Petroleum Tanker drivers can heave a sigh of relief, as government is set to begin construction on the 5.4km road from the VALCO Roundabout to the Tema Oil Refinery (TOR) depot area.
The construction will be done in 24-months and is expected to begin in two weeks.
This was disclosed by...
The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has said the NPA will not hesitate to revoke the licences of industry players who continually flout the rules.
Dr. Abdul-Hamid said this at a meeting with board members of the Association of Oil Marketing Companies (AOMC) at...
The newly incorporated Association of Indigenous Oil Marketing Companies of Ghana (AIOMCG), has revealed that it continues to receive more membership interest, from Ghanaian owned Oil Marketing Companies (OMCs).
According to the coordinators of AIOMCG, they have reached out to over 30 indigenous OMCs and more than 15 of them...
Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid has assured that his primary objective is to ensure rules and regulations are adhered to by players in the petroleum downstream industry.
According to him, that is the only way the industry will achieve its vision, whilst players enjoy...
Italian oil giant Eni has announced a significant oil discovery on the Eban exploration prospect in Cape Three Points (CTP) Block 4, offshore Ghana. The Eban - 1X well is the second well drilled in CTP Block 4, following the Akoma discovery.
Preliminary estimates place the potential of the Eban–Akoma...
Tullow Oil has announced the drilling of two more wells at Jubilee field - oil production and water injector wells – so far this year, in an effort to increase production; which would offset the near‐term production declines.
This forms part of Tullow’s new strategy for a multi-well drilling programme...
A Hight Court has ordered Italian oil and gas firms ENI and Vitol to set aside 30 percent of oil proceeds from the Sankofa Field in an escrow account, pending the final determination of an application filed by Springfield E&P - a wholly Ghanaian-owned upstream firm.
The two oil companies...
A Commercial High Court has ruled in favour of Springfield Exploration & Production (SEP) Limited to freeze 30% of revenues received by Eni and Vitol from the sale of crude oil from the Sankofa field, which is operated by Eni Exploration and Production Ghana Limited and the subject matter...
...looks to brighter 2021
GOIL Company Limited will pay shareholders GH¢0.045 per share as dividends for 2020, despite the economic downturn caused by the Coronavirus pandemic, its Board Chairman, Kwamena Bartels, has disclosed.
Addressing shareholders at the company’s 52nd Annual General Meeting (AGM) held virtually, Mr. Bartels noted that GOIL’s growth...
Puma Energy Distribution Ghana Limited one of Ghana’s leading Oil Marketing Companies (OMCs) has dropped its price per litre at the pump to GH¢5.99. The reduction, according to the company, is consistent with its commitment to offering value to its customers.
All 84 branches nationwide have as of June 16...
