Saudi Arabia is committed to stabilising the global oil market, the energy ministry of the world's biggest oil exporter said on Tuesday, as prices fell below $48 a barrel. OPEC and non-OPEC countries...
Fuel prices will fall by three per cent later in the month on the back of the drop of Brent crude, gasoline and gasoil prices on the world market, the Institute for Energy Security (IES) has...
Ken Ofori-Atta, Minister of Finance, has announced that government will add a total of 1,227MW of installed power capacity to the national grid to meet the growing demand for electricity. This would...
Oil hovered around three-month lows on Monday, as rising U. S. inventories and drilling activity offset optimism over OPEC's efforts to restrict crude output. Brent crude LCOc1 was down 7 cents on...
Exxon Mobil Corp (XOM. N), the world's biggest publicly traded oil producer, has agreed to pay Italy's Eni (ENI.MI) $2.8 billion for a 25 percent stake in a giant Mozambique gas field to strengthen...
The Chamber of Petroleum Consumers (COPECGH) has charged relevant authorities in the country to ensure that unreasonable fuel price increments are curtailed. According to a press release signed and...
OPEC compliance with oil output reductions has exceeded the target because of higher Saudi cuts, Kuwaiti Oil Minister Essam al-Marzouk, head of a committee overseeing the decreases, said Wednesday....
Tullow Ghana Limited has completed the Interim Spread Mooring of the Jubilee FPSO, Kwame Nkrumah. This milestone involving the installation of an interim anchoring system on the stern of the FPSO to...
The United States almost tripled the volume of crude oil bought from Nigeria last year, seven years after it began depending less on the country ‘s crude. This comes as the Shale oil production...
The energy sector is the stock market's dud so far in 2017 after a banner performance in 2016, and the rest of the year may also be rocky for investors due to the unclear path for crude oil prices....
The biggest names in the oil world come together this week for the largest industry gathering since the end of a two-year price war that pitted Middle East exporters against the firms that drove the...
Ghana’s National Petroleum Authority (NPA) has been adjudged the Downstream Regulator of the Year 2016 in Africa for sanitizing the country’s petroleum downstream industry to bring about fairness...
Tullow Ghana Limited and its partners have completed the first phase of the Turret Remediation Project on the Jubilee FPSO. In a statement, Tullow announced that on behalf of the Jubilee Joint...
The Senate, yesterday, alerted the nation to the fact that corrupt politicians now hide stolen money in caskets and uncompleted buildings in remote villages. The revelation came as the Upper Chamber...
The Institute for Energy Security (IES) has said the relative stability for the price of Brent Crude, and global prices for gasoline and gasoil points to the stability of local fuel prices but “the...
Dr Steve Manteaw, Chairman of the Civil Society Platform on Oil and Gas (CSPOG), writes to President Akufo-Addo on some of the key governance challenges that thwart efforts at fully harnessing the...
As part of efforts to provide Ghana with the option of a reliable and cheaper power to power its thermal plants for the next decade, Quantum Power, a pan African energy infrastructure investment...
Nigeria’s gross domestic product fell by 1.5 per cent in 2016 due to lower oil revenues, the National Bureau of Statistics said on Tuesday, for its first annual contraction in 25 years. Africa’s...
Chairman of the Civil Society Platform on Oil and Gas (CSPOG), Dr. Steve Manteaw has revealed that one of several factors preventing the growth and efficiency of Ghana National Petroleum Company...
Oil prices rose on Monday as investors showed record confidence in prices rising further, though gains were capped by the prospect of faster growth in U. S. oil production. Brent crude oil LCOc1 rose...
