Ghana has 1.2 trillion cube feet of gas in the Jubilee field, in the western region, which could meet the requirement of 15,000 barrels of crude oil needed to operate the Aboadze Thermal Plant. There are 1.8 billion barrels of crude oil (recoverable reserves) in the Jubilee field, making it single biggest in Africa and [...]

David MacKenzie reports. As always, the oil curse is a worry. Regardless, we are excited for Uganda… Will Uganda benefit from country’s new oil find? Kampala, Uganda (CNN) — The recent oil discovery in Uganda could signal an influx of unprecedented wealth for a country where more than a third of the population lives below [...]

Oluseun Onigbinde is currently a Banker with core interests in Corporate Strategy and Green Energy. He is the Director of Green Acts Group, a Think Green Initiative. Flags are usually designed with multiple colours, single stars or a galaxy, shining sun, Islamic symbols, parallel lines or tribal objects and so on. It marks of stepping [...]

Nigerian-born entrepreneur Kase Lawal is the epitome of the American dream. Arriving to the US a young, idealistic student, Lawal has carved a name for himself in one of the most competitive industries in the world: Oil.

Nearing end to blackouts…?…Ghana… ACCRA (Reuters) – Ghana expects new natural gas supplies arriving this year to help ease a power crunch that has triggered blackouts and raised electricity costs in one of West Africa’s premier economies. Some 130 million cubic feet per day (cfd) of the power plant fuel are expected this year from [...]

Ghana must “manage her expectations,” use oil to diversify her economy, maximize revenue… The International Monetary Fund forecasts Ghana’s economy to expand by four to five per cent this year. The resuscitation of Ghana’s is economy is attributed to investments linked to the offshore oil sector, which will come on stream in 2011.