By Anny OSABUTEY, Ronnie BOTCHWEY and Alvin Nii Okai KASABROFO The Kpledo Tsoshishi (Beneath the Tree), venue for the Lalue Kpledo celebration, is a happy place. The sounds of the Kple Mie or drum is enough to lure people to dance; and the dance pattern varies and follows no specific...
The National Petroleum Authority (NPA) has signed an agreement with Senegal and Gambia for the importation of petroleum products from Ghana. This adds to the already existing countries; Mali, Niger, Burkina Faso, Cote D' Ivoire and Togo importing petroleum products from the country. In the year 2023, the volume of Petroleum...
The National Petroleum Authority (NPA) has said it became unsustainable to keep the subsidy on Residual Fuel Oil (RFO) because it was affecting supply. It explained that suspending the subsidy on RFO was done to ensure regular supply of the product to industry, since the high price of fuel and...
Global oil super major, Exxon Mobil is expected to officially sign an exploration agreement with government this week to allow it undertake petroleum activities at the Deepwater Cape Three Points (DWCTP) Block off the western coast of the country. Although, the entry of Exxon Mobil into the country has been...
The Ghana National Petroleum Corporation (GNPC) has acquired 7 percent commercial interest in both the Jubilee and TEN blocks from Occidental Petroleum (OXY). In a statement, GNPC said the assets were acquired at a price of US$199million effective April 1, 2021 and adds to the state-owned company’s existing Carried and...
Puma Energy Distribution Ghana Limited, one of Ghana’s leading Oil Marketing Companies (OMCs) on Wednesday, August 11, launched their Infrastructure Site Safety Campaign in Takoradi. Dubbed ‘Safety is Personal’ is premised on the need to personalize safety at Puma Energy’s nationwide to give staff a sense of ownership. The campaign...
Absa Bank Ghana has signaled its commitment to closely collaborate with leading energy companies such as Tullow Ghana, in developing the oil and gas sector. The two companies made headlines late last year when their concerted approach to deal-execution led to the delivery of Ghana’s first ever wholly-owned sea...
Crude oil prices were on the rise on Thursday morning as Russia engaged in a “special military operation” in Ukraine. The price of Brent crude oil is now well over $100 per barrel for the first time since July 2014. The price of Brent crude reached $104.99 per barrel -...
The National Petroleum Authority (NPA) has cautioned the public against placing Liquified Petroleum Gas (LPG) cylinders near naked fire or inflammable liquid. The Authority said such act could cause fire outbreaks which would result in loss of lives and property. Speaking at an LPG awareness and sensitization campaign durbar at the...
Government is expected to accrue US$1.56billion as export tax from a US$60billion investment into the establishment of the Petrochemical Hub in the Western Region, a report of the select committee on Mines and Energy on the Petroleum Hub Development Corporation Bill. 2020 has revealed. According to the report presented to...