Oil & Gas

Disregard ‘mischievous’ fuel smuggling allegations – GRA

The Ghana Revenue Authority (GRA) has dismissed accusations of fuel smuggling by its Customs Division. A statement dated September 3, 2020, and signed by Assistant Commissioner, Communication and Public Affairs of GRA, Florence Asante, asked the general public to...

OMC complexities impose enormous challenges – Marketing Expert

The complexities in the oil marketing supply-chain impose enormous challenges for both operators and consumers of petroleum products, Mr David Afiawo, a Marketing Consultant, said on Saturday and called for cooperation among stakeholders. He said management of...

OMCs’ tussle over market share could stabilise fuel prices this month – IES

Energy think tank Institute of Energy Security says competition between oil marketing companies (OMCs) to gain market share will compel them to stabilise the selling prices of fuel at the pump within the first pricing window of September, which runs from the 1st to...

Nigeria: In Saving Economy, Govt Says Fuel Subsidy Gone for Good

The federal government Thursday foreclosed reinstating the fuel subsidy regime as outrage grew over the hike in ex-depot price of petrol that jacked up the pump price from between N145 and N148 per litre to N158-N162 band. It defended the fuel subsidy removal, saying...

Uganda Petroleum Fund Dwindles to Shs 311 Billion

Since its establishment in 2015, the Uganda Petroleum Fund has been dwindling in value due to several withdrawals by Government to finance the budget deficits - which at one point the Office of the Auditor General (AOG) described as irregular. Now, the latest audited...

BOST MD calls for approval of 3% margin

Managing Director of the Bulk Oil Storage and Distribution Company (BOST), Mr Edwin Provencal, has called for the approval to increase the BOST margin on petroleum products from 3 pesewas to at least some 12 pesewas. He said it is time for the margin to be approved...

Fuel prices to fall by 8%

Fuel prices from Monday, March 16, 2020, are expected to fall by between 5 to 8 percent, which would bring some relief to consumers but whether commercial vehicle operators would reduce fares is another matter to fight over another day. Even though crude prices...

COPEC welcomes NPA’s 15% fuel price cut announcement

The Chamber of Petroleum Consumers, Ghana (COPEC), has welcomed an announcement by the National Petroleum Authority that prices of petroleum products are likely to go down by 15% for the second pricing window of March 2020. According to COPEC, this development should...

NPA pens technical cooperation agreement with Korea Petroleum

National Petroleum Authority (NPA) has signed a technical cooperation agreement with K-Petro of South Korea in the field of fuel quality and distribution management systems. The agreement which was signed on Jan 28, 2020 forms part of NPA’s bid to ensure petroleum...

NPA boss saves Ghana $300 million in fuel fraud – Franklin Cudjoe

The Chief Executive Officer (CEO) of the National Petroleum Authority(NPA), Hassan Tampuli, through his stellar performance has saved the country $300 million which would have been lost to the state through fraudulent fuel practices this year. This is according to...
China Big Oil’s upstream bet is paying off

China Big Oil’s upstream bet is paying off

China Big Oil wrapped up a first half that rewarded exploration & production and punished refining. PetroChina Co. and Cnooc Ltd. on Thursday posted stronger earnings, while Sinopec, the fuel-making behemoth, said earlier in the week that profit slid 24% from a...

Tullow mentors Human Resources practitioners

Tullow mentors Human Resources practitioners

Tullow Oil Ghana has joined forces with two other institutions to mentor Human Resource (HR) practitioners with the competencies required to climb higher the professional ladder. Tullow is, therefore, partnering the Institute of Human Resource Management Practitioners...

Privatisation is best option for TOR – Alex Mould

Privatisation is best option for TOR – Alex Mould

A former Chief Executive of the Ghana National Petroleum Corporation (GNPC) Alex Mould is proposing the privatisation of the Tema Oil Refinery (TOR) to put the firm on a strong footing. According to Mr Mould privatisation could be one of the surest ways to deal with...

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