The Chief Executive Officer of the Springfield Group, Mr Kevin Okyere, has called for investment-friendly initiatives from the government to help motivate oil exploration and production (E&P) companies to explore and turn the potential in the business into opportunities for all. With more than 80 per cent of the country’s petroleum potential still left unexplored, … Read more
Ghanaian players abroad continue to flourish abroad while the Black Stars continue to gun for the 2017 AFCON title. Striker Kwame Nsor dominated the headlines after scoring a hat-trick for Unaio Madeira in Portugal. Meanwhile Majeed Waris wasted a penalty which costly affected Lorient in France. But prodigious forward Okyere Kwasi Wriedt netted a brace … Read more
U. S. economic growth slowed sharply in the fourth quarter as a plunge in shipments of soybeans weighed on exports, but steady consumer spending and rising business investment pointed to sustained strength in domestic demand. Gross domestic product increased at a 1.9 percent annual rate, the Commerce Department said on Friday in its first estimate … Read more
The Lead Consultant of Wellspring Petroleum Services Limited, a petroleum business consultancy firm, Mr Michael Bozumbil has called on the National Petroleum Authority (NPA) to vigorously pursue consolidation measures in the industry. Consolidation among the indigenous Oil Marketing Companies (OMCs), he said, would help them come together to form bigger entities to withstand stiff competition … Read more
The Africa Centre for Energy Policy (ACEP) has stressed Ghana’s power supply situation is in a “fragile state” despite assurances from the Volta River Authority (VRA). Head of policy at ACEP Dr Ishmael Ackah told Joy News on Monday that all that stands between a return to the era of the erratic power supply is … Read more
Ghana 98MW away from a return of load-shedding – ACEP The Africa Centre for Energy Policy (ACEP) has stressed Ghana’s power supply situation is in a “fragile state” despite assurances from the Volta River Authority (VRA). Head of policy at ACEP Dr Ishmael Ackah told Joy News on Monday that all that stands between a return to the … Read more
U. S. stocks looked set to open lower as investors around the world sought safe-haven assets such as gold and U.S. Treasuries in response to the protectionist sentiments expressed by President Donald Trump in his inauguration speech. Pledging to put “only America first”, Trump laid out two simple rules after taking oath on Friday – … Read more
1. Dollar slump: The U. S. dollar is losing ground against major currencies in the wake of President Donald Trump’s inauguration. “President Trump’s inaugural address has been interpreted as a retreat from America’s global leadership role,” said Paul Donovan, global chief economist at UBS Wealth Management. “The vehemence in his address is causing markets to … Read more
Shell FuelSave has partnered with the Ghana Broadcasting Corporation (GBC) to telecast all the 28 AFCON matches live to Ghanaians. In line with this, giant screens have been mounted at the GBC fan viewing base and various lorry parks to bring the live matches right to the door step of Ghanaian football fans. The venues … Read more
Oil fell by $1 a barrel on Monday as signs of growing U. S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market. A stronger U.S. dollar also weighed as the currency surge made it more expensive to hold dollar-denominated … Read more
Halliburton Co (HAL. N) on Friday said it had reached a $100 million settlement to resolve a long-running securities fraud class action lawsuit against the oilfield services provider that twice reached the U.S. Supreme Court. The deal resolves a lawsuit in federal court in Dallas accusing Halliburton of misrepresenting its potential liability in asbestos litigation, … Read more
In the eyes of the operators of Jubilee oil field, it was a record time of development from discovery to first oil in December 15, 2010. To the government of Ghana, getting the Petroleum Revenue Management Act 815 in March 2011, 3 months after first oil, “was good decision to guide how oil revenues were going to be spent”. … Read more
In the eyes of the operators of Jubilee oil field, it was a record time of development from discovery to first oil in December 15, 2010. To the government of Ghana, getting the Petroleum Revenue Management Act 815 in March 2011, 3 months after first oil, “was good decision to guide how oil revenues were going to be spent”. … Read more
Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices. Brent crude futures, the international benchmark for oil prices, were trading at $55.41 per barrel at 0756 GMT, up 20 cents from their last close. U. … Read more
Despite the alarming unemployment rate in the country, companies continue to lay-off workers in large numbers, a reflection of how businesses are struggling to survive in a challenging economic environment. About 460 workers are being retrenched by three difference organisations in the last quarter of 2016. Investigations by The Finder newspaper indicate that, Baker Hughes … Read more
Despite the alarming unemployment rate in the country, companies continue to lay-off workers in large numbers, a reflection of how businesses are struggling to survive in a challenging economic environment. About 460 workers are being retrenched by three difference organisations in the last quarter of 2016. Investigations by The Finder newspaper indicate that, Baker Hughes … Read more
The global fall in prices of crude has slowed down operations of businesses in the oil and gas sector in Sekondi-Takoradi Metropolis. The economic situation in the Western Regional capital improved largely due to the discovery of oil and gas in 2007 as businesses and multinationals flocked to the city. But the sharp downturn in … Read more
The global fall in prices of crude has slowed down operations of businesses in the oil and gas sector in Sekondi-Takoradi Metropolis. The economic situation in the Western Regional capital improved largely due to the discovery of oil and gas in 2007 as businesses and multinationals flocked to the city. But the sharp downturn in … Read more
Professionals from across the global oil and gas industry have revealed who their employers of choice are – and the attributes they look for from them – in the inaugural Ideal Employer survey 2016. The survey, carried out between July and September 2016, gives a real insight into the workforce’s current thoughts and feelings towards … Read more
Professionals from across the global oil and gas industry have revealed who their employers of choice are – and the attributes they look for from them – in the inaugural Ideal Employer survey 2016. The survey, carried out between July and September 2016, gives a real insight into the workforce’s current thoughts and feelings towards … Read more