The downstream Oil Marketing sector picks up gradually in second quarter of the year after marginal turbulence in the first quarter, Mr. Gyemfi Amanquah, Chief Operating Officer of GOENERGY Company...
Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices. The decision by Oil Producing and Export Countries (OPEC) including Russia to cut...
Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices. The decision by Oil Producing and Export Countries (OPEC) including Russia to cut...
The price of oil has plummeted by about 5%, despite oil-producing nations agreeing to extend production cuts for a further nine months. Meeting in Vienna, energy ministers from both Opec and non-Opec...
Buoyant trading in New York saw Wall Street set fresh records on Thursday, with US stocks recording their sixth consecutive positive finish. European markets were mainly in negative territory,...
President Donald Trump's budget released Tuesday proposed radically downsizing the US Strategic Petroleum Reserve, arguing that America's shale boom has lessened the need for an emergency stockpile....
Oil exploration company, Tullow is seeking to invest in new exploration opportunities in the country, aside its two major projects, Jubilee and Tweneboa- Enyera- Ntomme (TEN) fields. The new...
Oil producers inside and outside the OPEC cartel have little choice but to extend their deal from late 2016 curbing output when they meet in Vienna on Thursday, analysts say. Less predictable however...
Iraq has agreed to a nine-month extension of a production cut pact among OPEC members that is aimed at boosting crude prices, the country's oil minister said on Monday. "We are in agreement with the...
Firms in the downstream petroleum sector remain livid about the activities of criminals who dump products meant for neighbouring countries back onto the Ghanaian market, saying the only way is for...
Energy shares led a broad rally across Asian markets on Monday as oil prices were boosted by growing hopes that an OPEC-led output cut will be extended by another nine months. With the deal agreed...
ENI has started production from the Offshore Cape Three Points ahead of the August 2017 schedule Ghana’s third independent oil and gas field operated by Italian oil giant, Ente Nazionale...
Saudi Arabia's energy minister expressed confidence on Sunday of extending a global cut in oil production designed to boost prices. Khalid al-Falih spoke ahead of a meeting on Thursday between the...
The world's biggest oil producers Russia and Saudi Arabia on Monday called for extending an output reduction deal ahead of an OPEC meeting later this month. "To underscore the determination of oil...
Gross sales volumes of crude oil in the first quarter of 2017 averaged approximately 132,500 barrels of oil per day (bopd). This comprises 82,500 bopd from the Jubilee fields and 50,000 bopd from...
The West African Gas pipeline Company Limited (WAPCo) has assured that the temporary shutdown of FPSO Kwame Nkrumah by Tullow will not put pressure on gas that will be required to be transported to...
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...
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...
Ghana’s international reputation will suffer a dip if it fails to stop the illegal sale of petroleum products in the immediate term. According to some industry watchers, the country could serve as...
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...
