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...
The Ghana National Petroleum Corporation (GNPC) has indicated it will explore all avenues to retrieve the US$50million it advanced to the Ministry of Finance (MoF) in 2014, the Public Interest and Accountability Committee (PIAC) report has revealed.
The US$50million was advanced to the Ministry of Finance for construction of Western...
8 drivers on the ran
Says fuel safety is assured
Another truck carrying adulterated petroleum product has been intercepted by the Bulk Oil Storage and Transportation Company Limited (BOST) at its Kumasi depot, after eight others were also detected earlier.
The adulterated product was detected during pre-discharge testing, BOST said...
Fourteen management executives of the state-owned Tema Oil Refinery (TOR) have been interdicted for smuggling petroleum products worth over US$14million in the past nine years.
A three-member Interim Management Committee (IMC), chaired by Ing. Nobert Cormla-Djamposu Aku, uncovered the massive smuggling at the state oil refinery - spanning from 2012...
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...
