Jubilee Field To Shut Down For 15 Days
Oil production on the Jubilee Field will be shut down for 15 days, starting February 3, 2017, to allow for an interconnection with the Tweneboa, Enyera and Ntomme (TEN) operations. The planned...
Tag: oil production
Stop Financing Infrastructure Projects
The Public Interest and Accountability Committee (PIAC) says the Ghana National Petroleum Company (GNPC) should desist from financing infrastructure projects with funds allocated to it from petroleum...
$1bn China Development Bank Loan Can’t Be Paid?
The Public Interest and Accountability Committee (PIAC) has expressed doubts about the ability of the Ghana National Gas Company (GNGC) to commence the scheduled amortisation of the approximately...
Insurers Pay Tullow US$80m As Compensation For Defects On Jubilee FPSO
Tullow Oil Ghana Limited, a Jubilee Field operator, has received a total of US$80 million as insurance claims for the drop in oil and gas production and other commercial losses suffered by the...
VRA Debts To Ghana Gas Could Spiral Out of Control
The Public Interest and Accountability Committee (PIAC) has asked government push the Volta River Authority (VRA) to pay more than $306 million it owes the Ghana National Gas Company (GNGC). The...
South Sudan’s Central Bank Governor, Other Senior Government Officials Sacked
South Sudanese President Salva Kiir has sacked his longer – serving central bank governor Korneilo Koryom Mayik and his deputy John Dor amidst the country economic collapse. This comes a week after...
Global Growth Edges Up To 2.7 % Despite Weak Investment
Global economic growth is forecast to accelerate moderately to 2.7 percent in 2017 after a post-crisis low last year as obstacles to activity recede among emerging market and developing economy...
Business Development High On Gov’t Agenda
Ibrahim Mohammed Awal, Minister-designate for Business Development, has said his ministry will work to help improve the capacity of the private sector to deliver efficiently in Ghana. Speaking in an...
Oil Higher After Saudi Arabia Cuts Output, China Imports Rise
Crude prices edged up in early Friday trade following reports that major producers have started cutting production as pledged, strengthening views the global oil glut was ebbing. On the New York...
CEO of Finder To Head Newly Created Business Ministry
The Chief Executive Officer of Marble Communications Group Limited, publishers of The Finder Group of Newspapers, Ibrahim Mohammed Awal, has been nominated by President Nana Akuffo Addo as the...
Brazil’s Locomotive Breath
Abstract The Brazilian ‘locomotive’ has stopped. Oil production has been one of crucial drives in fostering not only economic but social growth in Brazil, but now sees the country gripped by...
A Clash Between True Federalism, Clumsy Leadership
MANY Nigerians sorrowfully misconstrue the supposed looting spree that characterised the successive Nigerian governments as the epicentre of the economic muddle the country is facing today. Some...
Fuel Prices Hit 18-Month High, After Opec Production Cuts
The price of petrol and diesel in the UK has risen to its highest since July 2015, following a three-pence-a-litre increase in December alone. The average cost of unleaded petrol hit 117.23p at the...
Oil Prices Rise
Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will be effective in draining a global...
Oil Prices Rise As Markets Eye OPEC, Non-OPEC Production Cuts
U. S. oil prices rose in the first trading hours of 2017 on Tuesday, buoyed by a deal for OPEC and non-OPEC production cuts which kicked off on Sunday. U.S. benchmark West Texas Intermediate (WTI)...
Bawumia Takes A Jab At Amissah-Arthur
The contest between Vice President Kwasi Amissah Arthur and vice president elect Dr Mahamudu Bawumia over mastery in Ghana's economic management will continue a while longer even after the elections....
Ogoni In Review
The Ogoninews publisher Mr. Fegalo Nsuke caught up with Mr. Ben Ikari who is a prominent Ogoni activist and the following questions drew his responses below. OGN: What is your assessment of the gains...
Oil Jumps 1.7 Percent, Adds To Year’s Gains Ahead of OPEC Cuts
Oil jumped 1.7 percent Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes...
Mr. Fegalo Nsuke Caught Up With Mr. Ben Ikari Who Is A Prominent Ogoni Activist?
The Ogoninews publisher Mr. Fegalo Nsuke caught up with Mr. Ben Ikari who is a prominent Ogoni activist and the following questions drew his responses below. OGN: What is your assessment of the gains...
TOR To Refine TEN Project Crude Despite Doubts
The Tema Oil Refinery (TOR) is said to have taken delivery of the first crude oil produced from the Tweneboa, Enyenra and Ntomme (TEN) project to be refined and sold on the Ghanaian market. The one...