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Oil & Gas

TOR rejects Woodfield’s allegations of fuel shortfall

The Tema Oil Refinery (TOR) on Thursday rejected allegations from one of its clients; Woodfields Energy Resources Limited of a shortfall on its product volumes being held in the Refinery’s tanks. This was contained in a statement signed by the Corporate and Public Affairs Manager of TOR and copied to …

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Woodfields Energy denies owing TOR

Woodfields Energy Resources Limited, an indigenous Petroleum company has stated it was not indebted to the Tema Oil Refinery (TOR) to a tune of $5,000,000 and has refused to make payments. A statement signed by the head of the legal department of Woodfields Energy Resources and copied to the Ghana …

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Petroleum revenues will benefit all Ghanaians – President

Government is committed to ensuring that petroleum revenues are well managed for the benefit of all Ghanaians, President Nana Addo Dankwa Akufo-Addo has said. Speaking at the launch of the 10th anniversary celebration of the Public Interest and Accountability Committee (PIAC) in Accra on Wednesday, he said Government was determined …

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COPEC kicks against new taxes on fuel products

The Chamber of Petroleum Consumers (COPEC) has urged Parliament to kick against government’s plans to introduce Sanitation and Pollution Levy, which will charge 10 pesewas per litre of petrol/diesel. Mr Duncan Amoah, the Executive Secretary of COPEC, said Ghanaians were already paying too much for petroleum products and should not …

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Efficient management of energy sector is crucial to economic growth – ACEP

The Africa Centre for Energy Policy (ACEP) has observed the need for the Government of Ghana (GOG) to effectively manage the energy sector to drive economic growth and development. ACEP insists that, to achieve this goal, government must focus attention on maximizing the opportunities in the energy sector and address …

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TOR to become premium refinery – Minister assures

Dr Mathew Opoku Prempeh, Energy Minister, has unveiled Government’s plans to make the Tema Oil Refinery (TOR) one of the premium refineries in the West Africa sub-region. Dr Prempeh indicated that President Nana Addo Dankwa Akufo-Addo led government would offer support to TOR in the form of strategic partnership with …

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Clashes at Adamus Mines leave one person dead, two policemen injured

One person died and two policemen were injured when the youth of Akango clashed with workers of Adamus Mine over a black-out in Akango, following damage to an electric pole at one of their mining pits at Salman in the Ellembelle District. A vehicle belonging to Adamus Mine was vandalised …

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Regasification plant needed to drive the robust Ghanaian Economy  – Sarpong

The Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC) has underscored the need for a resilient gas infrastructure to deliver reliable and adequate gas for national economic development. He informed that building a regasification plant in Ghana would ensure the stable supply of gas which is essential …

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Oil is still crucial to global economy —Prof Alhaji

The Moderator of the Oil, Gas and Energy Law (OGEL) says fossil fuels’ dominance of the global energy mix makes oil crucial to  the world   economy. Professor Anas Alhaji says, “So only a small amount of oil is under threat from renewable energy; let me bring common sense to …

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Public Interest and Accountability Committee elects new Chairman

The Public Interest and Accountability Committee (PIAC), the statutory body with oversight responsibility of the management and use of the country’s petroleum revenues, has elected Professor Kwame Adom-Frimpong as its new chairman. Professor Adom-Frimpong, who represents the Institute of Chartered Accountants, Ghana (ICAG) on the Committee, was elected in a …

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