Oil & Gas

The Bulk Oil Storage and Transportation Company Limited, (BOST) has shut its head office at Dzorwulu in the Ayawaso West Municipality effective Monday, July 6 to Monday, July 13. This was after some staff of the Company were said to have tested positive for COVID-19. A statement issued by the …

The Association of Oil Marketing Companies (AOMC) on Sunday called on the security agencies to ward-off unauthorized intruders of the Oil Marketing Companies (OMC) operational landscape ‘filling stations.’ “OMCs have noted with concern the breach of the functions of National Petroleum Authority (NPA) and the Ghana Standards Authority (GSA) the …

A total of 71.4 million (71,439,585) barrels of oil were obtained from the three producing fields – Jubilee, Sankofa  Gye Nyame (SGN) and Tweneboa  Enyera Ntomme (TEN) in 2019. The total oil production in 2019 exceeded that of 2018 by 15 percent. A statement issued in Accra by the Public …

The Public Interest and Accountability Committee (PIAC), an independent statutory body, has urged Parliament to ensure that the Ministry of Finance accounts for the $1.5 billion unutilized Annual Budget Funding Amount (ABFA). In its key findings presented at the launch of the 2019 Report, Mr Noble Wadza, Chairman of the …

An audit conducted by the Auditor-General on the management of the country’s Petroleum Holding Fund shows that an amount of $310.34 million was yet to be paid into the Fund as at December 31, 2018. Of the total amount, $308.77 million represented an amount due from the Ghana National Gas …

The Ghana National Gas Company Limited has refuted claims that the Liquified Petroleum Gas (LPG) being produced from its Atuabo Gas Plant is too high in propane, contaminated, and of low quality. This follows a statement made by Mr Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers (COPEC), …

Mr Kweku Awotwi, the Managing Director of Tullow Ghana, and Executive Vice President of Tullow Oil plc, will retire from the company on 30th June. In a statement Tullow Ghana said Mr Awotwi will hand over his responsibilities to Wissam Al Monthiry who becomes Managing Director, Tullow Ghana, and Cynthia …

The Tema District Council of Labour (TDCL) has appealed to the President to urgently help the Tema Oil Refinery (TOR) to acquire enough crude stock to operate with. The TDCL said government must urgently help the only refinery in the country to take advantage of the drastic drop in crude …

Government has withdrawn the 13.5 pesewas Cylinder Recovery Levy imposed by the National Petroleum Authority (NPA) on liquefied petroleum gas (LPG) with immediate effect. The NPA on Wednesday, April 1, 2020 directed liquefied petroleum gas marketing companies and industry players to charge 13.5 pesewas on each kilogramme of LPG. The …

Asante K. Berko, the Managing Managing of the Tema Oil Refinery (TOR) has resigned, two days after the US Securities and Exchange Commission (SEC) charged him in a New York court for violating the US Foreign Corrupt Practice Act (FCPA). Berko who was appointed MD of the country’s only oil …