Oil
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BUSINESS NEWS
Ghana’s upstream oil and gas sector sees 181% investment boom in 2024
Ghana’s upstream petroleum industry recorded a remarkable 181 percent surge in investment, rising from US$32 million in 2023 to US$90…
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BUSINESS NEWS
Ghana’s oil revenue reaches $1.35 billion in 2024
Ghana earned over $1.35 billion in petroleum revenues in 2024, representing a 27.8% increase compared to the previous year. The…
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BUSINESS NEWS
Ghana’s Oil Output Declines for Fifth Straight Year, PIAC Reports
Ghana’s crude oil production has declined for the fifth consecutive year, dropping from a peak of 71.44 million barrels in…
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BUSINESS NEWS
Gold, crude oil, and cocoa dominate Ghana’s 2024 export earnings
Ghana’s export sector recorded remarkable growth in 2024, with total exports reaching GH₵294.9 billion. This significantly outpaced the country’s imports,…
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NEWS
New Era For Africa Energy: Ghana To Host Africa Oil Week From 2025
Africa’s largest gathering of oil and gas players, Africa Oil Week (AOW), will be hosted permanently in Accra, from 2025.…
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BUSINESS NEWS
Tullow records US$1.23bn loss in 2020
Oil giant, Tullow Oil, registered a loss of US$1.23 billion last year, driven by non‐cash exploration write‐offs and impairments, according…
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BUSINESS NEWS
Ghana has 2 billion barrels of oil left to drill – PIAC report
Ghana has a total of 2 billion barrels of oil left to drill before the country’s hydrocarbons get depleted, the…
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BUSINESS NEWS
Oil prices fall as strengthening dollar impacts commodities
Oil fell the most since November with a stronger dollar and concerns surrounding inflation weighing on crude’s best start to…
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BUSINESS NEWS
State-owned oil companies risk wasting US$400 billion in oil and gas investments – NRGI report
State-owned oil companies, according to a report by the Natural Resource Governance Institute (NRGI), risk wasting over US$400 billion investments…
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BUSINESS NEWS
Oil sector investments to increase 50 percent
Investments in Ghana’s oil sector is expected to rise by 50% next year as the near-term outlook for oil production…
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