French energy firm, Total, has seen first quarter profits rise, as rising oil prices helped counter the negative impact of exchange rate changes.
Net profit for the three months to the end of March reached 3.2bn euros (£2.5bn), up from 2.9bn euros for the same period in 2007.
But the firm saw a drop in production levels and gave no indication of what production would look like in 2008.
While oil prices have hit record highs, production costs are also increasing.
In February, state-controlled Total said it expected a 'significant' rise in oil and gas production in 2008, but problems at its North Sea Elgin-Franklin gas field have since dented output.
'Kill whoever will rig Ejisu by-election' – Independent Candidate supporters inv...
Ashanti Region: ‘Apologize to me for claiming I owe electricity bills else... – ...
Ghana is a mess; citizens will stand for their party even if they’re dying — Kof...
Internet shutdown an abuse of human rights — CSOs to gov't
Free SHS policy: Eating Tom Brown in the morning, afternoon, evening will be a t...
Dumsor: A British energy expert 'lied' Ghanaians, causing us to abandon energy p...
What a speech! — Imani Africa boss reacts to Prof. Opoku Agyemang’s presentation
Dumsor: Tell us the truth — Atik Mohammed to ECG
Dumsor: Don't rush to demand timetable; the problem may be temporary — Atik Moha...
Space X Starlink’s satellite broadband approved in Ghana — NCA
