Category: Oil And Gas
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Bulk Oil Distribution Companies commend BOST for setting-up call centre
The Bulk Oil Distribution Companies (BDCs) have commended the management of Bulk Oil Storage and Transportation (BOST) company limited for setting-up a Call Centre to enable stakeholders have a quick response to issues regarding their stock balance. The BOST Call Centre will serve as a vital information network to ease doing petroleum transportation business as…
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Article: Qatar out of OPEC
For some it is such a big news, but for others it is no news at all ― the decision by Qatar to pull out of the Organization of Oil Exporting Countries (OPEC) effective January 2019, after nearly six decades. While many industry watchers links Qatar’s quitting decision to feud with the Saudi Arabia-led group,…
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Ghana’s petroleum revenue must be utilized judiciously — PIAC
There is the need for more judicious use of revenue generated from Ghana’s petroleum sector for accelerated economic growth, Dr. Stephen Manteaw, Chairman of the Public Interest and Accountability Committee (PIAC), has said. “It is important that we set our priorities right in order to fully harness potentials in the sector,” he said. …
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VRA responsible for 98% of Ghana Gas’ debt stock – PIAC report
It has emerged that the Volta River Authority, VRA, alone is liable for almost ninety-nine (98.99) percent of the amounts owed the Ghana Gas Company by its suppliers. According to the 2018 annual report of the Public Interest and Accountability Committee, PIAC, the VRA owes Ghana Gas over two hundred million dollars as at the…
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Tullow confirms incident of man jumping overboard FPSO Kwame Nkrumah
Tullow Ghana Limited, the operator of the Jubilee Fields, on Wednesday confirmed it was aware of an incident offshore involving a contractor who jumped overboard the FPSO Kwame Nkrumah at 14:25 hours on Tuesday. According to a statement from the company, full Emergency Response procedures were activated, and the contractor was rescued at 14:33…
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Article: Boosting energy access, security in West Africa through regional cooperation
The developed part of the globe have found reliable and affordable energy as an enabler to goods and services that has enriched and extended lives. And for developing countries, the need for consistent supply of affordable energy is more vital to modernizing agriculture, increasing trade, empowering women, saving lives, improving transportation, expanding industries, and powering…
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Petroleum Commission secures training programme for Ghanaians
The Petroleum Commission has commended Baker Hughes/GE on its decision to train five Ghanaians to become internationally accredited and certified welders. The training which is estimated at a cost of $250,000 is part of efforts to support the Accelerated Oil and Gas Capacity programme. The programme is aimed at building the capacity of the Ghanaian…
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IES predicts 3% decrease in fuel prices for second pricing window in June
The Institute of Energy Security (IES) is predicting that prices of fuel at the various pumps are expected to reduce by between 3 and 5 percent within the second pricing window in June starting from Monday, June 17. This the Institute is attributing to developments on the international market. Per the international market figures, average…
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Petroleum Commission bridges skills gap in upstream industry
Ahead of a one-year specialised welding training programme for five Ghanaians in the upstream petroleum industry, the CEO of Petroleum Commission, together with other government officials have undertaken a familiarisation visit of the technical institution identified to train the welders over the period. The specialised welding programme which cost about $250,000 and sponsored by Baker…
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Fuel under-delivery: Oil Marketing Companies apologise to consumers
The Association of Oil Marketing Companies (AOMCs) has apologised to consumers who may have been affected by under delivery of fuel at various pumps. The Association is however assuring of working closely with its members to ensure the situation does not recur. A statement issued by the AOMCs on the matter further said that the…