Ghana’s crude oil production has declined for the fifth year on a roll, dropping from a peak of 71.44 million barrels in 2019 to 48.25 million barrels in 2024.
Progress In Oil Discovery Up North
Opoku-Ahweneeh Danquah with Herbert Krampah at one of the sites in the Northern Region Ghana’s oil and gas industry has made positive gains which could result in the discovery
Oil and gas industry on steady recovery – GNPC CEO
Opoku .A. Danquah The oil and gas industry having gone through a global slump during the covid pandemic, is now on the path of a steady recovery. The Chief Executive
Gold For Oil: Fuel Prices To Drop This week – COPEC
The Executive Director for the Chamber of Petroleum Consumers, Ghana (COPEC), Duncan Amoah is predicting a decline in the price of petroleum products if the oil secured by government
Gold For Oil Policy Ready To Take Off- Bawumia
Vice President Dr. Mahamudu Bawumia has announced that the Government of Ghana has concluded the arrangements for the operationalization of the Gold for Oil policy. According to him, the
Oil Prices Rise With Output Set For Slow Return
Oil prices rose on Monday as the slow return of U.S. crude output cut by frigid conditions served as a reminder of the tight supply situation, just as demand recovers
US Oil Prices Fall Back Below Zero
Oil barrels US OIL markets have fallen back below zero as the coronavirus (Covid-19) crisis continues to take a toll on oil demand. The US oil price, which turned negative for the
US Oil Prices Turn Negative As Demand Dries Up
The price of US oil has turned negative for the first time in history. That means oil producers are paying buyers to take the commodity off their hands over fears
Oil To Trade Around US$10, Fuel To Fall Again
The price of crude oil may fall to US$10 per barrel as the world runs out of storage space amid the COVID-19 outbreak. Credit rating agency S&P has warned the
ACEP Projects 53% Drop In Oil Revenue
Benjamin Boakye THE AFRICA Centre for Energy Policy (ACEP) has projected revenue from Ghana’s oil production could drop to US$743 million from the US$1.567 billion targeted in the 2020 Budget,
NDC Exposed Over AGM Oil Deal
David Adomakoh Desperate attempts by some persons to link President Akufo-Addo and Finance Minister Ken Ofori-Atta to the AGM-Aker Energy deal to explore and produce oil offshore Ghana appear to
NDC Blows $95m For Free On Oil Wells
Emmanuel Armah Kofi Buah – Former Petroleum Minister A Deputy Minister for Energy, Dr. Mohammed Amin Adam, has revealed that the previous Mahama administration signed 13 petroleum contracts without securing
Oil and Shipping Africa Conference Held In Accra
Moses Asaga (2nd right) speaking at the conference A two-day Oil and Shipping Africa Conference has been held in Accra to deliberate on issues related to the petroleum industry in