The National Petroleum Authority (NPA) has said that per its calculations, the directive to Oil Marketing Companies to increase the Bulk Oil Storage and Transport (BOST) margin on petroleum products from 3 pesewas to 6 pesewas effective June 1 will not increase the cost of petroleum products beyond 0.5...
Our attention has been drawn to comments made by policy think-tank the Africa Centre for Energy Policy (ACEP), calling on government to halt its plan to make the Ghana National Gas Company (GNGC) a gas aggregator because it lacks the capacity to do so.
In a statement issued in...
...as it kicks against plans to turn Ghana Gas into aggregator
It is high time Ghana stopped the continuous political experimentation with gas resources, the Africa Centre for Energy Policy (ACEP) has said - insisting that government halts the proposed plan to make Ghana National Gas Company (GNGC) a gas...
Consumers will soon have to pay more than the current average pump price of GH¢4.01 per litre for fuel, the Institute of Energy Security (IES) has predicted, citing a surge in prices on the international market.
The energy think-tank believes that the national average price of Gh¢4.01 per litre for...
Total has called off a plan to acquire Occidental Petroleum’s assets in Ghana, which was conditional on completing the acquisition of Occidental’s other assets in Algeria, the French energy company said on Monday.
The deal was part of an US$8.8billion agreement reached between Total and Occidental to take over Anadarko’s...
Oil prices climbed by more than US$1 a barrel on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping US$30 supported by optimism about the re-opening of economies and output cuts by major producers.
Brent crude LCOc1 was up US$1.21, or 3.7percent, at US$33.71 a barrel yesterday,...
In the span of just six months, Europe’s biggest oil and gas companies raced to commit to net-zero emission targets in response to increased investor and societal demands to start addressing the elephant in the room.
Investors welcomed the steps and the setting of specific targets for carbon emissions reductions...
For Africa, the COVID-19 pandemic is turning into a wake up call to find better ways to industrialise, chief amongst them being access to reliable, cheap and clean energy
As global markets think of the post-COVID-19 world and how the pandemic will reshape business models worldwide, African countries are coming...
IEA says mobility picking up, Chinese demand rose
S. to contribute biggest single output reduction by end-2020
IEA deems Gulf Arab cuts insufficient to balance market
Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said last week Thursday, but it trimmed...
Tullow Ghana announces that Kweku Awotwi, Managing Director of Tullow Ghana, and Executive Vice President of Tullow Oil plc, will be retiring from Tullow on 30th June.
Kweku will hand over his responsibilities to Wissam Al Monthiry who becomes Managing Director, Tullow Ghana, over the coming weeks before leaving the...