Oil price at two-year high after Qatar warns all Gulf production could stop within days. Oil prices have risen to their highest level in more than two years, after Qatar’s energy minister warned he expects all oil and gas exporters in the Gulf to stop production within days.Saad al-Kaabi told the Financial Times that the...
Author: Energy Crossroad (Energy Crossroad)
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Middle East crisis: Ghana’s immediate threat is price, not fuel availability – Energy Ministry
The Technical Advisor at the Ministry of Energy and Green Transition, Dr. Yussif Sulemana, has assured that Ghana is not facing an immediate fuel supply shortage despite rising tensions in the Middle East.His comments come amid concerns about a possible oil crisis following the ongoing conflict between the US, Israel, and Iran, which analysts say...
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Great Britain Has Less Than Two Days of Gas Amid Middle East War – The Guardian
The widening regional war of Israel and United States attacks on Iran is beginning to ripple through global energy markets, raising concerns in United Kingdom over declining fossil gas reserves. Figures from National Gas show Britain currently holds 6,999 gigawatt hours of gas, down from 9,105 GWh a year earlier. While the country’s maximum storage...
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Oil price surge may turn Iran conflict into windfall for Ghana – Dr Adu Sarkodie
Economist Dr Adu Owusu Sarkodie says the escalating war in the Middle East could unexpectedly boost Ghana’s revenue if rising global oil prices persist. Speaking on Joy News’ PM Express Business Edition on Thursday, he explained that while geopolitical conflicts often trigger economic shocks, oil-producing countries like Ghana could benefit from higher crude prices on...
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US-Israel-Iran war cuts 22m barrels of fuel daily – COPEC
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has warned that Ghana could see a sharp increase in fuel prices as the global oil supply faces severe disruption due to ongoing hostilities in the Middle East.Speaking on The Big Issue on Channel One TV on Saturday, March 7, Mr Amoah described...
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Ghana’s five-week fuel reserve ‘abysmal’ – COPEC
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has described Ghana’s current fuel reserves as “abysmal,” despite the National Petroleum Authority (NPA) assuring the public that the country has more than five weeks of supply.Speaking on The Big Issue on Channel One TV on Saturday, March 7, Mr Amoah warned that...
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CBOD, COMAC Deepen Industry Collaboration to Strengthen Downstream Petroleum Sector
The Chamber of Bulk Oil Distributors (CBOD) has paid a courtesy call on the Chamber of Oil Marketing Companies (COMAC) as part of efforts to deepen engagement and reinforce collaboration within Ghana’s downstream petroleum industry. The CBOD delegation was led by its Chief Executive Officer, Dr. Patrick Ofori, and included Richard Kissi, Head of Finance...
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GNPC Explorco, LubriMax, WEP seal deal for Ghana’s first onshore Voltaian Basin drilling
Ghana’s long-anticipated Voltaian Basin drilling campaign has moved closer to reality following the signing of a major project management consultancy agreement between GNPC Explorco and LubriMax Ghana Limited together with its technical partner Well Engineers and Planners to commence drilling in the Voltaian Basin The agreement, signed signal a significant milestone toward Ghana’s first large-scale...
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NPA Assesses Tema Oil Jetty Readiness for 24-Hour Operations
The Director of Port, Tema, Mr Tebon Zumah, today received a delegation from the National Petroleum Authority. The delegation, led by its Chief Executive Officer, Mr Godwin Edudzi Tamakloe, visited to assess and confirm the readiness of the Tema Oil Jetty for 24-hour service. The engagement follows an earlier inspection conducted last year, during which...
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Energy Minister John Abdulai Jinapor Calls for Integrated Climate Action at 5th IRAD Conference
The Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, has called for bold and integrated measures to address the growing impacts of climate change on water resources and national development. Speaking at the 5th IRAD International Conference on Water Resources, Climate Change Resilience and Sustainable Systems, the Minister described it as an honour...