Monday, November 11, 2024
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Oil and Gas

Maritime border dispute between Kenya and Somalia escalates

A dispute over a maritime border between Kenya and Somalia has escalated forcing Kenya to recall its ambassador to Somalia. The Kenyan foreign ministry confirmed...

Tullow to resume payment of dividend in 2019

Oil Giant Tullow is to resume payment of dividend from next year after halting the payment in 2014. That’s the revelation from its Chief...

Africa’s oil and gas sector gets positive outlook

The latest Price Water House Coopers (PWC ) report  has revealed a positive outlook for Africa’s oil and gas sector despite difficult operating and...

Tullow to drill eight new oil wells in Ghana

Oil Giant Tullow is preparing to drill eight new wells in the Ghana from next year. The company suspended its operations in Ghana's waters...

Saudi Arabia cancels sale of shares in oil giant Aramco

Saudi Arabia is reported to have cancelled its plans to sell shares in state oil giant Aramco, which had been billed as the largest...

Dangote signs $650 million Afreximbank loan

Aliko Dangote, Africa’s richest man has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank). The loan facility signed on Saturday is meant...

Ghana to establish a new 4 billion dollar refinery

The Ghana government has announced moves to establish a new oil refinery in the Western part of the West African country.

Nigeria Reclaims Africa’s Top Oil Producer Spot

Nigeria may have reclaimed its position as Africa's top oil producer which it lost to fellow African oil producer, Angola earlier in March 2016. According...

Latest news

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...

Ghana’s new law that jails citizens not wearing facemask 10 years

Ghanaians who fail to wear the face masks in compliance with a presidential directive risk going to jail for ten years. They also face a...
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