Category: Oil And Gas
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No positive COVID-19 case recorded in Ghana’s upstream sector – Petroleum Commission
The Chief Executive Officer of the Petroleum Commission Ghana, Egbert Faibille Jnr, says oil and gas firms operating in Ghana’s upstream industry have taken the necessary precautionary measures amid the COVID-19 pandemic. According to him, none of the operators has reported a positive case of COVID-19, as they have taken steps to reduce numbers offshore,…
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COVID-19: Petroleum Commission optimistic of less impact on upstream production
The Chief Executive Officer of the Petroleum Commission Ghana, Egbert Faibille Jnr, has assured the public that the Commission will continue to fulfill its mandate of managing the utilization of the nation’s petroleum resources in spite of the COVID-19 pandemic. Speaking to Citi Business News during the unveiling of new solar-powered hand-washing machines procured by…
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Fuel prices to remain stable for 2nd pricing window in May – IES
The Institute of Energy Security, IES, says consumers should not expect any major change in the prices of fuel at the various pumps from the second pricing window spanning Saturday, May 16 to Sunday, May 31. The energy think tank attributes this to the marginal rise in fuel prices on the global market as well…
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WAPCo to undertake 10-hour shutdown of Tema site
The West African Gas Pipeline Company Limited (WAPCo), operator of the West African Gas Pipeline (WAGP), has announced that it will undertake a coordinated and planned 10-hour shutdown of its Tema Regulating and Metering Station (RMS) to complete outstanding works under the Takoradi Tema Interconnection Project (TTIP). According to WAPCo, the shutdown which will take…
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GOIL donates items worth over GHS50,000 to Poilce Hospital
As part of efforts to fight the coronavirus outbreak in the country, Oil Marketing Company (OMC), GOIL Company Limited, has donated items worth over GHS50,000 to the Police Hospital to help front line staff to fight the virus. The items include Medical scrubs, face masks, bed sheets, veronica buckets, liquid soap, tissue, hand sanitizers and…
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COPEC, IES back calls for an increase in BOST Margin
Civil Society Organizations, Chamber of Petroleum Consumers (COPEC), and the Institute of Energy Security (IES), have backed calls from the Bulk Oil Storage and Transportation Company (BOST) for an increase in the BOST Margin in the petroleum price build-up from 3 pesewas to 12 pesewas. According to them, if the Margin is increased, BOST can…
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Increase our Margin to maintain our Infrastructure – BOST MD
The Managing Director of the Bulk Oil Storage and Transportation Company, BOST, Edwin Provencal, says there is the need for the BOST margin in the petroleum price build-up to be increased from 3 pesewas to 12 pesewas. He says the current margin is woefully inadequate to put the company in a strategic position to fix…
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Francis Boateng named as new TOR MD
President Akufo-Addo has nominated Mr. Francis Boateng as the new Managing Director for the Tema Oil Refinery according to Citi News sources. He replaces the immediate MD, Kweku Asante Berko, who resigned over allegations of his involvement in a bribery scandal by the Securities and Exchange Commission in the U.S.A. TOR has been without a…
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Fuel prices to drop between 3 to 5% at pumps from today – IES
Consumers of petroleum products should be paying lower prices for fuel they purchase at the various pumps, for the next two weeks which is the first pricing window in May. Energy think tank, Institute of Energy Security, told Citi Business News its analysis shows a reduction of between 3 to 5% for the period spanning Friday…
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GRIDCo and Sunon Asogli build $5.4m Auto Transformer to boost power supply
The Energy Minister, John Peter Amewu, has commissioned a 330/161 KV interconnecting Auto Transformer at Sunon Asogli Power Plant in Tema boost power transmission and supply in the country. The interconnecting transformer which was built by the Ghana Grid Company Limited Ghana Limited and Asogli cost 5.4 million dollars. The Ghana Grid Company (GRIDCo) invested…