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The Chief Executive Officer of the National Petroleum Authority, Hassan Tampuli has vowed to deal mercilessly with local companies found fronting for foreign companies in the Cylinder Recirculation Model (CRM) for the distribution of Liquefied Petroleum Gas (LPG). He said the Cylinder Recirculation Module is the sole reserve of indigenous companies. Mr. Tampuli noted that […]

The National Petroleum Authority (NPA) says it will be converting 510 high risk Liquefied Petroleum Gas (LPG) stations into cylinder distribution centers, when the Cylinder Recirculation Model (CRM) takes off completely. This, according to the Authority, follows Cabinet’s decision to implement the CRM after the unfortunate LPG explosion incident last year at Atomic Junction, near Accra. “What this means…they

The allegations by members of the  Ghana Liquefied Petroleum Gas Operators Association (GLiPGOA) that the National Petroleum Authority’s (NPA’s) recent shutdown of T-Terkpor Gas Refilling Station is an attempt to destroy local investments for multinationals to takeover has been treated with a pinch of salt. T-Terkpor Gas Refilling Station has dragged NPA to court for

Members of the Ghana Liquefied Petroleum Gas Operators Association (GLiPGOA) have asked the National Petroleum Authority to halt the reckless victimization of their businesses.  According to a press statement issued by the group, the NPA has been sabotaging their activities in the interest of some multinational companies. “The National Petroleum Authority’s apparent agenda to consciously

Russia’s production and exports of coal hit last year their highest levels since 2013, according to S&P Global Platts estimates of data from Russia’s Energy Ministry. Russian coal exports increased last year by 3.4 percent compared to 2017, to reach 191 million mt—the highest level since S&P Global Platts started collecting data on Russia’s coal industry in

America’s “Generation Energy” has achieved something that seemed impossible: an increase in energy consumption coupled with a consistent decline in carbon dioxide emissions to the lowest in several decades. That’s what the chief executive of the American Petroleum Institute told a news conference at the annual State of American Energy address. “Every generation has its own

“The oil market looks to be broadly balanced in 2019, an improvement on 2018 which turned out oversupplied,” Morgan Stanley analysts Martijn Rats and Amy Sergeant wrote in a note. “This supports a partial oil price recovery.” The investment bank says that the plunge in oil prices has “overshot,” with the selloff having been magnified

Goldman Sachs reduced its outlook for oil prices this year citing abundant supply, Bloomberg reports, quoting a note to clients. The investment bank’s analysts now expect Brent crude to average US$62.50 a barrel this year, down from an earlier projection of US$70 a barrel. West Texas Intermediate, according to Goldman Sachs, will average US$55.50 a barrel,