the roiling plume of black smoke blotting the morning horizon in the Niger Delta -- the unmistakable sign of an illicit oil refinery. "Let's see if we can go...
The Africa Centre for Energy Policy (ACEP) is urging government implementing the provisions in the Petroleum (Exploration and Production) Act, 2016 Act 919, with emphasis on the award of oil...
Economic growth in Saudi Arabia and most other Arab oil exporters will slow this year following production cuts aimed at propping up energy prices, the International Monetary Fund said Tuesday. In...
