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...
CSOs say taxes will promote already lucrative illegal trade
The economy loses over GH¢3billion in revenue every year from official and unofficial trade in petroleum products.
A breakdown of the amount shows that official trade – products that come into the country through approved channels but cannot be traced -...
Players call on gov’t for swift intervention
Local jewellers are struggling to keep their heads above water as a myriad of challenges are threatening to wipe out the industry that holds a semblance of connection to the country’s industrial gold mining sector which feeds refineries around the world.
The...
Former Minister of Power and Member of Parliament for Pru East, Dr. Kwabena Donkor has called on the National Petroleum Authority (NPA) to scrap the current fuel marking margin of GHp8 per litre charged the consumer saying that it has outlived the purpose for which it was introduced.
Dr. Donkor...
The Bulk Oil Storage and Transportation Company Limited (BOST) has responded to the Institute of Energy Security (IES) over the latter’s recent call for the withdrawal of increased margins on petroleum products.
BOST says the IES’ explanation of the increase in the BOST Margin was a “sensationalized interpretation”.
Last week, IES...
Over 250 individual local suppliers in the oil and gas industry have undergone a one-day virtual training in business ethics and compliance, hosted by the National Upstream Petroleum Business Academy of the Petroleum Commission.
The training was organised by the Petroleum Commission in collaboration with Tullow Ghana Limited, to give...
The Ghana National Gas Company has announced a reading project dubbed ‘Turn a Page’ for about 30,000 pupils from 30 Basic Schools in the Ellembelle district of the Western Region.
The ‘Turn a Page’ project is a literacy project that aims to inculcate reading habits into schoolchildren between the ages...
GOIL Company Limited will begin producing quality bitumen in large quantities by the end of September this year. The 35-million-dollar project started two years ago and has three facilities - a three-in-one project stocking raw bitumen, production of Polymer Modified Bitumen (PMB) and Emulsions.
The plant is about 82 percent...
The burden of Ghanaians will be worsened if government fails to withdraw its decision to increase margins on some petroleum products, Institute for Energy Security (IES), has warned.
The think-tank in a statement, described the decision by the National Petroleum Authority (NPA), which saw GHp3 per litre added on all...