Saturday, October 1, 2022
The upstream petroleum industry awarded contracts worth US$3.6billion to indigenous companies over the last three years, thereby deepening the local content policy. The contracts were awarded between 2018 and 2021 by upstream petroleum exploration and production firms as part of efforts to increase local participation, says the Ghana Upstream Petroleum...
Fairtrade Africa has organised its General Assembly (GA) last week in Accra, Ghana for Fairtrade certified producer organisations across the continent. The GA is the highest decision-making body of Fairtrade Africa, constituted by representatives of producer organisations across Africa who meet annually to deliberate on topics related to trade,...
(Bloomberg) — Shell Plc, ExxonMobil Corp., Chevron Corp. and Equinor ASA plan to withdraw multibillion-dollar lawsuits against Nigeria’s state energy company after finalizing new terms for deepwater oil production in Africa’s largest crude producer. In letters to two New York federal judges on Aug. 22, the oil majors said they...
The cost of fuel at the pump is of interest to every Ghanaian because of its direct impact on our daily lives. Whether you drive a personal car or use public transport, the changes in the prices of fuel affects your cost of living. Fuel is a key ingredient...
The Group Chief Executive Officer and Managing Director of GOIL, Mr. Kwame Osei Prempeh has paid a working visit to the BOST Terminal at Buipe in the Savannah Region. The visit was to acquaint him with operations of the terminal facility. The depot has a total storage capacity 50,000 cubic meters...
Beginning October 2022, gold licence holders are mandated to file monthly returns on all gold purchases in the country, the Precious Minerals Marketing Company (PMMC) has directed. This new directive is in line with the PMMC’s efforts and mandate - as the sole assayer of gold in the country -...
The Bulk Oil Storage and Transportation Company Limited (BOST) made a net profit in excess of GH¢163million last year, compared with a net loss of GH¢291million registered in 2020. This represents an over GH¢451million improvement in the company’s financial performance during the period.  Details of operational results are shown in...
Tullow Ghana has concluded a 10-month Supplier Finance Readiness Programme designed to provide selected suppliers impacted by the COVID-19 pandemic in the oil and gas industry in Ghana, financial and business advisory support to build financially resilient and sustainable businesses for the future. The programme, which was implemented by Invest...
Genser Energy on Wednesday announced that it has successfully achieved financial close for an eight-year USD425m funding package. The funds, which comprise a syndicated senior loan facility of USD325m and a USD100m mezzanine loan facility, will be used to refinance existing debt and finance the next phase of expansion projects...
Officials of the Ministry of Energy and National Petroleum Authority (NPA) have toured the newly renovated facilities of Sigma Ghana, a multinational company with 4 ISO certifications and over 24 years of experience manufacturing LPG cylinders in Ghana. The facilities after renovation now have a capacity of producing 1.2...
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