Crude oil prices were on the rise on Thursday morning as Russia engaged in a “special military operation” in Ukraine. The price of Brent crude oil is now well over $100 per barrel for the first time since July 2014. The price of Brent crude reached $104.99 per barrel -...
APAVE International and its local partners, Integrity Logistics and Consult Limited (oil and gas service companies), have inaugurated a Training and Support Centre at Beahu in the Ahanta West Municipality of the Western Region. The almost-US$6million state of the art centre will provide training programmes to support various onshore and...
The Management, Staff, Students and Past Students of Keta Senior High Technical School (KETASCO)  has congratulated Dzolalian Curtis Perry Kwabla Okudzeto on his appointment as the Deputy Chief Executive Officer of the National Petroleum Authority. A statement from the past students association said  “the appointment of Dzolalian Curtis Perry Kwabla...
President Akufo-Addo has appointed Perry Okudzeto and Linda Asante as Deputy Chief Executives to assist in manning affairs of the National Petroleum Authority. Their appointment is pursuant to the powers vested in the President under Section 49 (1) of the National Petroleum Authority Act, 2005 (Act 691). "Pursuant to the powers...
The National Petroleum Authority (NPA) says it is reviewing the Act to meet international standards, demands and expectations. Dr Mustapha Abdul-Hamid, the Chief Executive of the NPA, said the review was necessary because certain limitations had been identified in Act 691, 2005, which regulated and ensured safety standards in the...
Upper West Regional Minister, Dr. Hafiz Bin Salih has expressed concern over the adulteration of fuel and the increasing cases of smuggling to neighbouring countries. He stated that the region is not only notorious for the smuggling of agricultural inputs but petroleum products as well. The Minister, therefore, called on the...
GOIL is the biggest Ghanaian-owned Oil Marketing Company listed on the Ghana Stock Exchange. The company has the largest and most extensive network of service stations at over 420 with the biggest market share while competing among over 120 oil marketing companies. The company is ISO 9001:2015 as well...
The Group CEO and Managing Director of GOIL, Kwame Osei Prempeh, has cut the tape to officially open a newly refurbished service station at Kwabenya, Accra. Located near the Atomic Road Kwabenya roundabout, the modern service station is equipped with an ultra-modern GoCafe, Auto centre, Lube bay, a Pharmacy and...
Last year, the Petroleum Holding Fund (PHF) received a total of US$664.9million as petroleum receipts realised from oil liftings among other revenues during the period, the semi-annual report on performance of the Ghana Petroleum Funds has shown. Per the report from the Bank of Ghana on performance of the PHF,...
An Accra Commercial High Court has ordered the Operators of Ghana’s Sankofa oil field, ENI Ghana Limited and its partner Vitol Upstream Ghana Limited, to immediately pay 30 percent of revenue realised from the sale of crude oil from the field to the Court Registrar. The payment, which is estimated...