Oil & Gas

Fuel prices are likely to up in the coming days following a surge in prices of finished petroleum products and crude on the international market, analysts have projected. In separate analysis of the May 2022 First Pricing Window (May 1 to May 15, 2022), the Chamber of Petroleum Consumers (COPEC) …

Reverend Professor Adobea Yaa Owusu, Associate Professor at the Institute of Statistical, Social and Economic Research, (ISSER) has recommended to Government to strengthen national institutional and regulatory frameworks to help address challenges associated with trajectories of Ghana’s solar energy development. She noted that increasing the use of non-renewable energy sources …

Dr Mohammed Amin Adam, the Deputy Minister of Energy, says Africa has seen low hydrocarbon exploration investment in recent time. He said major oil companies that had played key role in the oil and gas exploration on the continent were being impressed upon by their investors to reduce investment in …

Some fishers in the Cape Coast Metropolis have condemned the politicisation of premix fuel that was collapsing the work of artisanal fishers. According to them, the short supply of the commodity, mismanagement and the sharp decline in fish catch over the years have increased hardship in fishing communities. “Already, there …

Ghana will soon offer new oil blocks in the Western and Eastern Basins for exploration through direct negotiations, Dr Mohammed Amin Adam, the Deputy Minister of Energy has said. The offer, he said, was part of enhanced exploration strategies aimed at accelerating extraction to generate revenue, create jobs and support economic growth. Dr Amin said this on …

The Reverend Dr. Samuel Worlanyo Mensah, an Economist and Executive Director of Centre Impact Africa (CGIA) has urged the government to revamp and expand the capacity of Tema Oil Refinery (TOR). He suggested to the government to either build a new local refinery or expand TOR’s capacity to reduce the …

Higher crude oil prices on the international market boosted Ghana’s petroleum revenue from $666,390.751 in 2020 to $783,352,849.87 in 2021, the Public Interest and Accountability Committee (PIAC) has said. The PIAC said that at a public forum on the management and use of oil revenue at Sefwi-Wiawso in the Western …

The Takoradi Technical University in collaboration with Jubilee Technical Training Centre, have conferred internationally recognized City & Guilds certificates on the first batch of trainees of the Accelerated Oil and Gas Capacity (AOGC) building  programme. One hundred and fifty graduates, made up of 127 males and 23 females from diverse …

Ghana’s upstream oil and gas sector contributed 3.83 per cent to the Gross Domestic Product in 2020. Dr John Ampontuah Kumah, the Deputy Minister of Finance, said the contribution of the upstream oil and gas sector to energy generation in Ghana could not be over-emphasized. Dr Kumah said this when …

The West African Gas Pipeline Company Limited (WAPCo) at Aboadze in the Shama District of the Western Region, has marked its 10th Anniversary of commercial operations in Ghana with the commendation of staff for their hardwork and dedication to duty. Mr Gregory Germani, the Managing Director of WAPCo, said the …