Petroleum industry
Declining Oil Prices Will Least Affect Ghana – Economist
Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices....
Declining Oil Prices Will Least Affect Economy – Economist
Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices....
Oil Price Plummets Despite Deal To Extend Output Cut
The price of oil has plummeted by about 5%, despite oil-producing nations agreeing to extend production cuts for a...
Wall Street Forges Higher Despite Oil Market’s Glum Mood
Buoyant trading in New York saw Wall Street set fresh records on Thursday, with US stocks recording their sixth...
Trump Budget Proposes Deep Cut To US Oil Stockpile
President Donald Trump's budget released Tuesday proposed radically downsizing the US Strategic Petroleum Reserve,...
Tullow Eyes New Fields Beyond Jubilee & TEN
Oil exploration company, Tullow is seeking to invest in new exploration opportunities in the country, aside its two...
Oil Producers To Extend Output Curbs At OPEC Meeting
Oil producers inside and outside the OPEC cartel have little choice but to extend their deal from late 2016 curbing...
Iraq Agrees To Nine-Month Extension of OPEC Production Cut
Iraq has agreed to a nine-month extension of a production cut pact among OPEC members that is aimed at boosting crude...
Fuel Smuggling Won’t Stop Without Sanctions – Oil Firms
Firms in the downstream petroleum sector remain livid about the activities of criminals who dump products meant for...
Asian Energy Firms Lead Market Gains On Hopes For Oil Ouput Cut
Energy shares led a broad rally across Asian markets on Monday as oil prices were boosted by growing hopes that an...
Oil Flows From Offshore Cape Three Points Fields In Record Time
ENI has started production from the Offshore Cape Three Points ahead of the August 2017 schedule Ghana’s third...
Saudi Minister Confident of Oil Cut Extension
Saudi Arabia's energy minister expressed confidence on Sunday of extending a global cut in oil production designed to...
Russia, Saudi Call For Oil Output Deal Extension
The world's biggest oil producers Russia and Saudi Arabia on Monday called for extending an output reduction deal ahead...
132,500 Barrels of Oil Produced Daily In First Quarter
Gross sales volumes of crude oil in the first quarter of 2017 averaged approximately 132,500 barrels of oil per day...
WAPCo Rules Out Pressure On Gas Supplies Over FPSO Shut Down
The West African Gas pipeline Company Limited (WAPCo) has assured that the temporary shutdown of FPSO Kwame Nkrumah by...
Oil Marketing Companies Collapsing
AOMCs says the development has made it difficult for their members to repay debts The Non-Performing Loans (NPLs) of...
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...
Ghana To Suffer Reputation Crisis Over Illegal Fuel Trade
Ghana’s international reputation will suffer a dip if it fails to stop the illegal sale of petroleum products in the...
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...