If the U.S. passes the NOPEC bill, a bill designed to pave the way for lawsuits against OPEC members for market manipulation, the oil market could face even more chaos.
South America’s latest oil-producing nation, the former British colony of Guyana, is continuing to lay the groundwork for its oil boom.
Energy Minister, Dr. Matthew Opoku Prempeh has reiterated Ghana’s continued commitment to the West African Gas Pipeline Project (WAGPP).
GlobalData’s report, ‘Africa Oil and Gas Projects Analytics and Forecast by Project Type, Sector, Countries, Development Stage, Capacity and Cost, 2022-2026’, reveals that out of the 109 projects expected to commence operations in Nigeria, petrochemicals would account for 14, upstream (fields) 26, midstream 31 and downstream (refineries) would have the highest amount with 38.
The Public Interest and Accountability Committee (PIAC) has called on Parliament to place a cap on the percentage of annual revenue that the Ghana National Petroleum Corporation (GNPC) can spend on its corporate social investments (CSI).
The Public Interest and Accountability Committee (PIAC) has charged government to refund the $3.8 million spent by the Ghana National Petroleum Corporation (GNPC) on the Ghana Côte d’Ivoire Maritime Boundary dispute that took place few years ago.
The Chamber of Petroleum Consumers Ghana (COPEC) has calledon government to provide clear timelines on when the rehabilitationof the Tema Oil Refinery will be completed.
Oil prices sank 4 percent on Monday alongside equities, as continued coronavirus lockdowns in China, the top oil importer, sparked demand concerns.
The Petroleum Hub Development Corporation (PHDC) has given assurance to investors of a 100% tax exemptions and other benefits aimed at encouraging investment in the sector.
Executive Director for the Center for Natural Resources andEnvironmental Management (CNREM), Solomon Kwawukume, has stated that after ten years of oil production in the country, Ghana ha sbeen shortchanged over $5 billion in revenue, an amount that hesays is more than five years of E-Levy revenue expected to begenerated for the development of the country.