The World Bank and the African Development Bank (AfDB) have advised Ghana and other oil producing countries to look beyond the oil resources in the face of the plummeting crude oil prices on the international market.
Category: Oil & Gas
Tullow To Lay Off Workers
Tullow Oil Plc, Africa’s leading independent oil exploration and production is to lay off more workers as a result of the declining oil prices on the international market.
Low Oil Price Pose Risks To Nigeria’s Success Story
Control Risks, the global business risk consultancy, today published its annual RiskMap report, an established authoritative guide and key reference point for policymakers and business leaders seeking to plot global trends over the coming year.
Economist: Cut Spending on Executive Travels
A renowned Chartered Economist, Dr. John Gatsi has advised the managers of the Ghanaian economy to cut expenditure on executive travels in the revised budget of 2015.
Lower Oil Prices Present New Challenges To MENA Sovereigns
Developments in global oil markets are presenting policymakers in the Middle East and North Africa (MENA) with challenges and opportunities, says Moody’s Investors Service in its 2015 MENA Sovereign Outlook report.
East Africa Moves To Address Power Deficit
Ministers and senior representatives from four East African countries have pledged their support in solving East Africa’s crippling power deficit.
Oil Economist: Ghana, Dubai Power Firm deal Not Good
The US$700 million five-year lease deal, the Government of Ghana (GoG), entered into with Ameri Energy Group of Dubai for the a 250Megawats (MW) generating units is a bad deal, the Executive Director of Africa Centre for Energy Policy (ACEP), Dr. Mohammed Amin Adam has said.
Ghana Dishes Out Oil Blocks To Retail Companies
The Africa Centre for Energy policy (ACEP), a policy and economic think tank, says there is so much murkiness and corruption in the oil and gas industry, as oil blocks are dished out to petroleum retail companies.
Ivory Coast Tells Tribunal To Compel Ghana To Suspend Oil Exploration
Ghanaian authorities are bracing for a ruling which could see Tullow Oil suspend exploration in disputed territories at the request of Côte d’Ivoire.
IFS: Ghana Sleeps On Falling Oil Prices
Seven months since crude oil prices began to tumble on the international market, no concrete step has been taken by the government to mitigate the risks of the falling prices on the Ghanaian economy.