… Mr Madjie directed questions about the technical details of these developments to the Petroleum Commission and the Ministry of Energy. “I’m sure folks at the Petroleum Commission will give you a lot more technical details.” Asked about ExxonMobil, he acknowledged that talks had t …
… It hosts Europe’s largest oil refinery, Shell’s 404,000-barrel-per-day Pernis plant, in addition to other oil refineries operated by BP, ExxonMobil and Vitol. …
… US President Donald Trump on Wednesday ordered an investigation into major energy companies, accusing Shell, ExxonMobil and other firms of “gouging” drivers by not reducing fuel prices even as oil costs fell. …
… Drawing examples from around the world, he cited Britain’s BP, America’s ExxonMobil, Malaysia’s Petronas and Saudi Arabia’s Aramco as companies that have helped their countries retain significant value from natural resource exploitation. …
… Mr Manteaw pointed to examples such as BP in the United Kingdom, ExxonMobil in the United States, Petronas in Malaysia and Saudi Aramco in Saudi Arabia as companies that have enabled their countries to retain substantial value from natural resources. …
… US giants ExxonMobil and Chevron saw their earnings fall compared with the same period last year, due to supply disruption from the Middle East, but both beat analysts’ forecasts and expect their profits to grow further as the year goes on, with the price of oil still significant …
… US giants ExxonMobil and Chevron saw their earnings fall compared with the same period last year, due to supply disruption from the Middle East, but both beat analysts’ forecasts and expect their profits to grow further as the year goes on, with the price of oil still significant …
Ghana Investment Promotion Authority CEO Simon Madjie acknowledged talks about ExxonMobil returning to Ghana but declined to reveal specifics, referring further questions to the Minister of Energy and Petroleum Commission. He also noted that Chevron and Shell signed an MOU to explore work in the Eastern Keta Basin, and reported interest from Petrobras in Ghana's petroleum acreages.
Ghana Investment Promotion Authority CEO Simon Madjie acknowledged talks about ExxonMobil returning to Ghana but declined to reveal specifics, referring further questions to the Minister of Energy and Petroleum Commission. He also noted that Chevron and Shell signed an MOU to explore work in the Eastern Keta Basin, and reported interest from Petrobras in Ghana's petroleum acreages.
Shell and Chevron have signed a memorandum of understanding to explore opportunities in Ghana's Eastern Keta Basin, while Brazil's Petrobras has expressed interest in the country's oil acreage and blocks. The developments occur alongside investment announcements from existing operators, including $2 billion in planned Jubilee field drilling and a $1.5 billion announcement by ENI and its partners.
Jubilee and ENI partners have announced combined investments of $3.5 billion in Ghana's oil sector, comprising $2 billion for drilling 20 wells in the Jubilee field and $1.5 billion from ENI and its partners, according to Ghana Investment Promotion Authority CEO Simon Madjie. He also cited interest from Chevron and Shell, which signed a memorandum of understanding to explore work in the Eastern Keta Basin, and Petrobras' interest in Ghana's oil acreages.
President Mahama announced that Ghana intends to build a 1,200-megawatt state-owned gas-fired thermal power plant, with an agreement to be signed before the end of 2026. The facility would become Ghana's largest single power facility, exceeding the 1,020MW Akosombo Hydroelectric Power Station.
An explosion at a Gunvor petroleum storage tank in Rotterdam's port on Thursday killed one person and injured six others during maintenance work. Police found no immediate sign of sabotage and said all scenarios remained under investigation.
Global benchmark Brent crude has fallen below $72.48 a barrel, the price before US and Israel launched attacks on Iran on 28 February, as traffic through the Strait of Hormuz resumes following a US-Iran Memorandum of Understanding on 17 June for nuclear negotiations and measures to end the war.
Dr Steve Manteaw attributes fierce public interest in Gold Fields' Tarkwa mining lease renewal to a widespread perception that Ghana is not receiving enough value from its mineral resources and wants greater benefits retained domestically. He notes that public frustration has been fuelled by claims that Ghana retains only a small fraction of value from mining, though he describes such figures as inaccurate.
Policy analyst Steve Manteaw cautioned against using public sentiment as the sole basis for handing mines to Ghanaians, noting that while widespread perception suggests Ghana retains only about five per cent of mining sector value, such figures are inaccurate and policy should be guided by sound analysis rather than emotion.
As the US-Israel war in Iran drives up energy prices and disrupts shipping through the Strait of Hormuz, major oil and gas companies report record profits. BP's first-quarter profits more than doubled to $3.2 billion, Shell reported $6.92 billion in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4 billion, with European firms benefiting from volatile energy prices and trading operations.
Major oil and gas companies including BP, Shell, and TotalEnergies have reported record profits as conflict and Iran's closure of the Strait of Hormuz have driven up energy prices and volatility. BP's profits more than doubled to $3.2bn, Shell reported $6.92bn in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4bn.