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Oil & Gas
Tanker drivers say they would boycott TOR over deplorable parking space
A large number of tanker drivers have threatened to stop lifting petroleum products from the Tema Oil Refinery (TOR) if management does not to fix its deplorable parking space.
The drivers, who park their gas and oil tankers at the TOR…
GH¢186m loss is mainly charges on legacy debts – TOR
The Tema Oil Refinery (TOR) says the purported GH¢186,349 million loss incurred in four months by the refinery is mainly charges it incurred on legacy debts.
A statement signed by Mr Daniel Appiah, General Manager-Finance, stated that…
Dangote refinery to end petroleum products import to Africa – Edwin
Nigeria and other sub-Saharan African countries would soon heave a sigh of relief from the importation of petroleum products, with the imminent completion of the 650,000 barrels-per-day (bpd) Dangote Refinery at Ibeju-Lekki area of Lagos.…
Ghana oil Heritage Fund accumulates about $500m – PIAC
Ghana’s oil revenue inflow into the Heritage Fund has reached $485,172,436.04 as at 2018, seven years after the country commenced commercial production of crude oil.
The nation’s Petroleum Revenue Management Act (PRMA) 2011, set the…
LPG Cylinder Recirculation pilot programme begins in October
Vice President Dr. Mahamudu Bawumia says significant progress has been made towards the pilot implementation of the Cylinder Recirculation Model under the National Liquefied Petroleum Gas Promotion Policy.
He said the policy seeks to…
Ghana Energy Summit opens
The Ministry of Energy, in partnership with the Business and Financial Times, has organised a two-day forum for policy makers and stakeholders in the Energy sector to dialogue and develop strategies to promote the industry.
The Summit,…
Free SHS should not solely be funded with petroleum revenue – PIAC
The Public Interest and Accountability Committee (PIAC), the statutory body mandated to monitor and ensure efficient management of petroleum revenue, has advocated alternative means of funding the government’s Free Senior High School…
ExxonMobil Opens Office in Ghana to progress Offshore Exploration
ExxonMobil has opened a new office in Accra, Ghana to progress offshore exploration programmes.
ExxonMobil Exploration & Production Ghana (Deepwater) Limited acquired rights in 2018 to explore the ultra-deepwater block Deepwater Cape…
Ghana awards Eni new oil exploration and production license
Italian oil company, Eni announces that the Ghana government has awarded it a new exploration and production licence in the country’s offshore.
Eni announced in a press release copied to ghanabusinessnews.com, that the award comes as an…
Parliament asks government to address energy sector debts
Parliament has called on the Minister of Finance and the Minister of Energy, Mr John Peter Amewu to as a matter of urgency, activate the cash waterfall scheme and other prudent measures to address the debt accumulation in the energy…