Consumers of petrol and diesel should expect a further drop in price at the pump as the price of crude on the world market continue to fall, the Institute for Energy Security, predicts.
In its May, 2020 pricing window forecast, IES notes that going by the 13.05 percent reduction in...
…Toward new imperatives for natural resource diversification
Humanity is witnessing some of the most profound changes seen since the Great Depression. And, again, it is the vulnerable among us who will suffer the worst consequences. We are out on a limb, witnessing the most disruptive global transformational mutations observed in...
The oil market appeared to have weathered the storm of the 2015 price collapse and had responded with considerable accomplishments. By November 2017, domestic crude oil production had recorded its highest level in U.S. history. International trade in crude oil and petroleum products was booming with exports of 6.6...
The impacts of the current crisis are wide and affecting both Africa’s most promising exploration prospects, but also its multi-billion-dollar landmark projects.
The double crisis of the COVID-19 pandemic and the collapse in oil prices is taking a toll on African economies and the African energy industry. An unstable and...
U.S. output set to drop significantly after negative prices
Oil refiners to curtail processing as fuel demand remains weak
Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great...
Oil resumed its decline to trade near US$15 a barrel as swelling global crude stockpiles made it more difficult for leading producers to balance the market by curbing output.
Futures in New York slid as much as 11.8%, snapping a four-day gain. While U.S. drilling is sliding and Saudi Arabia has started reducing output ahead of...
A 330/161 kV Interconnecting Auto-Transformer project has been completed and opened by the Minister of Energy, John Peter Amewu at the Sunon Asogli Power Plant at Kpone to increase power transmission capacity in the country.
The project which commenced full-scale operation on April 15, 2020, involves the installation of a...
Indigenous Oil Marketing company, GOIL Company Limited has presented personal protective equipment (PPE), Veronica Buckets, and disinfectants to the Ashaiman Polyclinic in support of the government’s efforts to stem the spread of the COVID-19 pandemic.
The items, valued at GH₵20,000 comprised Veronica buckets; medical overalls; 2000 pieces of hand sanitisers;...
Nuclear energy is one of the more attractive options when considering a clean, reliable and cost-effective energy source
Despite its advancements over the years particularly in the oil, gas and power industries, it is no secret that Africa is still plagued with the very real issue of inefficient energy supply....
The issue of inequality at the workplace have been discussed extensively by many authors. But one sector in which women’s participation is below that of the broader economy, is the energy sector. Despite making up 48 percent of the global labour force, women only account for 22 percent of...