What happens when you give industries that are frequently ostracized for their role in environmental degradation an 'open license to pollute?' They take it with open arms.
"This is an open license to pollute. Plain and simple. The administration should be giving its all toward making our country healthier right now. Instead,...
In this question and answer session, Alex Mould, a former Chief Executive Officer of the Ghana National Petroleum Corporation and the Ghana National Petroleum Authority, explains the impact of the novel Coronavirus on Ghana's economy, why consumers will enjoy cheaper fuel and how the country could make the most...
OPEC has been at the center of one of the biggest stories of 2020 aside from COVID-19
Scan Western news about OPEC from the last few years, and a common observation tends to appear: OPEC had a huge influence on the global oil market back in the day. Now, in...
Rather than cutting back on imports, China pushed crude oil into storage tanks at almost double the rate in the first quarter of this year than it did in the same period in 2019 as the new coronavirus hit domestic consumption.
China doesn't release official data on flows into strategic...
The Ghana Integrity Initiative (GII) has appealed to the President, Nana Addo Dankwa Akufo-Addo, to commence immediate probe into the recent bribery allegations involving the former Chief Executive Officer of the Tema Oil Refinery (TOR) boss, Asante Berko.
According to the GII, the incident following which the former TOR boss...
US oil prices turned negative for the first time on record on Monday as North America’s oil producers run out of space to store an unprecedented oversupply of crude left by the coronavirus crisis.
The price of US crude oil collapsed by more than 105% to -$2 per barrel in...
To say this pandemic poses a threat of serious losses to the Petroleum Industry worldwide might not adequately capture the sheer numeric magnitude of the shortfall for this particular industry. We are talking about an industry where small change is spoken about in the billions, so you’d have to...
While oil contribution to government revenue is expected to drop by nearly US$600million, the sector's total contribution to Gross Domestic Product (GDP) is set to drop by US$2.5billion this year, according to Alex Mould, a former Chief Executive Officer of the Ghana National Petroleum Company (GNPC) and National Petroleum...
Zambia has become the latest African country looking for help to tackle its hefty debt burden this week as international lenders and analysts are warning the pandemic crisis could push many of the continent’s economies into debt distress.
Below are four charts to show some economic and fiscal pressures faced...
Ten years after Ghana discovered oil and started commercial production three years later, government says it plans to increase production volumes by moving to award new exploration contracts to IOCs.
How well have we fared in those 10 years and what are the emerging issues to look at, going forward?...