Parliament has directed the Ghana National Petroleum Corporation (GNPC) to take immediate steps to transfer its shares in the offshore company Jubilee Oil Holding Limited (JOHL) to its subsidiary company GNPC Explorco.
This development follows mounting concerns raised by several key stakeholders, including the Public Interest and Accountability Committee (PIAC)...
As part of its sustainability efforts focused on the environment, Vivo Energy Ghana, the company that markets and distributes Shell branded fuels and lubricants has entered into partnership with Environment 360, a Non-Governmental Organisation to roll-out a comprehensive recycling programme dubbed CyClean targeted at basic schools in the James...
The Managing Director of the state-owned Bulk Oil Storage and Transportation Company, Edwin Provencal, has confirmed that some private bulk distribution companies (BDCs) have been importing petroleum products at rates cheaper than imports under the government’s gold for oil programme.
The gold for oil programme is a government initiative under...
It is with deep regret and sorrow that the Chief Operating Officer (COO) of GOIL Plc, the Rev. Alex Josiah Adzew, goes home today, Thursday, 20th April, 2023.
His death occurred on Monday, 13th March, 2023 after a short illness.
Yesterday, Wednesday, 19th April, a Night of Hymns & Tributes was...
Says Sankofa to deliver US$8.1bn revenue to state
Eni Ghana is not against the prospect of jointly developing its Sankofa field with Springfield’s Afina discovery, the Italian company has said.
Its Managing Director, Giuseppe Valenti, said the company is in dialogue with relevant authorities - Ministry of Energy and...
Sunon Asogli Power Ghana Limited has expanded its operations into Freetown Sierra Leone where it is planning a 20MWp-50MWp Solar PV in one year and another 160MW to be known as Bengongor Hydro Power plant in four years.
The move, according to the country’s biggest Independent Power Producer forms part...
Rather than cutting back on imports, China pushed crude oil into storage tanks at almost double the rate in the first quarter of this year than it did in the same period in 2019 as the new coronavirus hit domestic consumption.
China doesn't release official data on flows into strategic...
With the country expecting its fourth consecutive decline in oil production since 2010 - as a result of reduced production in all three existing oil fields, industry experts are raising concerns about the impact on Ghana National Petroleum Corporation’s (GNPC) financial stability.
They warned that a dent in the national...
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 Ghana Upstream Petroleum Chamber has called on the Secretary to the Economic Management Team, Prof. Joe Amoako-Tuffour, in the Vice President’s office at Jubilee House.
The team was led by Mr. Joe Mensah, Senior Vice President & Head of Kosmos Energy Ghana; Chairman of the Council of the Chamber,...