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Ghana's oil revenue goes public today
Government’s management of revenue generated from the country’s oil and gas resources will today come under intense scrutiny when the Public Interest and Accountability Committee makes public its first detailed report.
The 13 member…
Posted by Isaac Twumasi Quantus on May 17, 2012 at 13:05
New mining frontiers in West and Central Africa
TradeInvestAfrica is proud to be associated with the 5th West & Central Africa Mining Summit 2012 through a media partnership with Singapore-based conference organiser, Magenta Global.
The Summit, which underscores the strong…
Posted by Isaac Twumasi Quantus on May 16, 2012 at 9:30
UniCem looks to partner state governments
United Cement Company of Nigeria Limited (UniCem), Calabar, Nigeria’s third largest cement manufacturer has pledged its willingness to partner governments, especially the states in the South-South and South East zones, in adopting the use of…
ContinuePosted by Isaac Twumasi Quantus on May 15, 2012 at 12:30
Tap Oil Sees Ghana Extension
The Ministry of Oil in Ghana has granted Tap Oil a 12-month extension on its initial exploration period for the Offshore Accra Contract…
Posted by Isaac Twumasi Quantus on May 15, 2012 at 12:22
Forte Oil Plc Deploys SAP, Set to Improve Operational Efficiency
Nigeria’s leading indigenous Petroleum Products Marketing Company Forte Oil Plc (Formerly African Petroleum Plc) announced the deployment of world Class Enterprise Business solution- SAP across its Business.…
Continue Posted by Linda Larbie on May 10, 2012 at 15:48
Ngamia-1 well in Kenya Rift Basin discovers further oil
Tullow Oil plc (Tullow) announces that the Ngamia-1 exploration well onshore Kenya in Block 10BB has now been drilled to an intermediate depth of 1,515 metres and the total net oil pay encountered so far has increased to in excess of 100 metres…
ContinuePosted by Linda Larbie on May 10, 2012 at 15:37
African Oil Industry News
Ghana: 'Transparency Scorecard Shows Room for Improvement in Oil and Gas Sector'
[Ghanaian Chronicle] "Transparency scorecard shows room for improvement in Ghana's oil and gas sector" Institute of Economic Affairs review.Zimbabwe: Green Fuel - Ministers' 'Ignorance' of Project Shocking
[Zimbabwe Independent] GREEN Fuel has dominated newspaper headlines over the past few weeks, but not for reasons that are unlikely to turn anyone green with envy. In fact, it is a classical case of why Africa continues to be backward.Zimbabwe: Call for Mandatory Blending of Fuel
[The Herald] THE Confederation of Zimbabwe Industries has called on the Government make blending of fuel mandatory. The call comes as low uptake of Green Fuel's 90:10 percent petrol-ethanol blend -- E10 -- has forced the company to stop production after stockpiling 10 million litres of the product at Chisumbanje and exhausting storage capacity.South Africa: Country Working On Response to Iran Crude Oil Sanctions
[BuaNews] Pretoria - South Africa is working on "the most appropriate" response to the European Union (EU) and US crude oil sanctions on Iran, says the Department of Energy.Ghana: Tullow Produces Over 33 Million Barrels Oil in 2012
[Ghanaian Chronicle] Tullow Oil, Africa's leading independent oil exploration firm has disclosed that from January 2012 to date, Jubilee field production averaged approximately 67,000 barrels of oil per day (bopd), while cumulative production to date stands at over 33 million barrels and 34 liftings.Africa Energy News
Angola: New Board to Improve Energy Sector - Minister
[ANGOP] Luanda - The Angolan minister of Energy and Water, João Baptista Borges, said Thursday in Luanda that the investment of the new management boards for EDEL and ENE is intended to reduce the deficit in the supply of electricity and improve the services.Kenya: Residents Reject Gas Plant Project
[The Star] Kisumu residents have opposed the construction of a gas plant in the area citing geological risks. The people of Nyalenda 'A' ward said the construction of the plant opposite Kasagam secondary school along the Nairobi-Kisumu highway will pose a great risk to the students and residents.Angola: Minister Points Out Power Stability in Country By 2016
[ANGOP] Luanda - The definitive stabilization of power supply in the country will be materialised by 2016 when the main dams start injecting important energy capacity blocks.South Africa: Bidders of Second Window of Independent Power Producers to Be Announced Next Week
[BuaNews] Pretoria - The preferred bidders for the second window of the Independent Power Producers (IPPs) will be announced next week, says Energy Minister Dipuo Peters.South Africa: Energy Minister Hopeful On Fracking Report
[BuaNews] Pretoria - Should a report find that fracking is possible in the country, South Africa should forge ahead with it as it could contribute to energy supply security, Energy Minister Dipuo Peters said on Thursday.Africa Business News
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Developing nations should boost economic defences: IMF
The director of the International Monetary Fund Christine Lagarde urged developing countries on Monday to shore up their defences, especially foreign exchange reserves, against a possible European recession next year.
Lagarde was speaking during a visit to Nigeria in which she met President Goodluck Jonathan and Finance Minister Ngosi Okonjo-Iwaela and praised their planned economic reforms.
European finance ministers were discussing ways of boosting IMF resources to build a better firewall against the debt
Ghana cocoa purchases hit 448,528 T by Dec. 8
Cocoa purchases declared to Ghana's Cocobod reached 448,528 tonnes by Dec. 8 since the start of the season on Oct. 14, data from the industry regulator showed on Tuesday.
The figures compare with 421,711 tonnes of official purchases recorded during the corresponding eight weeks of the previous season, which ran from Oct. 1 to Nov. 25, according to the data seen by Reuters.
Total purchases for the week ending Dec. 8 were 36,822
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