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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...

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...

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...

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...

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...

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...

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...

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...

Crackdown on smuggled vegetable oil by taskforce impressive – AGI

The Association of Ghana Industries (AGI) supports the crackdown on smuggled vegetable oil in the Ghanaian market led by the Tree Crop Development Authority,...

Taskforce shuts down shops selling smuggled cooking oil in Accra

On Tuesday, February 27, 2024, a collaborative taskforce, including the Tree Crop Development Authority, the Oil Palm Development Association of Ghana, the Customs Division...

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