An agreement for the start of onshore oil and gas exploration in the Keta Basin of the Volta Region has been finalised, President John Mahama has disclosed.
Category: Oil & Gas
President Mahama Receives Honorary Law Degree from Aberdeen Varsity
UK-based University of Aberdeen will on Friday (tomorrow) hold a special convocation to confer an honorary degree of Doctors of Laws (LLD) on Ghana’s President John Dramani Mahama.
Falling Oil Price: Stormy Months Ahead for Ghana’s economy
Ghana is in a tough spot. Commodity prices are falling, President Mahama is facing stiff competition from the twice defeated Nana Addo in the upcoming November elections, and declining agric and manufacturing sectors.
Oil Curse Hits Ghana
When the West African nation shipped its first barrels of crude oil in 2010, then-president John Atta Mills pledged to build new roads and a deep-sea port, expand the power grid and create an aluminum industry.
World Bank Approves $700 M for Ghana’s Energy Sector
The World Bank’s Board of Directors today approved a record investment of $700 million in guarantees for Ghana’s Sankofa Gas Project – a transformational project that will help address the country’s serious energy shortages by developing new sources of clean and affordable natural gas for domestic power generation.
Angola launches crackdown amid plunging oil prices
By Ana Naomi de Sousa On a Saturday afternoon last month police raided a house in Luanda, the capital of Angola, and dragged 16 people out at gunpoint, covered their heads in hoods, and drove them away. They have been held in solitary confinement since June 20. According to witnesses, the group had gathered for […]
UBI Overtakes GOIL in Fuel Price Reduction
Ghana’s Oil Marketing Companies (OMCs) have further reduced their prices of petroleum products in line with the sector’s full price deregulation.
Can the Poor Survive in Oil-Rich Uganda?
Since 2006, Uganda has discovered about 6.5 billion barrels of crude oil from just 20 percent of its petroleum fields in the Albertine region, making the country’s crude fields the third-largest by reserves in sub-Saharan Africa.
Restoration of gas from Jubilee field to take longer than expected
Ghanaians may have to endure the ongoing load shedding exercise a little while as the Tullow Oil plc, the operator of the Jubilee field is uncertain when they will restore gas to the Ghana National Ghana Company.
Former Minister Punches Gov’t Oil Hedging
The former Minister of Finance, Dr. KwabenaDufuor has expressed displeasure with the government for the discontinuation of Ghana’s oil hedging program initiated in 2010.