Tag: oil
News
Gold-for-Oil initiative suspended as BoG reviews policy
The Bank of Ghana (BoG) has suspended the Gold-for-Oil programme due to policy and operational challenges that have resulted in financial losses.The initiative, introduced...
News
Ghana’s palm oil export saw a decline of over 50% in 2024 – OPDAG
Ghana’s oil palm exports have declined by more than 50% in 2024, according to the Oil Palm Development Association of Ghana (OPDAG).The association’s president,...
Headline
OMCs blame gold-for-oil policy for looming fuel shortage
The Chamber of Oil Marketing Companies (OMCs) has sounded the alarm over a possible fuel shortage in the coming days, attributing the looming crisis...
Business
Springfield begins Afina Well appraisal to strengthen oil field unitisation efforts
The CEO of Springfield E&P, an indigenous oil exploration and production company, has revealed that the appraisal of the Afina-1x Well, located in the...
Business
Ghana’s oil industry risks collapse over lack of investors – GHEITI
Co-chair of the Ghana Extractive Industry Transparency Initiative (GHEITI), Dr. Steve Manteaw, has warned that Ghana’s oil industry could face a significant downturn if...
Business
Govt on course to develop newly discovered oil fields – Finance minister
Minister of Finance, Dr. Mohammed Amin Adam, has revealed that the government is working around the clock develop recently discovered oil fields...
Business
Investigate Gold for Oil programme – Parliament told
Concerns have been raised by the Ghana Extractive Industry Transparency Initiative (GHEITI), necessitating that Parliament probe the Gold for Oil policy due to its...
Independent Africa
Dangote accuses NNPC personnel, oil traders of providing poor quality products
Africa’s richest man, Aliko Dangote, has accused some staff members of the Nigerian National Petroleum Company (NNPC) Limited and oil traders of operating a...
Business
Oil prices stabilize as OPEC+ supply cuts offset interest rate worries
Global oil prices stabilized on Tuesday, with the potential for OPEC+ to maintain supply cuts at its June 2 meeting and expectations of robust...
Business
Oil prices to stay above $80 per barrel till 2025 – EIU projects
The Economist Intelligence Unit (EIU) expects global oil prices to stay above $80 per barrel until late 2025, according to its recent latest projection.This...
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