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.”...
Figures released by the Ghana Statistical Service (GSS) has shown that the Producer Price Index (PPI) ended 2017 with 8.9 percent, representing a 1.8 percentage points increase from the 7.1 percent recorded in November.
The PPI measures the average change over time in the prices received by domestic producers for...
The Minority Spokesperson on Foreign Affairs Hon Okudzeto Ablakwa has lamented government’s inability to use a recent petroleum signing agreement between multinational oil company ExxonMobil and the government of Ghana to highlight the fact that Africa is not a “shithole”.
The Government of Ghana, led by the Minister for Energy,...
Ghana’s latest contract with ExxonMobil Corp for oil exploration in the Deepwater Cape Three Points offshore (DWCTP) oilfield is going to add to a growing list of oil and gas contracts that have been shielded from the public - due to the non-existence of a ‘Petroleum Register’ as required...
Government must clarify its plans for the Saltpond oilfield, following the decision by Ghana National Petroleum Company (GNPC) to halt the de-commissioning process and keep a skeleton staff on the ‘non-operational’ oilfield, Prof. John Gatsi has said.
The Head of Department of Finance, School of Business at the University of...
The Chief Executive of Tullow, Paul Mcdade has said that Tullow delivered strong operational and financial performance in 2017 against the backdrop of continued industry volatility.
According to him, the business is expected to generate free cash flow of $0.5 billion, above expectations, due to high levels of operated production...
Global oil super major, Exxon Mobil is expected to officially sign an exploration agreement with government this week to allow it undertake petroleum activities at the Deepwater Cape Three Points (DWCTP) Block off the western coast of the country.
Although, the entry of Exxon Mobil into the country has been...
The National Petroleum Authority (NPA) is set to introduce some taxes and other charges on Marine Gas Oil (GMO) operations in the country, Hassan Tampuli - CEO of the NPA, has disclosed.
The move, he noted, is aimed at curbing some illegalities the Authority has observed in the petroleum downstream...
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...
Norwegian major Statoil is the latest addition to a Joint Industry Project (JIP) for subsea boosting pumps.
Ask an equipment manufacturer for cheap, light, and strong, and most will tell you it can’t be done. Fuglesangs Subsea, project manager for the JIP, will tell you otherwise.
“We think we’ve cracked the...