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Oil & Gas

BOST signs Collective Bargaining Agreement

The management and union of Bulk Oil Storage and Transportation (BOST) Company Limited have signed a Collective Bargaining Agreement after 12 years of unsuccessful attempts. The Board of BOST and the Union reached an agreement which has been codified into legal binding document which would be reviewed every two years …

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Petroleum Commission secures training for Ghanaian students in Canada

The Petroleum Commission (PC) has secured an arrangement with Baker Hughes,GE to train five Ghanaians to become internationally accredited and certified specialised welders to enable them serve in the oil and gas sector. The one- year training programme, which is estimated at a cost of $250,000 is part of efforts …

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GOIL plans to enter West African petroleum market – CEO

Mr Patrick Kwame Akpe Akorli, Group Chief Executive Officer of GOIL Company Limited on Thursday announced that the Company as part of its strategic plans intends to expand its presence in West Africa. “GOIL as part of a broader strategic plan to become a major player in the petroleum industry …

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Free Zones to build multipurpose Oil and Gas Industrial Parks

Michael Okyere Baafi, Chief Executive Officer of the Ghana Free Zones Authority (GFZA), on Tuesday said the Authority intends to build a state-of-the-art Export Processing Zones (EPZ) and Multipurpose Industrial Parks in Shama and Takoradi. The two facilities are expected to support light and heavy industrial Oil and Gas specific …

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Local gas market has significant potential to transform economy – GNPC

The local gas market is relatively small, but has significant potential to transform the economy, Mr Hamis Usif, Manager, Gas Business, Ghana National Petroleum Corporation (GNPC), has said. He noted that, the local gas market is relatively stable with demand driven mainly by power demand and growing at 7.3 billion …

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Transparency is expensive but it pays – GNPC

Mr Dennis Baidoo, the Marketing Manager of the Ghana National Petroleum Corporation (GNPC), a commercial vehicle marketing the nation’s oil has said, transparency, although expensive, has made the Corporation vibrant in its operations. “The biggest lesson learnt over the years by the GNPC in marketing the nation’s crude oil is …

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PIAC urges government to desist from using oil to acquire loans

Dr Steve Manteaw, Chairman of the Public Interest and Accountability Committee (PIAC) has appealed to the Government to desist from using the nation’s petroleum resources as collateral for loans. “We should desist from contaminating the crude oil trade with other economic transactions such as loan agreements and the rest. And …

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Allow TOR to refine Ghana’s crude oil – Isaac Osei

Mr Isaac Osei, Managing Director of the Tema Oil Refinery(TOR), says the country’s refinery must be allowed to refine portions of Ghana’s crude oil for the local market instead of selling all on the international market. Mr Osei noted that at the moment, Ghana National Petroleum Corporation (GNPC) sells  all …

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GNPC awards scholarships to 200 Ghanaians to study in Cuba

The Ghana National Petroleum Corporation (GNPC) has awarded scholarships to 200 Ghanaian students (170 undergraduates and 30 post graduates) to study medicine in Cuba. The GNPC is sponsoring them in conjunction with the Ministry of Foreign Affairs and Regional Integration (MoFARI) and the Ghana Scholarship Secretariat in collaboration with the …

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