Cape Town, South Africa, October 2, 2017//-The Department of Energy informs the public of the fuel price adjustments for October 2017. South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.
Category: Oil & Gas
Fuel Prices to Stable in October First Pricing Window
Accra, September 29, 2017//-Although crude oil prices rose by 6.8% over the last 14 days, the Institute for Energy Security (IES) projects fuel prices to remain largely unchanged.
NPA to Revoke Licences of Fuel Smugglers
Accra, September 29, 2017//-Ghana’s National Petroleum Authority (NPA) has said petroleum service providers that sell products meant for export on the local market risk losing their licences, as it intends to “go hard” on the tax evasion practice.
How Ghana Gains 80sqkm of Territorial Space in ITLOS Ruling
Accra, September 27, 2017//-Ghana is said to gain 80 square kilometres (sqkm) of territorial space after the delimitation of its maritime boundary with Cote d’Ivoire.
Siemens Predicts Bright future for Ugandan Oil & Gas Sector
Kampala, Uganda, September 27, 2017//-The International Monetary Fund recently stated that the oil reserves in Uganda may account for around four percent of the country’s economy annually in the next few years if managed well.
Why Ghana’s Energy Minister Got it Wrong
Accra, September 26, 2017//-After using petroleum politics to hoodwink Ghanaians to vote massively for the then opposition New Party Patriotic Party (NPP) to tumble the National Democratic Congress (NDC) government in the December election, it is shifting the goal post just nine months in office.
Tullow Share Price spike Following Boundary Dispute Resolution
Accra, September 26, 2017//-Ghana’s victory in the maritime boundary dispute with Cote d’Ivoire has seen Tullow plc’s share price on the London Stock Exchange reach a four-month high indicating investors excitement about the prospects of the lead operator of the Jubilee and TEN fields.
ITLOS Decision Saves Ghana Billions of Dollars
Accra, September 26, 2017//-A former Attorney-General and Minister of Justice, Mrs Marietta Brew Appiah-Opong, has said Ghana’s decision to take its maritime boundary dispute with Cote d’Ivoire to the International Tribunal for the Law of the Sea (ITLOS) and the favourable outcome have saved the country billions of dollars in investment.
Ghana: Taxes Choke Fuel Prices
Accra, September 26, 2017//-The 11 different taxes on petroleum products in the country have sparked calls on the government and other stakeholders to eliminate some of them, described by a section of the motoring public as falling in the category of nuisance taxes.
Call on Ghana to Begin Negotiations with Togo on Maritime Boundary
Accra, September 25, 2017//-The former chairman of the international maritime organization’s legal committee, Dr Kofi Mbiah has called on Ghana government to urgently begin negotiations with its neighboring Togo regarding its maritime boundary.