The world’s largest oil companies are set for a cash flow bonanza this year, probably at record levels, as massive cost cuts in the wake of the 2020 oil price and oil demand collapse have significantly lowered the corporate cash flow breakeven for many firms.
After posting record losses in...
Efforts to tame illegal mining, popularly known as ‘galamsey’, have failed to yield results in the Ahafo Region, as the menace continues to attract a significant number of youth to wreak havoc on the environment with impunity.
The galamsey menace is rife in communities like Ntotroso, Gyedu, Kenyasi, Hwidiem and...
For years now, cocoa farmers income from the sector has kept decreasing while the cost of production and living has kept increasing. Cocoa farmers, who ignited an industry worth over £131bn, are unable to afford the quality of life enjoyed by even the lowest-paid person working in the cocoa...
After falling significantly in 2020, oil prices have returned to pre-pandemic levels
The rise has been driven by OPEC+ production cuts and an improving economic climate
Higher prices are likely to support a rebound in oil-producing emerging markets
Further virus outbreaks or increased production would pose challenges to...
So Energy, a leading oil marketing firm and Sahara Group’s subsidiary, has again enhanced customer access to unique service experience by officially opening he So Kojokrom Station, located on the Takoradi highway in the Western Region of Ghana.
The new station, beautifully presented in the modern and vibrant colours of...
The West African Gas Pipeline Company Limited (WAPCo), owner and operator of the West African Gas Pipeline (WAGP), has indicated that the improvement in bi-directional flow and significant reliability of gas supply from Nigerian gas has boosted its role as a reliable partner in meeting cleaner energy needs of...
says economy being exposed to huge financial risk
Government needs to make drastic change to its policy on gas in order to reduce the huge financial risk it exposes the economy to, Executive Director of Institute for Energy Policy (IES), Nana Amoasi VII, has advocated.
The country pays around US$700...
The economy recorded a trade surplus of US$2billion last year, equivalent to 3 percent of Gross Domestic Product (GDP), on the back of strong gold prices, according to latest Bank of Ghana (BoG) data.
The country raked in a total US$14.45billion from its exports against total imports valued at US$12.43billion...
Vivo Energy Ghana, the Shell Licencee, has announced the biggest fuel portfolio launch ever in Ghana.
The entire new Shell fuels portfolio (Shell V-Power, Shell FuelSave Unleaded and Shell FuelSave Diesel) is now designed to enhance engine efficiency, as Shell’s new fuels contain exclusive Dynaflex Technology.
This new formulation helps clean...
Analysis of petroleum product prices on the local market over the decade show that petroleum products, specifically Gasoline and Gasoil have quadrupled in price. Over the past decade (2010-2019), Ghana has seen a 347 percent increase in price of Gasoline (Petrol) and a 338 percent increase in Gasoil (Diesel)...