Group Profits of Ghana Oil Company Limited (GOIL) increased by 21 percent to GH¢65.1million in 2017. GOIL as a company also recorded a profit after tax of GH¢39,335,000 compared to the GH¢35,256,000 recorded in 2016
GOIL also paid GH¢1.128bn as taxes and levies to government during the same year.
This was...
The attention of Springfield Exploration and Production Limited (Springfield), has been drawn to various print and electronic media publications on the topic of the unitization of the Afina and Sankofa fields with statements attributed to Eni Ghana Exploration and Production Limited as well as to ACEP, PIAC and IES....
MODEC Ghana Limited has appointed Portia Ama Anobea Oduro as the first female offshore Production Technician Trainee.
Portia is the only female among sixteen (16) other male candidates.
Her appointment also comes after four years of brazing the odds to succeed in her chosen career.
A native of Kwahu-Nkwatia, Porita had her...
GOIL Company in Ghana (GOIL), in partnership with the Ghana Interbank Payment and Settlement Systems (GhIPSS), has launched the gh-link card on GOIL’s Point of Sale (POS) devices for use across the country.
With this development, all gh-link cards used mainly by banks and other financial institutions can now be...
So Energy Ghana Limited, an oil marketing company and a subsidiary of the Sahara Group, has presented 20 units of oxygen-filled cylinders to the Tema General Hospital as its contribution towards the fight against the Covid-19 pandemic in the Tema Metropolis.
The company also promised to refill the cylinders at...
There has been a ray of hope: a landmark production-cut agreement among OPEC, OPEC+ and G20 stakeholders on April 12 put an end to the oil price war
Stunning drops in crude oil prices—the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia and Russia—have...
Of all the effects of the ongoing COVID-19 pandemic, one of the most significant, albeit mostly overlooked phenomena was the reduction in greenhouse gas (GHG) emissions that followed the unfortunate lockdowns governments, the world over, had to introduce to curb the spread of the virus. Whilst this includes emissions...
Amid geopolitics, global energy transition and rising prices
The country can significantly cushion itself against global energy shocks by developing its own gas resources, says Tullow Oil Plc Chief Executive Officer, Rahul Dhir.
Amid the ongoing geopolitics which have led to oil and gas prices reaching records not seen in...
…to allow gov’t settle US$92m debt
Government is opting to allow the 250-megawatt (MW) Africa and Middle East Resource Investment (AMERI) deal to run until end of April 2021, Benjamin Boakye, Executive Director of Africa Centre for Energy Policy (ACEP), an energy think-tank, has told the B&FT.
Government through the...
The Public Utilities Regulatory Commission (PURC) has announced a 27.15% increase in tariff for electricity and 21.55% increase in water tariff effective September 1, 2022.
It followed proposed increased in tariffs by utility companies—Ghana Water Company Limited and Electricity Company of Ghana (ECG). They were asking for 334 and 148...