The Tema Oil Refinery (TOR) is determined to replace its damaged furnace by the fourth quarter, which will return the refinery to the name plate capacity of 45,000 barrels per stream day (BPSD), along with other strategic steps to revitalise the company.
Contrary to recent media publications that the refinery...
Only 10 percent of companies operating along the entire upstream oil and gas value chain are insured locally with the largest chunk getting insured internationally due to the lack of capacity by local insurer, Chief Executive Officer of Glico Group of Companies, Edward Forkuo Kyei, has said.
According to him,...
The country spends millions of dollars importing bitumen yearly, but this could become a thing of the past when a US$35million bitumen plant built by Goil Company Limited comes on-stream at the end of September this year.
The 240-metric tonne per day emulsion and polymer modified bitumen (PMB) plant is...
Tullow Ghana has collaborated with the Ghana Upstream Petroleum Business Academy of the Petroleum Commission of Ghana to deliver a series of training programmes aimed at equipping current and future suppliers in the oil and gas industry, with requisite knowledge in supplier due diligence.
This is the second in a...
.. . shuts down 2 companies in Accra
Several Oil Marketing Companies (OMCs) across the country, which through the sale of petroleum products, have collected taxes and levies on behalf of the state and refused to credit the amounts into government coffers are in hot waters as the Ghana...
The Petroleum Commission has expressed worry over the growing reports of incursions into safety zones around Ghana’s offshore oil fields.
New data published by the Commission showed that within the first quarter of 2021, safety zones around Ghana’s oilfields offshore recorded 1986 incursions.
The report, titled ‘Coexistence: Implications of incursions into...
…as Sankofa, Afina oil fields unitisation continue to delay
Government stands to rake in US$8.4billion revenue from the proposed unitisation or merger of the Sankofa and Afina fields; but the continued delay in the process puts such huge revenues at risk, especially in COVID-19 times such as these, the energy...
Former Power Minister and Member of Parliament for Pru East Constituency, Dr. Kwabena Donkor, has challenged the National Petroleum Authority (NPA) to investigate suspected anomalies by some Oil Marketing Companies (OMCs) which cause huge losses to the state.
According to him, the volumes of fuel lifted by some OMCs do...
Oil producers Eni Ghana Exploration and Production Limited and Springfield Exploration and Production (SEP) Limited are yet to unitise their Sankofa and Afina fields, despite a government directive requiring them to do so a year ago.
In April 2020, the Ministry of Energy in a letter signed by former Minister Peter...
…nearly 4yrs after Atomic Junction accident
A GH¢60million investment by the Liquefied Petroleum Gas Marketing Companies (LPGMCs) Association into building about 100 LPG retail outlets before the 2017 Atomic Junction accident in Accra is at risk of going down the drain.
Government, after the incident which happened October 27, placed a...