Oil & Gas

PIAC calls for review of PRMA, sends proposal to Finance Ministry

The Public Interest and Accountability Committee (PIAC) says it has initiated proposals for the amendment of some provisions in the Petroleum Revenue Management Act (PRMA), the law that governs the country’s oil revenue usage, by Parliament. Speaking in an...

COPEC hints on hike in fuel price at various pumps

The Chamber of Petroleum Consumers, COPEC, is hinting of an up to 16 pesewas hike in fuel prices at the pumps in the coming days. Executive Secretary of COPEC, Duncan Amoah, called on authorities to put measures in place to address the pending fuel price increase....

IES: Rise In Domestic Fuel Prices, Largely Due To Cedi Depreciation and Taxes

IES Analysts: Elizabeth Sam & Abisola Ganiyu Over the past decade (2010-2019), Ghana has seen a 347 percent increase in price of Gasoline (Petrol) and a 338 percent increase in Gasoil (Diesel) price at the pump, largely because of Cedi depreciation, taxes and...

Plans to Establish Petroleum Hub Giving a Major Boost

Plans to establish a Petroleum Hub in the Jomoro Municipal Area in Western Region have been given a major boost following the assurance of the Paramount Chief of Western Nzema Traditional Area, Awulae Annor Adjei III to make land available for the project. Awulae...

Fuel prices to increase slightly in first pricing window of February 2021 – IES projects

The prices of petroleum are projected to increase slightly for the first pricing window of February 2021, according to an analysis conducted by the Institute of Energy Security (IES). This means consumers of petroleum products will for the next two weeks make...

Nigeria: NNPC Records N1.95 Trillion From Sale of Petrol, Others

The Nigerian National Petroleum Corporation (NNPC) yesterday announced sales proceeds of N1.95 trillion from white products, mainly petrol, between October 2019 and the same period in 2020. However, THISDAY's checks showed that compared with the same period between...

Nigeria Will Maintain Position As Regional Leader in Oil, Gas Industry – President

President Muhammadu Buhari has declared that Nigeria will strengthen its position as regional leader in the oil and gas industry, even as he said that his administration will spare no effort in ensuring maximum benefit from the nation's huge natural resources....

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...
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...

ENERGY GHANA MAGAZINE

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