Total writes off $9.3B in oilsands assets, cancels Canadian oil lobby membership
French energy giant Total says it is writing off $9.3-billion worth of oilsands assets in Alberta and cancelling its membership in the Calgary-based Canadian Association of Petroleum Producers. Total now considers oil reserves with high production costs that are to be produced more than 20 years in the future to be “stranded” given its carbon […]
Ghana:Petroleum holding fund for 2020 Q1 drops by $124m as against 2019 Q1
A new report by the Bank of Ghana shows that the country received a total of 310.14 million dollars into Ghana’s Petroleum Holding Fund (PHF) for the first half of 2020. Compared to same period in 2019, the figure dropped by $124. 34 million dollars as the figure for last year was $434.48 million dollars. […]
Saudi Arabia may be forced to cut oil prices once again
After three consecutive months of raising its crude oil prices, the world’s largest oil exporter, Saudi Arabia, is widely expected to make the first cut to its official selling prices (OSPs) since the OPEC+ group started their record production cuts to prop up the market and prices amid crashing demand. Oil refiners and traders in […]
African Energy Chamber Launches New Energy Jobs Portal and Pledges to Boost Local Content
The platform will assist local and international companies in attracting local talent across 30 different skills set in the oil & gas, power and renewable energy sectors JOHANNESBURG, South Africa, July 7, 2020/ — In order to maximize the saving of local jobs and assist in the recovery of African energy markets after the Covid-19 […]
VACANCY: Natural Resource Governance Institute President & CEO
The Natural Resource Governance Institute (NRGI)’s mission is to secure a future where countries rich in oil, gas and minerals achieve sustainable, inclusive development—one where people receive lasting benefits from extractives, and the negative impacts associated with the sector are minimized. NRGI is an independent, global non-profit organization that works collaboratively to generate and translate […]
Revenues of Oil and Gas firms in Nigeria drop by $214 million in 3 months
Revenues of some of the major oil and gas companies quoted on the Nigerian Stock Exchange fell by about 38% in the second quarter of 2020 wiping out a whopping N84.7 billion(over 214 million dollars ) from their topline revenues. This is according to data compiled from the recently released results of the listed companies […]
Mother of PWSL CEO Yvette Selormey laid to rest
Madam-Mary Asumpta Foli, the mother of the CEO of PWSL Yvette Selormey has been laid to over the weekend at the All Saints Catholic Church, community 11, Tema A pre-burial event and burial mass were held on Saturday August , 20201 and a thanksgiving service on Sunday, August 2, 2020. Madam Foli passed away on Tuesday June […]
PEF meets with stakeholders on election project to influence political party manifestos
The Private Enterprises Federation has met with stakeholders including the Association of Ghana Industries, CBOD, Ghana Chamber of Telecommunications at their Nationwide Validation workshop. The meeting was aimed at influencing party manifestos to enhance private sector growth competitiveness and profitability. The main objectives of the project are as follows; 1) influence political party manifestos, 2) […]
