Economic growth in Saudi Arabia and most other Arab oil exporters will slow this year following production cuts aimed at propping up energy prices, the International Monetary Fund said Tuesday. In...
G7 foreign ministers will attempt to agree a common position on the Syrian conflict, before the US secretary of state flies to Russia to try to persuade it to abandon its Syrian ally. Rex Tillerson...
The Chiefs and people of coastal districts in the Western Region have welcomed the entry of Springfield Exploration and Production Company, the first wholly owned Ghanaian oil and gas company to...
The new Floating Production Storage and Offloading (FPSO) vessel, John Agyekum Kufuor, has safely arrived in the country’s waters. It is currently being moored on top of wells at the Tano Basin...
The Ministry of Energy and the national Petroleum Authority have commended Ghana Oil Company, GOIL for its Commitment in Promoting local content in the Oil and Gas Sector. The commendations were made...
The Ministry of Energy and the National Petroleum Authority have commended Ghana Oil Company (GOIL) for its commitment in promoting local content in the oil and gas sector. The commendations were...
Wall Street stocks rallied Thursday, shrugging off uncertainty over President Donald Trump's agenda and advancing as US fourth-quarter growth was upgraded and oil prices rose above $50 a barrel....
Ghana lost an estimated GHC43 million in 2014 as a result of fraudulent practices in the petroleum sector, the Chief Executive Officer (CEO)?of the National Petroleum Authority (NPA), Mr Alhassan...
THE National Petroleum Authority (NPA) says GH¢43million in petroleum profits were stolen by cabals due to the absence of an effective tracking system. This represents 12.3% of annual freight...
The Ghana Chamber of Bulk Oil Distributors (CBOD) has called on the government to take pragmatic measures to deal with the inconsistencies in the policy regarding the petroleum downstream sector....
The Trump administration has issued a permit to energy company TransCanada to build the Keystone XL pipeline. The State Department said it had found the project, which was blocked by former US...
Royal Dutch Shell has sold its onshore oil and gas interests in the central African nation of Gabon for $587 million to private equity firm Carlyle Group, it said Friday. The Anglo-Dutch energy giant...
Saudi Arabia on Wednesday lost its high-quality credit rating from the Fitch agency, which lowered the kingdom a notch because of worsening public finances as the oil price wobbles. Dropping its...
Over 500 key players in African downstream oil industry met in Cape Town for Africa Refiners Association (ARA) WEEK which was aimed at achieving clean fuels in Africa. Among the key players included...
The United States on Saturday denied a report saying Secretary of State Rex Tillerson opted not to have dinner with his South Korean counterparts on a diplomatic visit because of "fatigue". Tillerson...
The United States' "strategic patience" with nuclear-armed North Korea is over, Secretary of State Rex Tillerson said in Seoul on Friday after visiting the Demilitarised Zone. The announcement...
Halfway into an OPEC-led oil supply cut, Asia remains awash with fuel in a sign that the group's efforts to rein in a global glut have so far had little effect. The Organization of the Petroleum...
OPEC countries are complying with a landmark deal to reduce a worldwide glut in oil, but global supplies nevertheless increased in February, the International Energy Agency said on Wednesday. "The...
Fuel prices is expected to fall by about 3% later this month. This is according to the Institute for Energy Security (IES). The IES projections comes at the back of drop of Brent crude, gasoline and...
Washington's top diplomat was to fly into Tokyo on Wednesday to begin a first tour of Asian capitals under the shadow of North Korea's nuclear posturing. Secretary of State Rex Tillerson has promised...
