IFC and MIGA, members of the World Bank Group have announced the commitment of US$517 million in debt and guarantees to support Sankofa Gas Project, an integrated offshore oil and natural gas project that will provide a source of reliable, affordable energy in the West African country. The project will fuel up to 1,000 megawatts … Read more
The Institute of Energy Security has projected a likely increase in fuel prices for the 2nd window Fuel prices are expected to increase at the various pumps by 2% anytime from December 16, 2016. According to the Institute of Energy Security, projections for the second pricing window show that the increment will span from December … Read more
If it was not to defame the now president elect of the New Patriotic Party NPP Nana Addo Dankwa Akufo Addo in the recent elections then no one can tell what it was. Everyone is asking why those “snoopy stories” were published about Nana Addo Dankwa Akuffo Addo during the campaign season the country was … Read more
Fuel prices are expected to increase at the various pumps by 2% anytime from December 16, 2016. According to the Institute of Energy Security, projections for the second pricing window show that the increment will span from December 16 to December 31. Principal Research Analyst at the Institute of Energy Security, Richard Rockson explains that … Read more
If it was not to defame the now president elect of the New Patriotic Party NPP Nana Addo Dankwa Akufo Addo in the recent elections then no one can tell what it was. Everyone is asking why those “snoopy stories” were published about Nana Addo Dankwa Akuffo Addo during the campaign season the country was … Read more
If it was not to defame the now president elect of the New Patriotic Party NPP Nana Addo Dankwa Akufo Addo in the recent elections then no one can tell what it was. Everyone is asking why those “snoopy stories” were published about Nana Addo Dankwa Akuffo Addo during the campaign season the country was … Read more
The Lagos headquarters of U. S. oil major, ExxonMobil has been shut down, following a standoff with blue-collar oil unions over the sacking of 150 ExxonMobil workers. Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria besieged the office of the oil giant, protesting the sacking of Nigerian workers. The standoff is … Read more
Rex Tillerson will retire next month after 41 years with the company Global oil giant ExxonMobil on Wednesday named company President Darren Woods as CEO to replace Rex Tillerson, President-elect Donald Trump’s choice for secretary of State. Tillerson will retire next month after 41 years with the world’s largest publicly-traded oil and gas producer, ExxonMobil … Read more
Donald Trump is not even President yet, but he’s already turning US foreign policy on two of the biggest challenges to American power — China and Russia — on its head. In just five weeks as President-elect, Trump has given the world a taste of what Americans know already after a tumultuous political year: He … Read more
Exxon Mobil CEO Rex Tillerson has met President-elect Donald Trump amid growing speculation that he is being considered for US secretary of state. NBC News quotes sources close to Mr Trump as saying that Mr Tillerson is likely to be named next week. Former UN ambassador John Bolton will serve as his deputy, NBC adds. … Read more
Former New York Mayor Rudy Giuliani said on Friday he had removed his name from consideration for a position in Donald Trump’s new administration as the president-elect narrows the field of people he is considering for secretary of state. Giuliani’s withdrawal from consideration came after Trump made clear that he was broadening his search for … Read more
US President-elect Donald Trump is expected to appoint another Goldman Sachs executive to his administration. Despite vilifying the Wall Street bank while campaigning, he is tipped to pick Goldman president Gary Cohn to lead the White House National Economic Council. He would join former colleagues Steven Mnuchin – the incoming Treasury Secretary – and Steve … Read more
The Kremlin has announced that commodities trader Glencore and Qatar’s sovereign wealth fund are together buying a 19.5% stake in Rosneft, Russia’s largest oil company. “It is the largest privatisation deal, the largest sale and acquisition in the global oil and gas sector in 2016,” President Vladimir Putin said. The surprise move sees Glencore and … Read more
Yields on treasury securities continued their downturns as government’s appetite for short term securities declines. The week ending December 1 saw the rate of return on 91-day bill softening by 175 bps to 16.86 per cent. The yield on the 182-day treasury security also moderated to 19.62 per cent, down by 129 bps. The one-year … Read more
Ghana Oil Company Limited (GOIL) remains the biggest Oil Marketing Company (OMC) in the country in terms of both market share and a number of stations. “This is despite stiff competition from the over 80 other OMCs. GOIL currently has a market share of 17.5 per cent which is slightly higher than that recorded last … Read more
TOTAL Petroleum Ghana Limited, has been awarded the Best Finance Team of the year (bronze category) at the second Ghana CFO Awards. The CFO awards is a gathering for senior finance professionals. It brings together business financial leaders so as to reward and recognize their experience, expertise and contributions to the finance sector of Ghana. This … Read more
On Friday 18th November 2016, Total Ghana’s Finance and Accounts Manager, Madam Kwin Foumba Rose Spse Nkada Zogo was adjudged the Chief Financial Officer of the year in the Energy, Oil and Gas category at the 2nd edition of CFO awards held at Movenpick in Accra. To top it all, TOTAL’s Finance team won the … Read more
This year has not been a good one for the creative industry, as it has been bogged with several deaths. Quite unprecedented, over 20 personalities from the creative industry have faced their demise, with the lot being actors/comedians – and we still have a month or so to close the year. Yes, some ‘Men of … Read more
Ghana Oil Company, GOIL, has begun a nationwide promotional campaign to show appreciation to commercial drivers for their continued patronage of its products. In Accra, the ‘thank you’ visit was led by a team of Zonal office staff and GOIL Brand Ambassador, Barima Azumah Nelson, who visited Lorry parks and Tro-Tro stations to interact with … Read more
In Accra, the ‘Thank You’ visit was led by a team of Zonal office staff and GOIL Brand Ambassador, Barima Azumah Nelson who visited lorry parks and trotro stations to interact with drivers and promote the sale of GOIL fuel. The occasion was also used to distribute gift items to the drivers and their mates. … Read more