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Oil & Gas

Energy Minister discusses Ghana oil with Russian companies

The Minister of Energy has been to the Russia Federation to discuss the involvement of that country’s energy companies into Ghana’s oil sector. A press release from the Ministry says the Minister, Emmanuel Armah-Kofi Buah paid an official working visit to the Russian Federation from June 22 to 24, 2015 …

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Expro secures $100m Tullow Oil contracts

International oilfield services company, Expro, has been awarded new contracts from Tullow Oil plc, Africa’s leading independent oil company, according to a statement issued in Accra and copied to Ghana News Agency. Worth in excess of $100 million over three years, the contracts would see Expro work across Tullow Oil’s …

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Oil Marketing Companies peg fuel prices at GH¢3.47

A number of Oil Marketing Companies (OMC) on Monday pegged the retail prices petroleum products at Filling Stations at GH¢3.47 per litre for petrol and GH¢3.37 per litre for diesel. A survey conducted by Ghana News Agency revealed that Total Petroleum, Agapet Oil Company Limited; Allied Oil Company Limited; and …

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Ghana Parliament working on proposals to resolve problems in oil industry

Parliament is working on proposals that would help resolve the problems that have bedevilled Ghana’s oil industry over the years. This was the outcome of several consultative meetings by the Parliamentary Select Committee on Mines and Energy with foreign experts promoting best practices in the industry. Mr Cletus Avoka, Chairman …

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Oil marketing companies condemn closing down of fuel stations following Accra floods, fire

The Association of Oil Marketing Companies (AOMCs) and Liquefied Petroleum Gas Marketers, has condemned the wanton closure of retail outlets by members in a “Rambo style” by top officials in the industry. This followed the explosion at Goil Filling Station at Kwame Nkrumah Circle in Accra, which killed more than …

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Phase two of Ghana gas infrastructure project ongoing – Sinopec

Sinopec International Petroleum Service Corporation says it has begun the Front End Engineering Design (FEED) for the next phase of the Ghana Western Corridor Gas Infrastructure Development Project. Mr Mushtaq Kaloo, Sinopec’s Engineering Advisor on the Ghana Early Phase Gas Infrastructure Project told journalists at the Atuabo Gas Processing Plant, …

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IFC invests $2.4b in Ghana

The International Finance Corporation (IFC) of the World Bank Group says it has invested a total of $2.4 billion in Ghana. It says in the past five years, its investment in the energy sector amounts to $525 million including oil and gas exploration and production, power production, and refined petroleum …

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Deregulation will ensure cheaper petroleum pricing – Kofi Buah

Mr Emmauel Armah Kofi- Buah, the Minister of Petroleum has said Government’s decision to deregulate the petroleum sector was to allow petroleum importers and marketers to reduce their price as well as pull in more private players into the sector. “Government’s decision to deregulate the petroleum sector will compel oil …

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Tight security for new BOST pipelines – MD

Mr Kingsley Awuah Darko, the Managing Director, Bulk Oil storage and Transport (BOST), has said the company would ensure tight security along the new BOST pipelines which would be laid from Akosombo to the Accra Plains to avoid stealing or siphoning of fuel. He said as part of security measures, …

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GOIL pledges to compensate families of fire victims

The Board and Management of Ghana Oil Company Limited (GOIL), Friday, expressing condolences to the victims and families of the Circle Filling Station fire disaster, said the company would conduct its own investigations alongside the national one. An official statement copied to the Ghana News Agency said the board and management …

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