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Oil & Gas
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…
Ghana outperforms countries in sub-Sahara Africa in resource governance index, but many issues…
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…
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).…
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…
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…
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,…
Maritime boundary dispute with Ivory Coast costing Ghana – PIAC
The maritime boundary dispute between Ghana and its western neighbour, Ivory Coast is costing the country money and delays in oil production in new fields.
The Public Interest and Accountability Committee (PIAC) Annual Report…
Government appoints Fidelity, StanChart lead Managers of GH¢10b energy bond
Government has appointed Fidelity Bank and Standard Chartered Bank as joint lead Managers for the issuance of an Energy Sector Levy Act (ESLA) backed Bond to the tune of about GH¢10 billion.
The amount is the total estimated…
Oil production in Ghana declines, despite additional TEN fields, six years after first oil –…
Six years after Ghana started oil production in December 2010, and after progressively increasing production, the country experienced a drop in production in 2016, despite additional oil from the new Tweneboa, Enyenra and Ntomme (TEN)…
Downstream petroleum market exhibit vitality
The downstream Oil Marketing sector picks up gradually in second quarter of the year after marginal turbulence in the first quarter, Mr Gyemfi Amanquah, Chief Operating Officer of GOENERGY Company Limited stated on Monday.
Mr Amanquah…