The Ghana Chamber of Bulk Oil Distributors (CBOD) wishes to announce that Government on the 13th of January 2020 finalised all payments in respect of the BDC legacy debts accrued over the period July 2011 to June 2015 plus interest capped at March 2018. The payments were executed in the form of ESLA Bonds to […]
GOVERNMENT COMPLETES PAYMENT OF ALL BDC LEGACY DEBTS Read More »
In order to avoid the impact of revenue shortfalls from the oil and gas sector often due to price volatility on the international market, the Africa Centre for Energy Policy (ACEP), has asked the government to secure at least a 40 per cent projected revenue in the Stabilisation Fund. According to a report on petroleum
Oil price volatility: ACEP urges 40 per cent projected revenue in Stabilisation Fund Read More »
Oil prices fell on Monday to their lowest in more than a year, dragged down by worries about lower demand in top crude importer China after a new coronavirus outbreak spread from there to about 20 other countries. Brent crude was at $56.26 a barrel by 9.26 am GMT, down 36 US cents. Prices dropped
Oil falls to nearly $56 a barrel, its lowest in a year Read More »
Mr. Henry Yaw Osei is the first Ghanaian Group Managing Director Of Puma Energy Distribution Ghana Limited and Blue Ocean Investments Limited under the UBI Group of Companies. Following his experience in the energy sector, Henry has held managerial positions in sales, operations, business development and commerce in other companies before joining Puma Energy in
Henry Yaw Osei Is First Ghanaian Group Managing Director Of Puma Energy Read More »
The CEO of the Chamber of Bulk Oil Distributors Senyo Hosi is billed to speak at The Alm Africa Dialogue slated for the 21st of January 2020 at the Royal Geographical Society in London. The President of Uganda Yoweri Museveni is headlining the event as the Keynote speaker. The theme for the event is, “Harnessing
Senyo Hosi, President Museveni and others billed to speak at Africa Dialogue in London Read More »
The Ministry of Energy has announced that the West African Gas Pipeline Company Limited (WAPCo), which operates the West African Gas Pipeline (WAGP), will today shut down its offshore pipeline from Nigeria to Ghana for two months. The shutdown is to make way for a clean-up and inspection exercise of the offshore pipeline between the
WAPCo Shuts Down Offshore Pipeline Today Read More »
Prices of fuel have seen a slight increment of about 9 Ghana Pesewas at the various fuel stations. The increase in price has been met with mixed reactions from some commercial drivers as they lamented that the high price of the commodity is unbearable. While some were ready to pass the burden to the consumer,
Fuel Prices Increase By 9pesewas Read More »
In preparing for MARPOL 2020, Ghana’s Ministry of Energy (MoE) constituted a committee of key stakeholders in 2018 to review the implications of the new IMO rule. The committee comprised of National Petroleum Authority (NPA), Ghana Maritime Authority (GMA), Ghana Ports & Harbours Authority (GPHA), Association of Oil Marketing Companies (AOMCs), Environmental Protection Authority (EPA),
IMO 2020. IS GHANA READY? Read More »
The Institute for Energy Security (IES) is predicting oil marketing companies will likely increase the prices of their petroleum products to make up for the marginal price movement of crude oil on the international market. “Taking into consideration the two percent increment in prices of Crude oil, coupled with the 0.95 percent and 1.01 percent
IES Predicts Fuel Increase In 2nd January Pricing Window Read More »
The Vice President Dr. Mahamadu Bawumiah has inaugurated a state-of-the-art Command Centre for the National Petroleum Authority’s Bulk Road and Electronic Cargo Tracking Systems to control and monitor the distribution of petroleum products across the country. This technology will also help curb illicit activities in the petroleum downstream industry. According to the NPA, the dominant
