Nigerian energy firm Forte Oil said it plans to sell its upstream services and power businesses in Nigeria and divest from Ghana to focus on its core fuel distribution operation at home.
The move comes as a surprise about-turn for a company whose Chief Executive Akin Akinfemiwa told investors in...
Mr. Boakye Agyarko, the Minister of Energy, says government has signed an oil exploration contract with the ExxonMobil Company to explore for oil in the Deeperwater Cape Three Points Oilfield because it has the capacity to deliver.
He said government’s policy for the upstream oil industry is to undertake aggressive...
Oil retreated late on Thursday as the U.S. dollar rebounded from early losses and strengthened, denting support for the latest crude rally, but tight U.S. supplies limited the commodity’s decline.
The U.S. dollar rose against a basket of currencies .DXY after President Donald Trump said he wanted a “strong dollar.”...
The FPSO Kwame Nkrumah will be shut down in early 2018 to allow for continuation of repair works, Minister of Energy, Boakye Agyarko, has said.
“The repair works on the turret of the FPSO Kwame Nkrumah, also referred to as the Turret Remediation Project (TRP), is being done in two...
Minister for Energy, Boakye Agyarko, has indicated that government managed to scale-down the cost for construction of the Ghana National Petroleum Corporation (GNPC) head office from an initial US$76m to US$20m.
By negotiating the cost from US$76m to US$20m, government has now been able to make a US$56million saving on...
Chairman of Africa Business Media Dr. Yaw Akoto has said that Ghana is likely to attract more interest from international oil companies (IOCs) owing to recent developments in the upstream petroleum sector.
“Recently, government signed an exploration contract with the world’s largest oil and gas company, Exxonmobil Corp, to explore...
Chief Executive Officer of the National Petroleum Authority (NPA) Hassan Tampuli has reiterated the Authority’s commitment to clamp down on LPG refill stations which fail to adhere to safety standards as it intensifies its monitoring and inspection exercise.
This, Mr. Tampuli noted, is to prevent accidents at the stations and...
Golden Star Resources Limited has been adjudged Mining Company of the Year at the 2017 edition of the Ghana Mining Industry Awards.
Golden Star beat competition from over 10 other mining companies to win the top award at the 4th Ghana Mining Industry Awards, organised by the Ghana Chamber of...
The government is hopeful of earning some US$669.4 million from the petroleum sector in 2018, the 2018 Budget and Policy Statement to Parliament, has said.
Presenting the 2018 Budget and Policy Statement to Parliament, the Minister of Finance, Mr. Ken Ofori-Atta, said “the total petroleum revenue for 2018 is estimated...
Despite having numerous legal provisions and industry reports all aimed at deepening transparency in the oil and gas sector, these are yet to lead to any meaningful accountability, lamented the co-chair of GHEITI, Dr. Steve Manteaw.
Speaking at a stakeholder forum on Ghana’s Beneficial Ownership Disclosure (BOD) process, organised for...