News

Three fuel tanker trucks have been destroyed by fire near a depot belonging to the Bulk Oil Storage and Transportation Company (BOST) at Buipe in the Central Gonja District of the Savannah Region. Officials of BOST told citinewsroom.com that efforts have been put in place to put out the fire. [PHOTO]http://cdn.modernghana.com/images/content/132020100603-qulxocb543-whatsapp-image-2020-01-03-at-12.10.07-pm.jpeg[/PHOTO] “Three of the tankers parked […]

Oil prices soared more than four percent Friday and equities reversed early gains following news that the US had killed a top Iranian general, fanning fresh fears of a conflict in the crude-rich region. The head of Iran’s Quds Force, Qasem Soleimani, was hit in an attack on Baghdad’s international airport early Friday, according to

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