Just when the world started to embrace some normalcy in terms of the global economy and social mobility, a new variant from South Africa, technically called B.1.1.529 and named Omicron, has emerged as policy-makers, politicians, and investors brace themselves for yet another wave of Coronavirus-related restrictions
Crude oil could soar to $125 per barrel next year and $150 in 2023 due to OPEC’s limited capacity to boost production
Fuel prices on the global markets have fallen sharply from over 80 dollars a barrel to about 72 dollars per barrel.
Following two years of negotiations of the agreement on the oil blocks located in the Western Basin of the country, the Director of Petroleum at the Energy Ministry, Benjamin Kwame Asante has revealed that the final agreement of Ghana’s first oil bid and licensing round will be laid before parliament before the close of the year
The Minister of Hydrocarbons and Energies, Franklin Molina, reported that the Upstream Reactivation Plan enables an investment of US $ 400 million in 2022, which will be used to carry out hydrocarbon exploration and exploitation projects that allow replenishing the reserves and increasing the production of gas and oil
Oil market participants appear to agree that the price collapse on Friday was an overreaction, with the prices climbing by more than 5% on Monday morning
The chairman of the Ghana Extractive Industries Transparency Initiative (GHEITI) recent findings by a study group suggest Ghana is significantly benefiting from fiscal reforms
Italian energy group Eni has agreed to sell gas group Snam 49.9% of its stake in strategic pipelines carrying Algerian gas into Italy for US$436 million, the two companies said on Saturday.
The Chief Executive Officer of the Petroleum Commission, Mr. Egbert Faibille Jnr., has re-echoed the Commission’s unwavering commitment to support Ghanaian companies to build capacity and thrive in the upstream petroleum industry
Executive Director for African Center for Energy Policy (ACEP), Benjamin Boakye, has predicted that Ghana’s energy-sector debt could surge to ₵7 billion by the close of the year if urgent measures are not put in place to check debt accumulation in the sector.