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We are burdened with heavy fees – OMCs 

The Association of Oil Marketing Companies (AOMCs) has expressed concern over the numerous operating charges and fees imposed on Oil Marketing Companies (OMCs) therefore, suffocating operators in the sector. “These unprecedented charges, have the tendency of becoming a cost component, which would eventually increase the overhead cost of operation, hence …

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Ghana Gas commences supply of gas to VRA

Ghana National Gas Company (GNGC) has commenced the supply of adequate gas to the Volta River Authority (VRA) to curb the current power outages in Country. This is as because the tie- in of its 11-km gas pipeline from Atuabo to the West African Gas Pipeline at the  Aboadze power …

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Ghanaian OMC field choked – Energy Expert

Mr Kwame Kessie, Energy Consultant on Friday averred that the local downstream oil marketing sector is choked as about 90 officially registered companies with the Association of Oil Marketing Companies (AOMCs) with scores of them as non-members. Mr Kessie who is the Managing Director of Mocoh Ghana Limited called for …

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Aker Energy announces $4.5m support for capacity building

Aker Energy has announced a $4.5 million support for government’s Accelerated Oil and Gas Capacity-Building Programme (AOGC) aimed at enhancing the capacity of Ghanaians to enable them work in the oil and gas sector. The programme, to be in effect for five years, would train individuals in various technical and …

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Ghana to save $300m annually for generating electricity with gas

Vice President Dr Mahamudu Bawumia on Wednesday said Ghana would save $300 million annually upon the successful completion of the reverse flow of natural gas from the Aboadze Power enclave to Tema for power generation. The move, he said, would make the country self-sufficient in using gas for electricity generation …

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Ghana Gas attributes power outages to tie-in of pipeline system

The Government has attributed the recent intermittent power outages experienced by domestic and commercial power consumers to the total shutdown of the Ghana Gas pipeline system to ensure effective inter-connection with the West Africa Gas Pipeline Company (WAPCo). The tie-in of the two companies’ systems is to ensure reverse flow …

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South Sudan plans to triple oil production by end of 2019

South Sudan plans to nearly triple daily oil production from the current 350,000 barrels daily to around 1 million barrels daily by end of 2019, a South Sudanese diplomat said on Monday. James Morgan, South Sudan ambassador to Ethiopia and the African Union, said with his country enjoying relative peace …

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Ghana spends more than GH¢790m of oil money on roads – PIAC

Mr Thomas Kojo Stephens, Vice Chairman of the Public Interest and Accountability Committee (PIAC)  has  called  for proper guidelines in the selection of priority areas when it comes to the execution of petroleum fund projects in the country . He also suggested to the government to select four priority areas …

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Cabinet approves new Downstream Petroleum Policy

Cabinet on Thursday, March 14, approved a new Downstream Petroleum Policy framework to ensure a Ghanaian-driven and Ghanaian-owned industry capable of attracting increased local and value-added investments and enhance job opportunities. The policy would also increase indigenous knowledge expertise and technology for the overall benefit of all Ghanaians. Mr Kojo …

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