The Auditor-General (A-G) has submitted a report on the Management of Petroleum Funds for 1st January 2018 to 31 December 2018 to Parliament.
A statement signed by Mrs Ama Awoe-Bosumafi Assistant Director of Public Relations Unit on behalf of the Director General, and copied to the Ghana News Agency, in...
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...
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...
Oil prices slid on Monday as concern grew that a record rise in coronavirus infections worldwide could stall a recovery in fuel demand, outweighing tighter supplies from major producers.
Brent crude LCOc1 fell 10 cents, or 0.2%, to $42.04 a barrel by 0655 GMT, while U.S. crude CLc1 was at...
IEA says mobility picking up, Chinese demand rose
S. to contribute biggest single output reduction by end-2020
IEA deems Gulf Arab cuts insufficient to balance market
Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said last week Thursday, but it trimmed...
The Ghana Oil and Gas Insurance Pool has been leading in underwriting upstream oil and gas insurance risks over the last couple of years.
The Pool was set up in 2010 to exclusively underwrite assets and liabilities in exploration through to production and decommissioning phases, and has over the last...
Nigeria’s oil and gas exports are expected to decline by at least $26.5 billion as the novel coronavirus batters international prices and cuts fuel demand, the International Monetary Fund said late last week Wednesday.
Nigeria, Africa’s largest oil exporter, told the IMF in a letter requesting emergency financial assistance that...
The West African Gas Pipeline Company Limited (WAPCo), owner and operator of the West African Gas Pipeline (WAGP), has indicated that the improvement in bi-directional flow and significant reliability of gas supply from Nigerian gas has boosted its role as a reliable partner in meeting cleaner energy needs of...
Blue Ocean Investment Limited, a leading bulk distribution specialist of petroleum products, has received three ISO certifications - ISO 9001:2015 (Quality Management Systems), 1SO 14001:2015 (Environmental Management Systems), and ISO 45001:2018 (Occupational Health and Safety Management Systems) - making it the first bulk distribution company to be certified in...
will acquire additional 2D seismic data in 2023
As part of its exploration efforts, Ghana National Petroleum Corporation (GNPC) has acquired and processed over 3,800-Iine km of 2D seismic data from Phase 1 to 3 of the Voltaian Basin Project, the Chief Executive Officer (CEO) of GNPC, Opoku-Ahweneeh Danquah,...