As part of a program to improve the competitiveness of local businesses, the United States Agency for International Development (USAID) and government have held a conference in the Western Region for stakeholders in the oil and gas sector. At the conference, participants shared lessons learned and best practices and highlighted...
Ghana’s economy continues to be led by the oil sector according to some figures released by the Ghana Statistical Service . A development, some economists have warned could have dire implications for the country’s future if not checked. For the third quarter this year, the Ghana Statistical Service stated that oil contributed...
The National Petroleum Authority (NPA) has assured the general public that there will be no increment in fuel prices at the pumps this festive season. “This is as a result of a marginal drop of fuel prices on the world market. The Exchange Rate has also remained relatively stable,” the...
The West African Gas Pipeline Reverse Gas Flow Project is expected to be ready by the second quarter of next year, to ensure free flow of gas from Aboadze to Tema for power generation, Energy Minister, Boakye Agyarko has said. Currently, gas from oilfields in the western coast only terminates...
 The Ministry of Energy has laid out a plan to train 1000 Ghanaians annually to gain various technical skills needed in the oil and gas industry. As part of the laid out plan, 200 Small and Medium Scale Enterprises (SMEs) will also be provided with the capacity to gain a...
Tullow Oil raised its production targets on Wednesday thanks to higher output from its flagship West African fields as higher crude prices brightened the outlook for the debt-ridden explorer. The London-listed firm also slashed its 2017 spending target by a quarter to $300 million due to lower expenses in East...
Libya’s oil production revival is being undermined by the same financial, economic and security problems that threaten the promise of stability and a better life for the divided North African nation. Libya surprised many observers when it managed to raise its output fourfold to around one million barrels per day...
Oil prices stabilized on Monday after one of the most bearish weeks in months, propped up by OPEC comments signalling the possibility of further action to restore market balance in the long term. Oil production platforms in the Gulf of Mexico started returning to service after Hurricane Nate had forced...
Mr Adam Mutawakilu, Ranking Member, Parliamentary Select Committee on Mines and Energy, says it is incumbent on the public to identify legacy projects from the proceeds of revenue emanating from oil and gas. He said there were currently over 160 projects, which proceeds from oil and gas were to...
Increased oil production in Ghana is boosting energy sector revenues and helping shore up finances after three years of sluggish economic growth and persistent budget shortfalls. A report from the central bank shows Ghana’s state oil revenues more than doubled between the second half of 2016 and the first half...