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...
Local service companies in the oil and gas sector have been advised to conduct feasibility studies into areas where they want to operate to avoid loss of investment. Mr. Theophilus Ahwireng, Acting...
Ghana is on course to get an additional 1-gigawatt of power to the national grid once gas production commences on the Sankofa project. That volume of power can feed at least 750,000 homes. The...
Oil prices fell in early trading on Friday, as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their...
Barring any last minute hitch, the Floating, Production, Storage, Offloading (FPSO) vessel for the Sankofa Gye Nyame Oil and Gas project, will arrive in Ghana in March 2017. This is the indication...
The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel. It explained that this was the case as members of the Organization of the Petroleum Exporting...
The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel. It explained that this was the case as members of the Organization of the Petroleum Exporting...
The 3rd Ghana Oil and Gas Awards (GOGA 2016) brought together players in the oil and gas industry. The awards recognizes achievements from local and international companies involved in the Ghana oil...
The Ghana National Gas Company says power supply to the national grid will not be affected as a result of cut in gas supply to the facility. Tullow Oil cut supply of gas by almost 50 per cent due to...
Tullow Oil says it has successfully completed the six-monthly redetermination of its Reserve Based Lend (RBL) facility. RBL is a type of financing where a loan is secured by the undeveloped reserves...
Tullow Oil has reduced the volume of gas it supply to Atuabo processing plant for the next 21 days, beginning November 1. The action has been influenced critical works on the turret, located on the...
Oil production from members of the Organisation of Petroleum Exporting Countries (OPEC) may have reached a new record, according to a Reuters survey, as Nigerian and Libyan output partially recovered...
the oscar winner said he might work at the theatre Mark Rylance says he is unlikely to perform at the Royal Shakespeare Company unless it drops a sponsorship deal with BP. Asked if he would work at...
In a bid to meet Nigeria’s gas requirements, Dangote industries Limited (DIL) has completed the acquisition of Twister B. V, a company based in the Netherlands. The company delivers reliable,...
Russia is betting oil prices will stay low for a long time. President Vladimir Putin's government has just set a draft budget for the next three years based on the assumption Russia will be able to...
The Chamber of Petroleum Consumers Ghana, has forecast a likely 7-13 percent fuel price adjustment beginning Sunday October 16. According to the Chamber, “the decision for cuts in OPEC production...
The Minister of Petroleum, Emmanuel Armah Kofi Buah says the passage of the Petroleum (Exploration and Production) Act 2016 and the development of a number of subsidiary legislation to give better...
Ghana has begun supplying gasoline and gas oil to the landlocked countries of Burkina Faso, Niger and Mali from the Bolgatanga Petroleum Depot. The state-owned Bulk Oil Storage and Transportation...
In 2009, Kosmos Energy, a small oil exploration company in Texas, wished to cash in on its discovery of an oil field off the coast of Ghana — one of the largest found in West Africa in a decade....
The oil producers cartel Opec has agreed a preliminary deal to cut production for the first time in eight years, sending crude prices surging. The major oil exporting nations struck the deal at talks...
