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Oil & Gas
NPA says government maintains 73% subsidy on premix fuel
The National Petroleum Authority (NPA) on Monday said in spite of the recent increment in petroleum prices government still maintains a 73 per cent subsidy on Premix fuel, as well as some subsidy on the prices of petroleum products.
A…
Association names 2013 accredited oil marketing companies
The Association of Oil Marketing Companies (AOMCs), on Monday named 51 accredited oil marketing companies in good standing for business in 2013.
The companies are: Agapet Oil Company Limited, Naagamni Oil Company Limited, Allied Oil…
Fuel price hikes difficult but necessary – Pro-NDC group
Mr Sam Atukwei Quaye, the Convener of the Young Democrats, a pro NDC group, has commended government for the difficult but bold decision to increase fuel prices and thereby generate more funds for development.
He said every government…
TOR’s inability to supply enough fuel halts domestic flights
All domestic carriers operating at the Kotoka International Airport (KIA) have been forced to cancel their flights due to a shortage of aviation jet fuel (JET A1).
All four carriers: Antrak, Starbow, Fly540 and Africa World Airlines on…
AGI wants local content in oil & gas contracts
The Association of Ghana Industries has called on government to cede off some of the contracts in the oil and gas sector to local enterprises in order to promote the growth of the local industries.
Nana Owusu-Afari, President of the AGI,…
Ghana earns $107.9m from oil sale fourth quarter 2012
Ghana got $107.9 million as its share of revenue from oil exports in the last quarter of 2012.
That came from 994,646 barrels of crude lifted by the Ghana Group — the Government of Ghana (GoG) and the Ghana National Petroleum Corporation…
Ghana hikes fuel prices
The Ghana government today announced it has increased the prices on fuel between 15-20%
The new prices take effect Sunday February 17, 2013, according to a statement signed by the Chief Executive of the National Petroleum Authority Alex…
Oil company sacks 15 workers for joining union
Fifteen employees of an oil service provider in Takoradi, who opted to form a local union to negotiate for better working conditions have been dismissed by the company.
Their employer, MobiCrane, an organisation that provides crane and…
Ghana to name illegal local firms fronting for foreign businesses in oil sector
The Petroleum Commission (PC) of Ghana would expose indigenous Ghanaian companies that fronted for foreign businesses, which are taking undue advantage of concessions made available for qualified “local content” establishments at the…
Lower taxes from oil companies results in 3.7% tax revenue shortfall for Ghana
Ghana raised an amount of GH¢11.6 billion from taxes during the year 2012, a 3.7% shortfall of the budgeted target of GH¢12.1 billion, according to provisional estimates compiled and released by the central bank February 13, 2013.
A report…