As part of efforts to bridge the gap between industry and higher learning education and to complement government efforts to decrease the graduate unemployment rate, Puma Energy Ghana and the College of Engineering at the Kwame Nkrumah University of Science and Technology (KNUST) have announced a strategic partnership to...
Undoubtedly, a number of Russian companies have largely underperformed in Africa, which experts described as primarily due to multiple reasons. Most often, Russian investors strike important investment niches that still require long-term strategies and adequate country study. Grappling with reality, there are many investment challenges including official bureaucracy and...
Oil prices slid on Monday as concern grew that a record rise in coronavirus infections worldwide could stall a recovery in fuel demand, outweighing tighter supplies from major producers. Brent crude LCOc1 fell 10 cents, or 0.2%, to $42.04 a barrel by 0655 GMT, while U.S. crude CLc1 was at...
Ghana saw the birth of an independent Nuclear Regulatory Authority (NRA) when the Nuclear Regulatory Authority Act, 2015 Act 895 was passed in August 2015. This was followed by the transfer of some Staff of the Ghana Atomic Energy Commission to the Authority to form its nucleus on January 11,...
The National Petroleum Authority (NPA) has said that per its calculations, the directive to Oil Marketing Companies to increase the Bulk Oil Storage and Transport (BOST) margin on petroleum products from 3 pesewas to 6 pesewas effective June 1 will not increase the cost of petroleum products beyond 0.5...
The International Monetary Fund (IMF) has said that the country’s energy sector debt will continue to remain above US$1billion per year if government does not step up its game in implementing the Energy Sector Recovery Plan. According to the Article IV report (2021) of the IMF, as at the end...
While the European Union looks for ways to reduce its imports of Russian gas, flows via Ukraine remain high, at 109 million cu m daily amid lower wind energy output. Interfax reports, citing data from the Gas Transmission System Operator of Ukraine, that bookings for Thursday stood at 105.2 million cu...
The oil market appeared to have weathered the storm of the 2015 price collapse and had responded with considerable accomplishments. By November 2017, domestic crude oil production had recorded its highest level in U.S. history. International trade in crude oil and petroleum products was booming with exports of 6.6...
Ghana Oil Company Limited (GOIL), an indigenous and leading oil marketing company, has expressed interest in expanding its market share beyond the country’s shores to cover other West African countries. GOIL is looking at penetrating at least two West African countries in the next two years. The move is inspired...
The Tweneboa-Enyenra-Ntomme (TEN) partners have introduced the Community-led Environment and Beach Improvement and School Sanitation (CLEBISS) project in a bid to curb the rampant pollution of the environment. An Ellen MacArthur Foundation report notes that the ocean is filled with about 165 million tons of plastic and by the 2050,...