Oil Marketing Companies Collapsing
AOMCs says the development has made it difficult for their members to repay debts The Non-Performing Loans (NPLs) of commercial banks, is likely to worsen if government fails to stop the illegal...
Tag: oil
Energy Minister Leads Delegation To Offshore Technology Conference
The Minister for Energy, Hon. Boakye Agyarko, with two of his deputies, Deputy Energy Minister in charge of Petroleum, Dr. Mohammed Amin Adam, and Joseph Cudjoe, Deputy Energy Minister in charge of...
General Electric Supports Ghana’s 400MW Power Project
General Electric has announced that it will supply the power generation equipment for the 400MW Bridge Power plant project in Tema, Ghana. The equipment, which will be used in the first phase of the...
Our Resources Don’t Reflect Our Development
The Western Regional Minister, Dr. Kwaku Afriyie, has said that even though the Western Region produces over 50 percent of the country’s natural resources, the level of development the region has...
Indonesia Seeks $2 Bn Over Australia Oil Spill
Indonesia said Friday it has filed a $2 billion lawsuit against an energy company over an oil spill off Australia that it claims caused environmental damage in the archipelago's waters. The civil...
Oil Price Tumbles To Five-Month Low
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...
Oil Prices Have Plunged 15% In 3 Weeks
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...
Equipment Secured For Africa’s First LPG-Fired Power Plant In Tema
General Electric (GE) announced on Thursday that it will supply the power generation equipment for the Bridge Power plant project in Tema, Ghana. The equipment, which will be used in the first phase...
Energy Minister Woos Oil Investors
Energy Minister together with the delegation for the conference Energy Minister Boakye Agyarko has engaged numerous major oil companies to consider investing in Ghana’s oil and petroleum sector as...
W/Region Minister Wants Government Support For B-BOVId’S Agric Model
Western Regional Minister Dr. Kwaku Afriyie, has recommended B-BOVID, an agribusiness that thrives on social entrepreneurship at Kejebil in the Ahanta West District of the Western Region, for...
Metro Mass Chases NDC For GHC1.9m Unpaid Bus Rental Cash
The state transporter, Metro Mass Transit Limited (MMTL) is reportedly on the heels of the opposition National Democratic Congress (NDC) over buses the party rented whilst in government but allegedly...
Politics, Potholes and Price Drops
Kenya plans to export its first oil in June, but analysts say the test phase faces major challenges and appears motivated primarily by political considerations just months ahead of elections. British...
Australia Blocks BHP Offshore Move, Warns of Criminal Charges
A US hedge fund plan for mining giant BHP Billiton to move its primary listing to London was shot down by the Australian government Thursday which warned of criminal charges if it went ahead. New...
Algeria Parliament Poll Looms, But Voters Busy Watching France
Algeria is holding legislative elections on May 4 Algeria is holding legislative elections on May 4, but voters are far more curious about France’s presidential race. Algerians worry that a victory...
Fuel Prices To Remain Fairly Stable In May
Fuel prices will remain fairly stable in the first pricing window in May. This is a prediction by the Institute for Energy Security (IES). According to the institute, the slight fall of Brent crude...
Petroleum Commission Has Not Stopped Tullow’s Tender Process – Management
The Petroleum Commission has dismissed reports that it has instructed Tullow Ghana Limited (TGL) to cease its tender process concerning the award of any rig contract. According to the Commission, it...
Gov’t, Partners Set To Provide 15,000 Affordable Houses
Government is working with three private partners to provide 15,000 affordable housing units in parts of the country under a US$1.5 billion program. The 10-year program, dubbed the Ghana Housing...
Sustaining Your Stamina For the End-Times
THEME: Sustaining Your Stamina for the End-Times (Last Days) No true Christian with eyes on the Second Coming of our Lord Jesus Christ will doubt the fact that we are in the last of the last days in...
10 Years of Oil In Ghana; the Story So Far
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,...
Fighting Illegal Mining In Ghana (1) What Is the Position of the Law?
Fighting illegal mining in Ghana (1) what is the position of the law? Galamsey is a national security issue that needs urgent, effective and a lasting solution A principal tool for the management of...