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Oil & Gas
Ghanaian shareholders of Tullow stocks satisfied with Jubilee operations
Ghanaian Shareholders of Tullow Oil Plc, Ghana (TOPG), have expressed confidence in the running of the Jubilee Field,applauding its management for acting professionally, efficiently and with high standards.
Information available at the…
Siem Offshore to charter two vessels for Eni’s oil operations in Ghana
Siem Offshore, a shipping company engaged in the provision of marine services to the offshore oil and gas industry, says it has entered into a contract with the Ghanaian subsidiary of Italian-based oil company Eni to provide two platform…
Sandwinning activities in Ghana threaten West African Gas Pipeline
Activities of the sand winners at the Aboadze beach are posing a serious threat to the multi-million dollar gas pipeline delivering natural gas to power the Aboadze Thermal Plant.
Managers of the plant have warned that if any damage is…
Nigeria finally removes fuel subsidy after Ghana decision
The federal government of Nigeria January 1, 2012, finally and officially removed fuel subsidy, reports from the Nigerian media say.
This was announced by Nigeria’s Petroleum Products Pricing Regulatory Agency (PPPRA) in a statement.…
Minister justifies petroleum price increases
Dr Kwasi Akyem Apea-Kubi, Eastern Regional Minister, has explained that the recent increases in petroleum products were necessary for the Government to avoid another Tema Oil Refine debt and its accompanying economic challenges.
He said…
Ghana’s fuel price increases due to IMF pressure – Report
Ghana increased its prices on petroleum products December 29, 2011 citing two key factors - the increase in crude oil prices and the depreciation of the Ghana cedi. The country has also cut subsidies fuel prices. As at September 30, 2011,…
Mixed feelings on fuel price increases
There are mixed reactions to increases in fuel prices and transport fares announced by the National Petroleum Authority and the Ministry of Transport in Accra on Wednesday.
While the Trade Union Congress and some commercial transport…
Ghanaians to pay higher prices for petroleum products
The National Petroleum Authority (NPA) on Wednesday announced increases in the prices of petroleum products, saying the action was based on rising world prices and depreciation of the cedi.
A statement signed by Mr Alexander Mould, Acting…
Bank of Ghana hints of possible fuel price hikes
Current world market prices of crude and uncertainties in the global economy are likely to affect the pricing of petroleum products in Ghana. Prices are likely to move upwards, according to the Bank of Ghana (BoG).
“The current level of…
Nigeria’s Finance Minister almost weeps, begs citizens to accept petroleum subsidy removal
Nigeria’s Co-ordinating Minister for Economy and Finance Dr Ngozi Okonjo-Iweala almost wept yesterday December 22, 2011 as she practically begged Nigerians to accept the government’s proposed removal of petroleum subsidy, reports the…