Oil slumped on Monday, extending last week's losses, as new coronavirus infections hit China, Japan and the United States' increasing concerns that a resurgence of the virus could weigh on the recovery of fuel demand.
Brent crude futures fell $1.32, or 3.4percent, to US$37.41 a barrel by 0716 GMT, while...
Ivory Coast farmers say leaving crop to rot
Cashew prices at unprofitable lows, some farmers say
Africa raw cashew exports to fall 30% - industry body
Buying picks up in Ghana, output on track to reach target
Olivier Gore-Bi took out loans to ready his 12-acre cashew farm in...
To promote transparency and reduce all corruption risks associated with the awarding of mining licenses and permits, face-to-face processing must be replaced with digitisation, a new report by Ghana Integrity Initiative (GII), the local chapter of Transparency International, has recommended.
Titled ‘Corruption Risk Assessment Report on Mineral Mining Licensing in...
Due to the recent fall in oil prices that hit the oil and gas industry, deepwater oil and gas operators around the globe were forced to come up with innovative solutions to minimise development Capital Expenditure (CAPEX) and make deepwater oil and gas development projects economically feasible.
One solution proposed...
The oil market collapse caused by the COVID-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in the offshore sector on a continued downwards trajectory through 2022.
In light of the postponement of multiple final investment decisions (FIDs) on projects and lower...
In the United States, nuclear energy just can’t catch a break. Despite the fact that generating carbon-free energy has never been more important, the nuclear energy industry has been waning for years in the U.S. and now struggles to turn any profit, even while nuclear energy industries are going...
OPEC, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10% of global supplies from the market.
The group, known as OPEC+, also demanded countries...
Insights from the African Economic Outlook report for 2020 indicate that although the economy of Africa grew at 3.4% in 2019, North Africa accounted for the largest economic output, contributing 44% of economic growth in Africa – the high level of economic growth in the region is mainly attributed...
Aker Energy Ghana Limited has reaffirmed its commitment to finding a solution that will allow for the commencement of a phased development of the Pecan field offshore Ghana.
“In a time when most other E&P companies are putting development projects on the shelf due to the COVID-19 situation and historic...
The Association of Oil Marketing Companies (OMC) has said that by end of this week its members will increase petroleum prices by a minimum of 14 percent.
Kwaku Agyemang Duah, the association’s chairman, told the B&FT that the move is due to some significant events during June’s first pricing window...