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Oil & Gas

88% of gas stations in Kumasi in high risk zone – NPA

The National Petroleum Authority (NPA) says 23 out of the total 26 gas filling stations in the Kumasi metropolis, representing about 88 per cent, are in the high risk zone. Mr. Hassan Tampuli, the Chief-Executive, who announced this said the remaining three also sit in the medium risk zone. For …

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Allow us to exclude gas revenues worth $181m from petroleum revenues – Minister

The Ministry of Finance has proposed to Parliament to allow it to exclude gas revenues to the tune of $181.80 million from the projected petroleum revenues for 2019, while it devises ways of getting the Volta River Authority (VRA) to pay for the gas supplied it by Ghana Gas. Mr …

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Residents of six coastal districts unhappy with oil and gas companies

Data collected by the Western Regional Coastal Foundation (WRCF) has proven that there are perceived dissatisfaction among residents of the six coastal districts on activities of oil and gas operators within these districts. The data collected in the areas of health, economic, sanitation, infrastructure and education with regards to social …

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Energy Commercial Bank extends Initial Public Offer

Energy Commercial Bank Limited has extended its Initial Public Offer (IPO) to November 16, which was expected to end on Friday, November 2, 2018. This follows approval for extension by the Securities and Exchange Commission. A circular by the Ghana Stock Exchange indicates that the listing of all Energy Commercial …

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NPA to conduct integrity assessment of underground petroleum storage tanks

The National Petroleum Authority has announced plans to secure the services of a consultant to conduct integrity assessment of all underground petroleum products storage tanks including pipelines of retail outlets across the country by next year. The Authority had also issued directives for depot operators to ensure that their operations …

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Petroleum Authority says it has cut smuggling of products by 93%

The National Petroleum Authority (NPA) on Wednesday said the stringent measures it instituted to curb smuggling of products has drastically reduced diversion from 30 million litres last year to two million litres as at August, this year. It said the reduction represented about 93 per cent decline and saved the …

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Citizens must see tangible funded oil projects – Report

The Annual Budget Funding Amount (ABFA) of Ghana’s oil contribution to development in agriculture and education in the northern sector should make funded projects visible to citizens, says a SEND-Ghana report. The 2016 report titled: “Oil for citizens: reality or mirage,” was carried out with the support of Oxfam America …

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It’s risky funding free SHS solely with oil money – PIAC

Dr Steve Manteaw, Chairman of the Public Interest and Accountability Committee (PIAC), has said it is risky for Government to rely solely on oil revenue to fund the free Senior High School (SHS) programme. He said the country must diversify its sources of funding for the free SHS programme due …

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Tullow Ghana to drill eight new wells

The management of Tullow Oil Ghana Limited has said it will drill up to eight infill wells in 2019. Mr Kweku Awotwi, the Managing Director, Tullow- Ghana, said the rig agreements gives the company maximum flexibility to optimise the drilling schedule as the wells come on-stream and “we can assess …

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TOR discharges crude oil for refining

The Tema Oil Refinery (TOR) is expected to complete the discharging of about 950,000 barrels of crude oil on Tuesday as it prepares its boilers for refining fuel after several months of shut down. A source at the Refinery told the Ghana News Agency that the discharging of the crude …

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