The managing director of the Bulk Oil Storage and Transportation Company Limited (BOST), Edwin Provencal, has said the company is ready to take advantage of the African Continental Free Trade Area (AfCFTA), after revamping its revenue generating infrastructure.
Provencal made this disclosure when he took his turn on the #PatrioticSpaces...
The current management of the Bulk Oil Storage and Transportation Company Limited (BOST) has serviced the entire debt of the company, ushering a new lease of life to the once struggling state-owned enterprise.
The managing director of BOST Edwin Provencal said the company’s current management has cleared all the monies...
Tullow plans to invest US$300million into Ghana in 2023 - out of the group investment of US$400million, primarily in the Jubilee Field.
Investment in Ghana is expected to support production and free cash flow generation for the company, which will further reduce net debt and strengthen Tullow’s balance sheet. Over...
Q: It’s a new year and what should Ghanaians expect from the oil and gas industry with regards to revenue to government, exploration and production?
A: Government will continue receiving royalty, taxes and oil liftings as per the provisions of the Petroleum Agreements it has signed with the different companies...
The National Petroleum Authority (NPA) has sanctioned four Oil Marketing Companies (OMCs) for engaging in illicit third-party trading and unlawful lifting of petroleum products.
Per the sanction, Finest Oil will pay a fine of GH¢160,000 comprising GH¢10,000 for engaging in third-party supplies for the first time and GH¢150,000 for the...
The activities of smugglers remain a major threat to success of the country’s novel ‘gold for oil’ exchange programme, the Precious Minerals Marketing Company (PMMC) has warned.
The barter programme seeks to accumulate domestically mined gold in exchange for finished petroleum products in a bid to address currency depreciation; but...
The 1st Western Regional Oil and Gas Excellence Awards Ceremony has been held at the Akroma Plaza Hotel in the Western Regional capital, Takoradi, on Thursday, 15th December 2022. The Awards Ceremony which was organised by Top Brass Ghana under the auspices of the Western Regional Co-coordinating Council had...
The National Petroleum Authority (NPA) has revoked the licenses of 30 Oil Marketing Companies (OMCs) for non-compliance with the rules and regulations of the Authority on the acquisition and maintenance of the licenses.
The affected companies are Abagurugu Oil Company Limited; Apex Petroleum Ghana Limited; Avos Oil Company Limited; Best...
The Ministry of Lands and Natural Resources has said concerns about the intended government initiative to purchase oil with gold from the country will be resolved as the country readies to receive the first consignment of oil under the policy in a week.
According to the Deputy Minister for Lands...
The 1st Western Regional Oil and Gas Excellence Awards Ceremony has been held at the Akroma Plaza Hotel in the Western Regional capital, Takoradi, on Thursday, 15th December 2022. The Awards Ceremony which was organised by Top Brass Ghana under the auspices of the Western Regional Co-ordinating Council had...