Oil & Gas

Review ‘nuisance taxes’ to check spate of fuel price hikes – COPEC

The Chamber of Petroleum Consumers (COPEC) Ghana has asked the government to check the spate of hikes in the prices of petroleum products. A statement signed by the Executive Director of COPEC, Duncan Amoah, said the government must review some of what it described...

Engen Ghana expands retail network

Engen Ghana Limited an indigenous Oil Marketing Company (OMC) has expanded its operational service stations to ensure that Ghanaians reaps the benefit of patronising in local investment, Mr. Henry Akwaboah, Managing Director, stated on Wednesday. The newly expanded...

Petroleum sector records 36.1% PPI

The producer inflation rate in the petroleum subsector was 31.1 percent in September 2018, The Ghana Statistical Service (GSS), has announced. The rate increased to 36.1 percent in September 2018, but decreased sharply to record 3.8 percent in January 2019. The rate...

Total Ghana launches Quartz 9000 Future 0W-20 lubricant

Multinational integrated oil and gas company Total, has added a new name to its catalogue of high quality lubricants. The new Total Quartz Future 0W20 was launched in Ghana at an event held yesterday, October 11, 2019 at the Liberation Service Station in Accra....

Angola: Sonangol and Total Seek Creation of Joint Venture

Angola's state-owned oil firm Sonangol and French TOTAL intend to create a joint venture to operate in the distribution and trade of crude oil byproducts, as well as in the production of solar energy. Angolan Competition Regulator Authority (ARC) on Tuesday said it...

NPA’s illicit fuel trade fight saves Ghana 1bn cedis in 2018

The National Petroleum Authority (NPA), through its interventions in the fight against illicit petroleum trade in 2018, has saved the country close to a billion cedis, according to the 2018 downstream industry report. The report, put together by the Chamber of Bulk...

Vivo Energy wants culpable OMCs sanctioned for short-changing customers

The Managing Director of Vivo Energy Ghana has joined calls for government to prosecute Oil Marketing Companies (OMCs) found culpable of defrauding consumers at the pumps. Ben Hassan Ouattara told Joy Business at the Shell Club media engagement that culprits should...

RE: NPA shuts down Radiance Filling Station for suspected adulterated product

The Radiance Filling station in Ho has refuted claims that the National Petroleum Authority has locked up its tank and dispensers for allegedly selling adulterated product to a customer. Background A story published by the Ghana News Agency this week indicated that...

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...
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...

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...

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