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Oil & Gas
Minority to find out government’s share in Aker Energy, AGM
The Minority NDC Caucus in Parliament is insisting on finding out the volume of Government’s share in Aker and AGM oil blocks to prove if figures provided by the government are right.
“In principle, we are not against the state…
We transport more fuel through barges and pipelines than road – BOST
The management of Bulk Oil Storage and Transportation has stated that their Asset utilization has risen from 15 per cent to 85 per cent.
As a result, they said more of their fuel was transported by barges and pipelines than road…
Lack of fuel at BOST depots renders tanker drivers jobless
The Ghana National Petroleum Tanker Drivers Union has appealed to President Nana Addo Dankwa Akufo-Addo to intervene in the operations of the Bulk Oil Storage and Transportation Company Limited (BOST) as its operations were taking a…
Ghana to develop home-grown strategy to extract fossil fuel
Ghana will develop a home-grown strategy to extract fossil fuel, Mr Ken Ofori-Atta, the Minister of Finance, has said on Thursday.
He noted that given the prevailing sentiments around energy transition, there was a strong possibility…
Court fines Hohoe Goil for non-payment of property rates
The Hohoe Magistrate Court has fined the Hohoe-Ahado Branch of the Goil Company Limited for non-payment of the company’s 2019 and 2020 property rates.
The fines included a 50-penalty unit amounting to GH₵600 and a compensation of GH₵600…
BOST to pay GH¢9.9m to Hask Oil as judgment debt
An Accra High Court has ordered the Bulk Oil and Storage and Transportation (BOST) to pay a total of GH¢9,962,118.84 to Hask Oil Company Limited being the interest accrued on a bank facility they took, while their products were in the…
PIAC lauds a decade long implementation of PRMA despite challenges
The Public Interest and Accountability Committee (PIAC) says the implementation of the Petroleum Revenue Management Act (PRMA) has been largely impactful in the last 10 years despite some challenges.
It said among the notable…
Bolgatanga BOST exports 160 trucks of petroleum products in four months
Mr Edwin Alfred Provencal, the Managing Director (MD) of the Bulk Oil Storage and Transportation Company Limited (BOST) says the Bolgatanga depot of the Company has exported 160 trucks of petroleum products to neighbouring countries since…
Eni announces significant oil discovery in Block 4, offshore Ghana
Eni has announced a significant oil discovery in CTP Block 4, offshore Ghana.
Preliminary estimates place the potential of the Eban–Akoma complex between 500 and 700 million barrels of oil equivalent in place.
The Eban - 1X well is…
Oil prices stagnate as OPEC+ plans to continue negotiations
Oil prices hardly moved at the start of the week, as a cautious market eyes stalling talks between the major oil-producing nations on future production policy.
A barrel (159 litres) of North Sea Brent cost $76.18 on Monday morning, about…