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Ghana seals deal to process 11 million barrels of crude

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The Tema Oil Refinery (TOR) has signed an agreement with Woodfield Energy Resources to process a tolling 11 million barrels of crude, Mr Isaac...
Oil

Nigeria to hike crude oil benchmark price to US$57 per barrel

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The Nigerian government has proposed in a new budget to increase crude oil benchmark price from 55 dollars to 57 dollars per barrel. ...
Oil

TOR is not in position to receive Ghana’s crude for refinery – Alex Mould

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An Energy Expert and Former Chief Executive of the Ghana National Petroleum Corporation (GNPC) has called on the management of Tema Oil Refinery (TOR)...

I Will Be Mild to Hawkers – AMA Boss

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The newly appointed Metropolitan Chief Executive for the Accra Metropolitan Assembly, Mohammed Adjei Sowah, has indicated that when approved, his tenure as the AMA...

Rising U.S. Crude Records Force Oil Prices Down

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Oil prices fell Wednesday after reports showed increasing U.S. crude inventories, triggering worries for continued global crude over-supply. The West Texas Intermediate for March Delivery...

S.Korea’s import prices rise for 4 months on expensive crude, weak currency

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South Korea's import prices rose for four months through December due to expensive crude oil and weaker local currency, central bank data showed on...

TOR Starts Refining Crude From TEN Field’s

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The Tema Oil Refinery (TOR) will from today begin the refinery of the first parcel of 1 million barrels of crude from Ghana’s Tweneboah...

TOR: 7m Barrels Crude Oil Was Refined This 2016

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Tema Oil Refinery (TOR) says a total of 7 million barrels of crude oil have been refined this year. TOR also intends to refine between...

TOR Will Refine 18 M Barrels of Crude in 2017

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The Tema Oil Refinery (TOR) has announced it will from next year refine between 16 to 18 million barrels of crude oil.The crude will...

Petrofac Earns Contract To Expand Facility At Southern Iraqi Port

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British energy company Petrofac said it secured a $75 million contract to help with the expansion of a crude oil export facility at a...

Nigeria Crude Prices Slump in Nigeria

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Oil prices were lower in Asia trade on Friday as traders brace for an increase in oil exports from Libya and Nigeria, and the...
Oil

US Crude Oil Draws Up Over $40

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Oil prices edged up on Tuesday after U.S. crude broke below $40 per barrel the previous session, but traders said fuel markets continued to...

Crude Oil Stocks Varied Head of U.S. Inventory Statement

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Oil futures were mixed on Wednesday with Brent posting limited gains and U.S. crude trading sideways in advance of the release of official...

Prices of Oil dips due to oversupply concerns despite output cuts

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. Crude prices fell more than 1 percent in the previous session after worries about potential supply disruptions stemming from an attempted coup in Turkey...
Ghana's third FPSO

Commercial crude oil production to begin on the TEN in August

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The proposed time will be influenced by the completion of some critical test runs, reports JOYBUSINESS' George Wiafe who recently joined a team that...
Finance Minister Seth Terkper

Terkper reveals government’s plan stock up on crude

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Given that when the price of crude on the international market goes up or down, domestic prices are affected, the government of Ghana has...

U.S. Crude Stock Drives Oil Prices Up

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Oil prices edged up on Thursday, supported by a report of another fall in U.S. crude inventories as well as a weaker dollar,...
AFP © Getty Images/AFP/File / by Jennifer O'Mahony | Energy firms say Senegal and Mauritania's current oil and gas ventures will transform them into net exporters by 2020

Zambia’s sole oil refinery in temporal shutdown

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The crude feedstock cargo was scheduled to have arrived by June 15, 2016. Ministry of Energy and Water Development Permanent Secretary Emelda...
oil

Crude prices fall back on profit making

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According to data released Friday by oil service company Baker Hughes, the number of U.S. oil rigs in use fell by 10 this week...
oil

Prices of Crude Down From 2016 Highs

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Crude prices settled lower on Friday after the U.S oil rig count rose for the first time since December, renewing worries of a supply...

TOR and BOST to merge for efficiency and productivity

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Critics have wondered why Kwame Awuah Darko has been asked to double as MD of both entities, but he explained to the B&FT that...
Oil

Ghana losses over US 6 billion oil revenue

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However, it is to the contrary, with gnashing of the teeth, prayers to God to save them and the cedi reportedly besieged by...
Oil

Ghana should stabilize inflation to gain from oil money – Norwegian Ambassador

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Takoradi,Mr Hege Hertzberg, the Norwegian Ambassador to Ghana has called for a stable inflation regime to ensure that the citizenry benefitted from moneys that...

Energy Minister Calls for Added Value to Crude for Development

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Emmanuel Armah-Kofi Buah, Minister of Petroleum Mr Emmanuel Armah-Kofi Buah, Minister of Petroleum, has called on delegates of this year?s ECOWAS Mining and Petroleum Forum...
gas plant

Ghana needs to increase domestic gas production

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He said it is paramount to support economic growth and prosperity. He called for a multi-tier approach to meeting the country?s power demand underpinned by...

Ghana must process its crude oil

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The Government must work towards refining Ghana?s crude oil into finished products for export to reap the requisite revenue for prospering the economy. ...

Saltpond oil fields no longer profitable

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?There is the urgent need for a critical appraisal of the viability of the continuous operation of...

White House undecided over crude oil export

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Josh Earnest The White House believes a decision on whether to end a 40-year-old ban on exports of US-produced crude oil should come from...

Dumsor kills manufacturing businesses ? govt

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The government has voiced out that, current energy crisis is crippling efforts to create a manufacturing-based economy to reduce the country?s increased appetite for...

Prices of Crude oil take a downward dive

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The price of crude oil in the international market has dropped to a record low, a development that could influence price review locally by...