Six Years of Oil In the Eyes of Labour
In the eyes of the operators of Jubilee oil field, it was a record time of development from discovery to first oil in December 15, 2010. To the government of Ghana, getting the Petroleum Revenue...
Tag: oil production
Six Years of Oil In the Eyes of Oil’s Staff
In the eyes of the operators of Jubilee oil field, it was a record time of development from discovery to first oil in December 15, 2010. To the government of Ghana, getting the Petroleum Revenue...
How the NDC Plundered $6B In Ghana Oil Cash
"...To repeat, in nearly 6 years of oil production at the Jubilee Oil Fields under Mahama and his NDC party, Ghana received just $3.3 billion out of nearly $17 billion dollars in oil...
Oil Prices Rise In Anticipation of Tighter 2017 Market
Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices. Brent crude futures, the...
Fiscal Path, Key For Ghana’s Credit Profile
Ghana’s ability to maintain its recent progress on fiscal consolidation will be an important factor in sovereign ratings assessment following last week’s elections, says Fitch Ratings. “Failure...
Oil Production To Hit 190,000 Barrels Per Day
Production of oil in Ghana will hit 190,000 barrels per day by the end of the year, Ecobank Research has projected. This is against 110,000 barrels of oil currently being produced by the Jubilee...
Buhari Presents $24bn Budget To the National Assembly
Nigeria’s President Muhammadu Buhari on Wednesday presented a record 7.298 trillion naira ($24 billion) budget for 2017 to lawmakers which is aimed at pulling Africa’s biggest economy out of its...
Oil Sector Experiences Shock
The decline in crude oil prices on the world market has gravely affected the country’s oil sector, which is likely to adversely affect production from the Tweneboah-Enyerra-Ntomme (TEN) fields and...
Gov’t Targets 8% Growth Rate Next Year
President John Mahama has once again assured the nation that the economy will recover after it increased revenues and took tough measures to limit public sector wages and spending. Some of the...
‘Unprecedented’ Numbers Face Severe Hunger In South Sudan
Some 3.6 million people in South Sudan face severe food shortages - the highest levels ever experienced at harvest time - and the crisis is likely to worsen when food from the current harvest runs...
Let Us Compare Achievements – Mahama Dares NPP
President John Mahama says claims that his government has underperformed in key sectors of the economy are mere propaganda. He said he has achieved more within the past three and a half years than...
Western Region To Become International Oil Hub Under NPP – Akufo-Addo
The Western Region can expect to be transformed into an international oil hub if the New Patriotic Party’s (NPP) latest promise is anything to go by. The NPP Flagbearer, Nana Akufo-Addo, assured...
W/Region To Become International Oil Hub Under NPP
The Western Region can expect to be transformed into an international oil hub if the New Patriotic Party’s (NPP) latest promise is anything to go by. The NPP Flagbearer, Nana Akufo-Addo, assured...
I Will Relocate GNPC To Western Region – Akufo-Addo
Akufo-Adoo says he will relocated GNPC to the Western Region if he wins the elections The presidential candidate of the New Patriotic Party (NPP), Nana Addo Dankwa Akufo-Addo, says his government,...
ENI Gas To Receive FPSO In March 2017
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)...
Buhari Stands Ground Despite Oil Attacks
The continued attacks on pipelines are slashing Nigeria’s oil production – and hammering an economy reeling from its worst recession in years. This month, Nigeria’s President Muhammadu Buhari...
PIAC Counsels Gov’t Into New Hedging Deal
The Public Interest and Accountability Committee (PIAC) has joined a long list of advocates that have urged government to seriously consider restoring its hedging programme in order to cushion the...
Ghana’s Third FPSO To Be Delivered In March 2017
Ghana’s oil and gas industry is to receive a major boost with the country set to take delivery of its third floating production storage and Offloading vessel in March next year. According to...
Nigerian Army Presence Prompts Niger Delta Attacks
A Nigerian armed group said the continued presence of the army in the southern Niger Delta energy hub has undermined peace talks and prompted attacks on oil-and-gas facilities in the region. The...
Oil Prices Slip As OPEC, IEA Data Underscores Crude Glut
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...