Oil prices fell on Monday after China’s fiscal stimulus measures, announced at the National People’s Congress, failed to meet investor expectations, suggesting limited support for fuel demand.
There has been a 55.6 percent increase in revenue received for the period as a result of higher production, which recorded over 10 percent increase.
This is a result of a prudent governance system and efficient operational practices introduced by the Board and Management of the Company over the past four years.
According to him, the country currently relies on approximately 150 megawatts, leading to ongoing load shedding across major cities, commonly referred to as Dumsor.
The Public Interest and Accountability Committee (PIAC) has called for an urgent need to improve the legal, regulatory and fiscal framework to enhance the country’s investment climate and thereby attract the needed investments in the industry.
Springfield’s $200m Investment Drives Ghana’s Oil Sector Towards New Heights With Afina-1x Appraisal
In a bold step for Ghana’s energy future, Springfield Exploration and Production Limited has initiated a crucial appraisal of the Afina-1x well, aiming to cement its role as a leader in Ghana’s oil sector.
Government could buy petroleum products from Nigeria’s Dangote Oil Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe, the head of the country’s oil regulator said on Monday.
When industry players in Ghana’s energy sector recently gathered under the guidance of the Public Interest and Accountability Committee (PIAC), the stunted nature of the country’s oil production dominated the conversation.
In the grand tapestry of Ghana’s oil and gas sector, John Mahama’s vision stands as a beacon of hope and progress. As we navigate the complexities of energy production, it is critical for all stakeholders, including government entities, private investors, civil society, and the communities affected by extraction to come together and embrace a unified approach.
Springfield Exploration and Production Limited has begun well appraisal activities barely three months after an international tribunal directed the government to let the Ghanian firm do further work to complete the Afina-Sankofa unitisation.