Oil & Gas

We’ll resist attempts by government to increase fuel taxes – COPEC

The Chamber of Petroleum Consumers (COPEC) has said that it will fiercely resist any attempt by the government to increase fuel taxes in the 2019 Mid-year Budget to be read later in Parliament today, Monday. There are speculations that among the key components of the...

2019 Mid-year Review: ‘Petrol, mobile tax to go up’

Pro-government newspaper, The Daily Statesman, has hinted that the Finance Minister will announce an increase in petroleum and mobile tax today. Ken Ofori-Atta, will address Parliament Monday morning to ask for more money to meet mainly urgent and priority...

Taxes on fuel: Tax to go up in budget review – Ato Forson

Former deputy Finance Minister Cassiel Ato Forson has urged Ghanaians to buckle up as government readies itself to announce an increment in the tax on fuel and talk tax in the mid-year budget review. He said an increase in the fuel tax will immediately affect the...

Ghana to sign MOU with Côte d’Ivoire for exportation of gas – Akufo-Addo

Ghana through the Ministry of Energy and its partner Ghana Gas, is set to sign a Memorandum of Understanding (MOU) with the government of Côte d'Ivoire to facilitate the bidirectional transportation of gas between the two countries. This will be achieved after the...

Akufo-Addo opens Ghana Gas Headquarters

President Nana Addo Dankwa Akufo-Addo, on Tuesday, 23 July 2019, opened a state-of-the-art Operational Office Complex of Ghana National Gas Company. The office complex is expected to deliver first-class gas operations and support services for the country’s gas sector...

TOR incurs GH¢186m loss in 4 months; total debt stands at GH¢1.5bn

The Tema Oil Refinery (TOR) made a net loss of GH¢186.35 million in the first four months of 2019, according to the refinery’s (TOR) 2019 Variance Report. The huge loss, according to the 2019 Variance Report for the period ended April 30, 2019, was against a budgeted...

TOR loses GHC186m in four months

The Tema Oil Refinery (TOR) has recorded a net loss of GHc186.35 million from January to April 2019, according to a report by the company. Though the 2019 TOR Variance Report, had forecast the company’s operational loss to be around GHc71.70 million for the period, a...

IPPs rescind decision to shutdown plants as ECG; PDS make moves to settle huge debts

Independent Power Producers (IPPs) under the Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDIB–Ghana), have rescinded their decision to shut down their plants in protest against the non-payment of huge debts by the Power Distribution...

GIS intercepts smuggled petroleum products

The Ghana Immigration Service (GIS) at Akanu in the Volta region has impounded a caravan loaded with about 150 ‘Kufuor gallons’ of diesel, suspected to be stolen from Libya and transported via the high seas to some parts of West Africa. The products in the blue Ford...

COPEC ready to compensate victims of cheating filling stations

The Chamber of Petroleum Consumers, Ghana, (COPEC) has hinted at its readiness to push for appropriate and adequate compensation for all the unsuspecting customers of oil marketing companies cheated of fuel. This comes after the Ghana Standards Authority (GSA) made...
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...

AGM Petroleum makes oil find offshore Ghana

AGM Petroleum makes oil find offshore Ghana

AGM Petroleum, an oil and gas exploration company, has discovered oil at Ghana's South Deepwater Tano (SDWT) prospect. The discovery was made known by the President and CEO of AGM's related company Aker ASA, Øyvind Eriksen in a letter to shareholders published in its...

2 oil blocks taken: Negotiations set to begin

2 oil blocks taken: Negotiations set to begin

Two international oil exploration companies have been declared winners two oil blocks of the first licensing round of oil exploration. First Exploration and Petroleum Development Company, in partnership with Elandel Energy (Ghana) Limited as local partner, won the bid...

Finance Ministry, others heavily indebted to GNPC – PIAC

Finance Ministry, others heavily indebted to GNPC – PIAC

Four state-owned entities (SOEs) including the Ministry of Finance are highly indebted to the Ghana National Petroleum Commission (GNPC) since 2018. According to PIAC, in its semi-annual report on the management of petroleum revenue for the period of January to June...

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