As a result of the stringent measures instituted, the retail outlet failure rate has reduced drastically from 32% as at 2013 to 2.51% as at August, 2021,the Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid has said. Among the key strategies adopted are the revision of operating...
ZEN Petroleum has participated in the 2021 edition of the Forecourttech Conference in Alicante, Spain, being the only Oil Marketing Company (OMC) operating in Ghana to have taken part in the conference. ZEN’s participation is a crucial step towards bolstering the international standards that have defined its operations and...
If the stakes were not high, companies in the oil and gas industry could afford to take our work for granted and leave project execution to chance. For Mansa Engineering Limited, there is an established system and procedures that clearly define our approach to quality systems in every facet...
Annual losses stand at GH¢300m Public has paid GH¢3.8bn, current debt still GH¢2bn Political interference to blame Reforms, privatisation advocated More than GH¢3.8 billion of taxpayers’ funds went into settling Tema Oil Refinery’s (TOR) debts between 2003 and 2020, a report by Africa Centre for Energy Policy (ACEP), has...
The National Petroleum Authority (NPA) has refuted allegations made by the Member of Parliament for the Ajumako-Enyan-Esiam Constituency, Dr Cassiel Ato Forson, that the authority is acting with impunity and engaging in an act of illegality. Dr. Forson alleged that the NPA is illegally receiving revenues through the collection of...
A Commercial High Court in Accra has ruled that the former Energy Minister, John Peter Amewu, acted perfectly within the law when he directed the Italian Oil giant subsidiary Eni Ghana, and Springfield Exploration and Production Limited, to unitise their Sankofa and Afina operations. The Court, in a ruling, dismissing...
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...
GOIL Company Limited (GOIL) has handed over a GH¢1.7million modern bus terminal in Cape Coast to facilitate convenient travel for passengers.  The terminal will also facilitate Intercity STC Limited to improve operations in the western corridor. The bus terminal was constructed by GOIL and is being rented to STC. The...
The Africa Centre for Energy Policy (ACEP) wants government to utilise an estimated balance of GH¢948 million in the Price Stabilization and Recovery Levy (PSRL) to cushion consumers of petroleum products against rising pump prices. Established under the Energy Sector Levies Act, 2015 (Act 899), the PSRL is to serve...
Kosmos Energy has acquired additional 18 percent interest in the Jubilee field and 11 percent interest in the TEN fields in Ghana from Occidental Petroleum (“OXY”) for a purchase price of US$550 million. The transaction increases Kosmos’ interests in Jubilee to 42.1 percent and in TEN to 28.1 percent, and...

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