The company, which operates under an exclusive 15-year concession agreement from the Ghanaian Government on an
open-access basis, is jointly owned by Mining Oil & Gas Services of South Africa (65%) and Tema Oil Refinery (35%).
the price of fuel saw increases on the local market, in response to the rise in prices on the international market.
Brent crude futures slipped US$1.32, or 1.2%, to US$106.19 a barrel by 0646 GMT. WTI crude futures fell US$1.52, or 1.4%, to US$104.19 a barrel
If the U.S. passes the NOPEC bill, a bill designed to pave the way for lawsuits against OPEC members for market manipulation, the oil market could face even more chaos.
South America’s latest oil-producing nation, the former British colony of Guyana, is continuing to lay the groundwork for its oil boom.
Petroleum Consultant, Dr. Yusif Sulemana, has stated that Ghana needs to shift from its previous hybrid petroleum agreements to optimize the revenue it makes from the sector.
The Kosmos Innovation Center (KIC) in partnership with the Mastercard Foundation has launched the KIC Business Booster – an acceleration programme aimed at scaling Micro, Small, and Medium Enterprises (Agri-MSMEs) in the agriculture sector in Ghana.
GlobalData’s report, ‘Africa Oil and Gas Projects Analytics and Forecast by Project Type, Sector, Countries, Development Stage, Capacity and Cost, 2022-2026’, reveals that out of the 109 projects expected to commence operations in Nigeria, petrochemicals would account for 14, upstream (fields) 26, midstream 31 and downstream (refineries) would have the highest amount with 38.
The Public Interest and Accountability Committee (PIAC) has called on Parliament to place a cap on the percentage of annual revenue that the Ghana National Petroleum Corporation (GNPC) can spend on its corporate social investments (CSI).
The Public Interest and Accountability Committee (PIAC) has charged government to refund the $3.8 million spent by the Ghana National Petroleum Corporation (GNPC) on the Ghana Côte d’Ivoire Maritime Boundary dispute that took place few years ago.