The United States is set to become “energy dominant”, boosted to prominence by its low-cost oil and gas supplies as global prices rise in the future, Bank of America said in a presentation on Wednesday. The shift to renewables will inevitably hike prices for fossil fuels and will keep them volatile—particularly in Asia and Europe. […]
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.
The chairman of the Ghana Extractive Industries Transparency Initiative (GHEITI) recent findings by a study group suggest Ghana is significantly benefiting from fiscal reforms
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.
Director of Petroleum at the Ministry of Energy, Benjamin Kwame Asante, has disclosed why blocks 5 and 6 of Ghana’s oil were reserved for direct negotiations and not open for licensing round.According to him, these blocks are in deep water hence, requires people who have experience in deepwater exploration to negotiate for its bidding.He furthered […]
Director of Petroleum at the Ministry of Energy, Benjamin Kwame Asante, has said it will be wrong for government to ask GNPC Explorco to bid forthe keta basin.He explained that the direct negotiations for the Eastern basin need people who have experience in deep water and are financially capable to embark on this project. He […]
Kosmos Energy is a major player in Ghana oil production ecosystem. Mr Joe Mensah, Senior Vice President and Head of Ghana Business Unit, Kosmos Energy, says the deep-water oil and gas exploration and productioncompany made a steady leap in production despite the effects of the COVID-19 pandemic. The Senior Vice President, speaking in an interview […]
Kosmos Energy has commissioned three hunger relief projects to enhance food security and to improve income generation for two institutions. The beneficiary institutions are the James Camp Prison and Senior Correctional Centre in Accra and the Light Outreach Foundation. The immediate objective is to give the inmates and prison officers entrepreneurial skills that could […]
The first Ghanaian-owned vessel known as the MV Flat Confidence for the oil sector has been unveiled in Takoradi.
Owned by FlatC Marine Offshore Limited, the 71-meter long and 19-meter-wide vessel will provide hold back support during oil export operations at
the CALM Buoy and deck cargo supply services to both of Tullow’s FPSOs – Kwame Nkrumah and John Evans Atta Mills.