The months-long oil price rally hit the pause button this week, following a shift in outlook from the U.S. Federal Reserve. “Inflation is your friend until it isn’t,” Louise Dickson of Rystad Energy said in a statement.
Accra, Ghana//-Ghana’s upstream petroleum sector is fraught with challenges as the country celebrates 10 years of oil production.
Accra, Ghana//-Effective Saturday, June 5, road transport fares in Ghana will be increased by 13%. The new prices affect all forms of transport including Inter-city (trotro), Intercity (long distance) and shared taxis.
Accra, Ghana//-Minority MPs in Ghana’s Parliament today say the withdrawal of ExxonMobil from oil and gas industry is a clear sign of lack of confidence in the Akufo-Addo’s government.
Accra, Ghana//-Vivo Energy Ghana’s Managing Director (MD), Ben Hassan Ouattara has been adjudged the CEO of the Year for the Petroleum Sector at the just-ended fifth Ghana CEO Summit in Accra.
Accra, Ghana//-ZEN Petroleum, a wholly owned Ghanaian Oil Marketing Company (OMC), has disclosed that it would end the year 2021 with 50 fuel retail outlets stations across the length and breadth of the country.
Ghana’s government stands to rake in $8.4billion revenue from the proposed unitisation or merger of the Sankofa and Afina fields; but the continued delay in the process puts such huge revenues at risk, especially in COVID-19 times such as these, the energy think-tank Institute for Energy Security (IES) has said.
In April 2020, the then Energy Minister John Peter Amewu wrote to the subsidiary of the Italian oil major Eni Ghana Exploration and Production Limited (ENI), and Springfield Exploration and Production Limited (Springfield) a subsidiary of Springfield Group, directing them to execute a Unitization and Unit Operating Agreement (UUOA).