Monday, October 25, 2021
The Chief Executive Officer of Tullow Oil Plc, Rahul Dhir, has said that Tullow’s renewed Corporate Strategy and purpose is to build a better future through responsible oil and gas development that creates value for host nations, investors, staff and communities. Mr. Rahul Dhir disclosed this when he led...
Ivory Coast President Alassane Ouattara and Eni CEO Claudio Descalzi met last Friday to discuss the progress of Eni's activities in the country, following the giant offshore oil discovery of Baleine 1-X. As previously reported, Eni in September announced the major oil discovery in block CI-101, in what was the company's...
Shareholders of oil marketing giant GOIL have approved the nomination of four new members at a virtual Extraordinary General Meeting (EGM) held in Accra. The new Board members - Reginald Daniel Laryea, Mr. John Boadu and Angela Forson, all government representatives, and Mr. Edwin Provencal, BOST representative, were ratified to...
The newly constituted board of GOIL Company Limited (GOIL) has said it will prioritise growing the firm's profit by strengthening proper systems, efficiency while reducing waste. GOIL’s profit after tax in 2020 dropped to GH¢90.03 million down by 14.5 percent compared to the previous year’s GH¢105.5million. But the new board, chaired...
GOIL Company Limited has opened two stations in Accra and Keta. It is part of a strategy to make readily available the company’s quality products to customers countrywide. The first service station is in Accra near the Circle overpass and the popular Obra spot. The new station has two pump...
President Nana Addo Dankwa Akufo-Addo has made a firm commitment to ensuring a peaceful resolution of the Eni Ghana and Springfield dispute. Speaking at the maiden edition of the ‘Ellembelle Business Expo’ organised under the theme ‘Harnessing Our Investment Opportunities for a Sustainable Job Creation in Ellembelle’ as the Special...
The Ghana National Petroleum Corporation (GNPC), through its subsidiary, Exploration and Production Company Limited (GNPC Explorco) plans to buy a 37 percent interest in Deep Water Tano/Cape Three Points (DWT/CTP) owned by Aker Energy Ghana Limited and 70 percent stake in the South Deep Water Tano (SDWT) operated by AGM Petroleum Ghana Limited. The deal came to public knowledge after Energy Minister, Dr. Matthew Opoku Prempeh requested parliament to approve loan of US$1.65 million...
Puma Energy Ghana has opened a new retail service station at Odorkor. The branch is an addition to the multinational oil marketing company’s expansive nationwide roll-out. It is the third in recent times, after Pantang and Westland were also officially opened to the public. The Odorkor station like the others...
In early 2020, the oil market appeared to have weathered the storm of the 2015 price collapse, having responded with considerable accomplishments. By November 2017, domestic crude oil production had recorded its highest level in U.S. history. International trade in crude oil and petroleum products was booming with exports...
The Ghana Oil and Gas Insurance Pool has been leading in underwriting upstream oil and gas insurance risks over the last couple of years. The Pool was set up in 2010 to exclusively underwrite assets and liabilities in exploration through to production and decommissioning phases, and has over the last...
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