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Oil & Gas
Gas infrastructure will promote indigenous gas usage – Adam
Dr Mohammed Amin Adam, the Deputy Minister of Energy, has said the significant progress made by government in gas infrastructure will ensure the full utilisation of the country’s indigenous gas.
He said the infrastructure included…
As gold earned Ghana $8b, CSOs in natural resources call for review of sector
Mrs Hannah Owusu-Koranteng, the former Chairperson of Civil Society Organisations into natural resources, has called on government to continue the review of the Natural Resources and Environment (NRE) sector to safeguard accountability.…
BOST seeks $150m to revamp operations – MD
The Bulk Oil Storage and Transportation Company Limited (BOST) is seeking a capital injection of $150 million to revamp its operations.
About $75 million of the funds would be used to upgrade and rehabilitate the company's…
Finance Ministry asked to release 80% of oil revenue to MDAs
Stakeholders have called on the Ministry of Finance (MoF) to release at least 80 per cent of allocations from the Annual Budget Funding Amount (ABFA) to the Ministries, Departments and Agencies (MDAs) to enable them execute their duties…
Ghana told to review GNPC’s mandate
Oil industry players have called for the review of the law that set up the Ghana National Petroleum Corporation (GNPC) so it would be able to play more meaningful and beneficial role in the sector.
“Perhaps it is time to give GNPC a new…
Ghana Gas Company to start supplies to Karpowership on October 30
All the engineering works, electrical connections and laying of pipelines to power the relocated Karpowership from Tema to the Sekondi Naval Base is 98 percent complete.
Ghana Gas company limited would within the next few days push its…
Oil Marketing Companies say they contributed GH¢3b by mid-year to Ghana’s economy
Mr Henry Akwaboah, Managing Director, Engen Ghana Limited has touted the contributions of Oil Marketing Companies (OMCs) to the Ghanaian economy, which hit about three GH¢3 billion by the close of June 2019.
He said on the average, the…
Oil marketing companies complain of dwindling margins due to deregulation exercise
Mr Joseph Addae, the General Manager of Radiance Petroleum, has expressed concern about the dwindling margins of Oil Marketing Companies (OMCs) due to intense competition as a result of the deregulation exercise.
He said it was very…
Ghanaian company begins drilling in WCTP block 2
Springfield Exploration and Production Limited (SEP), an Independent Ghanaian energy company drilling in Deepwater offshore Ghana, on Monday October 7th spudded its Afina-1x well in the West Cape Three Points Block 2.
This is the first…
OMC group says oil companies pay about GH¢6b in taxes annually
The Association of Oil Marketing Companies (AOMCs) says oil companies pay about GH¢6 billion annually to government as tax.
He said in 2019, they paid GH¢500 million as monthly tax to government, raking in a total of GH¢3 billion in the…