News

Juwel Energy Limited has been declared the ‘Bulk Oil Distributing Company (BDC) Company of the Year’ at the 2019 Ghana Oil and Gas Awards. This is the second time in succession that the wholly Ghanaian downstream oil and gas company has won the award after it picked a similar award in 2018. Juwel Energy also […]

The National Petroleum Authority (NPA) has reversed with immediate effect its earlier decision to increase the BOST margin on petroleum products by 100 per cent. The communication to reverse the earlier decision was contained in a memo to the Oil Marketing Companies on Monday. The BOST margin was expected to increase from GH¢0.03 to GH¢0.06

Springfield Exploration and Production (E&P) Limited, an independent upstream player in the Republic of Ghana and its partners, Ghana National Petroleum Corporation (GNPC) and GNPC EXPLORCO, on Wednesday, officially announced the discovery of 1.5 billion barrels of crude and gas at its Afina-1 well in Block 2, offshore Ghana. “Springfield has more than doubled its

Liquefied Petroleum Gas (LPG) Pump Attendants will soon be licensed by the Environmental Protection Agency (EPA) as part of the broader procedures to inject professionalism into the sector to reduce accidents concomitant with gas usage. The EPA has, therefore, rolled-out initial processes towards the licensing regime which requires that every LPG Attendants must go through

The Bulk Oil Storage and Transportation (BOST) company has written off 50% of the BOST overstay fees charged to Bulk Distribution Companies. This follows successive negotiations between the Chamber of Bulk Oil Distributors (CBOD) and BOST. The BOST overstay charges has been a matter of contention between the two sides because in as much as

Global oil-producing group OPEC and its allies are meeting in Vienna, with expectations raised over whether the alliance will make further cuts to its output at the two-day gathering. The 14 members of OPEC and a group of allied non-OPEC producers led by Russia (collectively known as OPEC+) are expected to at least keep production

The Chamber of Bulk Oil Distributors (CBOD) has participated in an all-important national dialogue on electoral violence ahead of the 2020 general elections, organized by the Center for Democratic Development (CDD-Ghana) in partnership with the United Nations Development Programme (UNDP). The event premiered a chilling documentary on political vigilantism and electoral violence. It also shared

The Chamber of Bulk Oil Distributors (CBOD) has had engagements with the National Investment Bank (NIB) on the oil and gas industry. CBOD CEO Senyo Hosi during talks with the Treasury and Investment department of the NIB on Monday, gave an overview of the petroleum industry, a breakdown of the value chain and some investment

The Private Enterprises Foundation (PEF) has held its Annual Delegates Assembly Meeting in Accra. The delegates assembly agreed to have broader discussions about its having a re-look at the Local Content agenda for members and reviewing the constitution to reflect current trends. The delegates also accepted to increase the auditor’s fee after accepting the financial

The Tema Oil Refinery (TOR) has signed an agreement to refine 11million barrels of crude. The agreement – a tolling crude oil processing agreement between Tema Oil Refinery and Woodfields Energy Resources Limited, a wholly Ghanaian-owned oil trading company, is backed by the world’s largest oil and gas trader. Woodfields Energy’s long history with the Refinery