News

The Minority in Parliament says lack of confidence in the Nana Akufo-Addo-led government is the reason why ExxonMobil has withdrawn its interest in Ghana’s Deep Water Cape Three Point. ExxonMobil said it is unwilling to enter an extension of the contract originally signed in 2018. It stated its decision in a letter to Ghana’s Energy

The Institute for Energy Security (IES) has projected an increase in fuel prices by Oil Marketing Companies at the pump in the month of June. This, according to the IES, is a result of an increase in international market variables as well as the depreciation of the Cedi. The increase will be implemented “especially by

Ibistek Limited, an engineering consultancy firm, has introduced the newly built Takoradi Oil Jetty to members of the Ghana Chamber of Bulk Oil Distributors. The automated jetty was constructed following a concessional agreement between the Ghana Ports and Harbours Authority and Ibistek Limited. The project is part of an expansion programme led by Ibistek Limited.

The Association of Oil Marketing Companies (AOMC), has marked six years of the deregulation policy of petroleum product pricing in the country, which started fully on June 15, 2015. Mr Kwaku Agyemang-Duah, AOMC Executive Director explained that the issue of the pricing of petroleum products had dominated public discourse and policy contestations for years as

Gas production experienced a significant rise in 2020 with a total production of 237,962.82 MMSCF of Associated Gas (AG) and Non-Associated Gas (NAG), the 2020 Public Interest and Accountability Committee (PIAC) Annual Report has said. The increase in production was about 40 per cent over the 2019 volume of 169,508.61 MMSCF of raw gas produced

As part of the preparation of spatial plans for the siting of the Ghana National Petroleum-Hub project in the Jomoro Municipality, the Land Use and Spatial Planning Authority(LUSPA), the Ministry of Energy and the Jomoro Municipal Assembly, have completed phase one of the project. The first phase land-use plan covers two main towns, Old Kabenla

The prices of fuel at the various pumps in Ghana are set to witness a marginal increase, the Chamber of Petroleum Consumers Ghana (COPEC-Ghana) has disclosed. This comes barely a month after fuel prices increased by over 12% due to the introduction of some taxes, increases in margins by the National Petroleum Authority (NPA), and

The Liquefied Petroleum Gas (LPG) Marketing Companies Association says it may lose GH¢60million worth of investment made into building some 100 LPG retail outlets which remain incomplete. The government, after the Atomic Gas explosion in 2017, placed a ban on new LPG retail points to allow for proper assessment of all LPG outlets nationwide. Although

Bongo lawmaker and a member of the Mines and Energy Committee of Parliament, Mr Edward Bawa has asked the government to immediately remove the Special Petroleum tax. He told Dzifa Bampoh on the First Take on 3FM Thursday May 6 that the tax which was introduced by the Mahama administration is not more relevant because

The Bulk Oil Storage and Transportation Company Limited (BOST) has cleared all of its GH¢237 million debt owed some domestic banks in the country. The money, which was owed GCB Bank, Fidelity Bank, UMB Bank and UBA Bank, was paid through a combination instruments including internally-generated funds, the upward adjustment of the BOST margin and