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Oil & Gas

Ghana begins oil production at Sankofa Gye-Nyame Fields

President Nana Addo Dankwa Akufo-Addo has commissioned the Floating Production Storage and Offloading Vessel (FPSO) John Agyekum Kufuor to formally kick-start the production of oil in commercial quantities from the Sankofa Gye-Nyame Fields. The symbolic ceremony was done offshore by the President turning the production valve of the FPSO and …

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Coalition calls on President Akufo-Addo to interdict BOST MD

The Coalition for Social Justice (CJS) has called on President Nana Addo Dankwa Akufo-Addo to interdict Mr Alfred Obeng, the Managing Director (MD) of Bulk Oil Storage and Transport (BOST) over the contaminated fuel sale scandal. According to the group, the interdiction would enable the ministerial committee set up to …

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No wrongdoing at BOST – Energy Minister

There is no wrongdoing at the Bulk Oil Storage and Transportation Company Limited (BOST) on the sale of the five million litres of contaminated products, Mr Boakye Agyarko, Minister of Energy has announced. He said investigations carried out by the state security agencies and the National Petroleum Authority (NPA), showed …

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Majority calls for forensic audit of BOST

Majority Caucus in Parliament has called for full scale investigation and forensic audit into the activities of the Bulk Oil Storage Transportation (BOST) from 2009. It said the press conference by the Minority was to throw dust into the eyes of the public and to cover-up the massive rot at …

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Energy Ministry to set-up committee to probe BOST

The Ministry of Energy is in the process of setting up an eight-member investigative committee to look into the issue of the release of five million litres of off-sec fuel from the Accra Plains Depot of the Bulk Oil Storage and Transport Company (BOST). MR Boakye Agyarko, the Minister of …

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Ghana outperforms countries in sub-Sahara Africa in resource governance index, but many issues remain

Despite many issues plaguing Ghana’s natural resource governance regimes, revenue management and budgeting, the country has been ranked high above resource rich countries in sub-Sahara Africa, in the Revenue Governance Index, released today June 28, 2017, by the Natural Resource Governance Institute (NRGI). The 2017 Revenue Governance Index found that Ghana performs …

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NDC Caucus calls for interdiction of BOST boss and probe into fuel contamination

The National Democratic Congress (NDC) Minority Caucus in Parliament on Tuesday demanded the immediate interdiction of Mr Alfred Oteng Boateng, the Managing Director (MD) of the Bulk Oil Storage and Transportation Limited (BOST). They are demanding the action over the distribution of contaminated fuel products on the market, and a …

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The future of Ghana’s oil and gas industry looks bright – Minister  

Mr Boakye Agyarko, the Minister of Energy, has expressed confidence in the country’s oil and gas sector saying the industry has the potential to create many jobs to help reduce unemployment in the society.  Mr Agyarko said the industry had a” bright future” and government was committed to championing robust …

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Operators of oil tank farms in New Takoradi urged to bury pipelines

The residents of New Takoradi a community in the Sekondi/Takoradi Metropolitan area have issued a warning to the owners of the various pipelines passing through the community to bury them underground.  They said failure to comply with the directive could lead to action by the community against the owners of …

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Ministry kick-starts gender streaming in energy sector

The Local Content Unit of the Petroleum Directorate of the Ministry of Energy on Monday started gender streaming in energy sector, which targets 12 senior high schools (SHS) in Western, Central and Volta Regions. Mr King A. Wellington, the Public Relations Officer of the Ministry of Energy, speaking to the …

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