GH¢16billion will be used for wages and salaries alone in 2017, Finance Minister Ken Ofori-Atta has told parliament as he read the Akufo-Addo government’s first budget. He said GH¢5.5billion will...
Nigeria’s gross domestic product fell by 1.5 per cent in 2016 due to lower oil revenues, the National Bureau of Statistics said on Tuesday, for its first annual contraction in 25 years. Africa’s...
Oil prices rose on Monday as investors showed record confidence in prices rising further, though gains were capped by the prospect of faster growth in U. S. oil production. Brent crude oil LCOc1 rose...
With government scheduled to open discussions with the International Monetary Fund (IMF) about a possible extension of the 3-year bailout programme, following several missed fiscal targets in 2016,...
THE long-standing agitation by some chiefs and people of the Western Region for the allocation of 10 percent of oil revenue has received a renewed sense of hope with the newly-appointed minister for...
As Nigerian President Muhammadu Buhari was beginning his latest visit to London more than a month ago, a new series of Big Brother Nigeria was getting under way. A former military ruler known for his...
Iran said in January its daily output was close to 3.9 million barrels. Iran expects its oil production to reach 4 million barrels per day by mid-April, and plans to drill 500 new wells over the next...
Libya's transition has been bogged down by insecurity and chaos, leaving the country looking like a "failed state" six years after the NATO-backed uprising that ended Moamer Kadhafi's rule. "We got...
IT has emerged that the performance of the Ghana Petroleum Funds’ portfolios declined in the second of 2016. In an era where Ghana paid between eight and 10.75% interest on Eurobonds, it is...
Ghana has opened its second and final round of arguments at the International Tribunal for the Law of the Sea (ITLOS) in Hamburg, Germany, and is reproaching Cote d’Ivoire for deliberately turning...
For the third consecutive year, Tullow Oil plc has, at the end of 2016, reported an operating loss of $754.7 million, which is, however, 31percent better than the $1.09 billion loss it posted in...
Tullow Oil plc (Tullow), the independent oil and gas exploration and production group, has bagged a full-year revenue of $1.3billion for the year ended 31 December 2016. 2016 FULL-YEAR RESULTS...
Ghana’s third Floating Offloading Production Storage (FPSO) will set sail to Ghana next week after it was officially named by the First Lady, Mrs Rebecca Akufo-Addo, at a colourful ceremony in...
Oil production on the Jubilee Field is expected to be halted for the next fifteen days beginning today, Friday February 3. This is to allow for an interconnection between the Tweneboa, Enyera,...
Oil production on the Jubilee Field is expected to be halted for the next fifteen days beginning today, Friday February 3. This is to allow for an interconnection between the Tweneboa, Enyera, Ntomme...
Oil prices edged up on Friday on news that U. S. President Donald Trump could be set to impose new sanctions on multiple Iranian entities, firing geopolitical tensions between the two nations....
The planned shutdown of the Atuabo gas processing plant between February 3 and 20, 2017 will not affect power generation and supply in the country, power producers have assured. According to them,...
The Bank of Ghana (BoG) has retained its policy rate at 25.5%. This is due to the fact that the Central Bank views the “risks to inflation and growth as balanced” its governor, Dr. Abdul-Nashiru...
The Bank of Ghana (BoG) has retained its policy rate at 25.5%. This is due to the fact that the Central Bank views the “risks to inflation and growth as balanced” its governor, Dr. Abdul-Nashiru...
The Bank of Ghana (BoG) has retained its policy rate at 25.5%. This is due to the fact that the Central Bank views the “risks to inflation and growth as balanced” its governor, Dr. Abdul-Nashiru...
