Tag Archives: OIL

The Ministry of Finance has asked the public to ignore what it describes as misleading claims by Dr Steve Manteaw, a former Chairman of the Public Interest and Accountability Committee (PIAC) suggesting that an amount of GH¢2,132,188,611.01 of oil revenues is missing from the books. Dr Manteaw had said in …

The Tema Command of the Customs Division of the Ghana Revenue Authority is holding an oil supply vessel, MV Famous 1, at the Tema Port. This follows the discovery of gasoline products which the owners allegedly declared as sludge. Officials suspected that the gasoline products were being smuggled under the guise …

Oil prices fell on Thursday as new restrictions to stem a surge in COVID-19 infections increased uncertainty over the outlook for economic growth and a recovery in fuel demand. Brent crude LCOc1 futures had dropped $1.39, or 3.2% to $41.93 a barrel by 1247 GMT, while U.S. West Texas Intermediate (WTI) crude …

Tullow Ghana Limited (TGL), operator of the Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields, has announced that the country has reached a milestone with 300 million barrels of oil production from the Jubilee field. Tullow and its partners GNPC, Kosmos, Anadarko and Petro SA, in a statement said they …

US-based Ghanaian Investigative journalist, Kevin Ekow Taylor and has once again made a shocking revelation about corruption and smuggling ongoing at the Jubilee House which is the seat of government of the Republic of Ghana. Speaking on his “With All Due Respect” show on Facebook, the ace journalist said that …

Libya’s national oil company says it has resumed its vitally important exports after a halt of nearly six months, caused by conflict and political upheaval. The first tanker has begun loading in the eastern port of Es-Sider. The company’s production facilities in the region had been blockaded by forces loyal …

Oil prices tumbled about 2% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis. Fuel demand plummeted in recent months as the pandemic caused governments to impose restrictions on movement and businesses closed their doors. Oil has rallied in recent …

Oil prices climbed by more than $1 a barrel on Monday to their highest in more than a month, supported by continuing output cuts and signs of gradual recovery in fuel demand as more countries ease curbs imposed to stop the coronavirus pandemic spreading. Brent crude was up $1.19, or …

The oil industry in South Sudan has left a landscape pocked with hundreds of open waste pits, the water and soil contaminated with toxic chemicals and heavy metals, according to four environmental reports obtained by The Associated Press. The reports also describe alarming birth defects, miscarriages and other health problems …