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 National Petroleum Authority (NPA) has ruled out reports of diesel shortage on the market, insisting, the country has adequate stocks to last for more than two weeks. It follows reports that some Oil Marketing Companies (OMCs) are struggling to secure diesel from Bulk Oil Distribution Companies. This resulted in shortages at some service stations […]
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Russia’s new sanctions, which include a total of 30 entities, have increased momentum as the European Union stalls over plans for a Russian oil ban.
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
Gas is cheaper than crude when used for a generation, but free Gas from jubilee had always been preferred due to the impact on pricing.
Government says it is currently receiving proposals from potential strategic investors for a possible restructuring of the Tema Oil Refinery (TOR).
A former CEO of GNPC, has officially launched a book which chronicles his role and steps Ghana’s national oil company took leading to the discovery of oil in commercial quantities in 2007.
Government to establish new State-owned Enterprises (SOEs) in the energy and mining sectors in the wake of continuous losses incurred by existing energy sector SOEs.
Brent crude futures rose 88 cents, or 0.8%, to US$108.47 a barrel by 0639 GMT after gaining 2.1% in the previous session