Tag: Oil and Gas Industry
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Ghana still working to improve local content in Oil & Gas industry- Akufo-Addo
President Akufo-Addo says Ghana is still struggling to get more local companies to participate in the oil and gas industry years after laws allowing local content were enacted. The President was speaking at this year’s International Energy Conference and Expo in Guayana. Ghana’s local content policy underpinned by L.I 2204, is geared towards a progressive…
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LPG marketers urge government to reconsider increase in gas prices
The Liquefied Petroleum Gas (LPG), Marketers Companies Association of Ghana is asking the government to reconsider the announced 18-pesewa upward adjustment on a kilogram of LPG. According to the association, the tax will further worsen the plight of consumers and subsequently lead to a reduction in the use of the product. The association further indicated…
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US oil prices turn negative as demand dries up
The price of US oil has turned negative for the first time in history. This is according to the British Broadcasting Corporation (BBC). That means oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could run out in May. Demand for oil has all but dried up…