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Oil News
Energy Minister, Dr. Matthew Opoku Prempeh has reiterated calls for Ghanaians to assume leading roles in the various sub-sectors under the country’s energy sector. According to him, the practice of expatriates being awarded huge contracts due to the lack of skills and technical know-how among Ghanaians must be addressed. To achieve this, he believes more...
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The Chief Executive Officer of Tullow Oil PLC, Rahul Dhir, has lamented the lack of investments in the oil industry. According to him, this is limiting the production of oil at the Jubilee and TEN oil fields. In an interaction with the media, he stated that: “Because of a lot of focus on climate change...
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The Deputy Chief Executive Officer at the Ghana National Petroleum Corporation (GNPC), in charge of Technical Operations, Opoku-Ahweneeh Danquah, has taken over from Dr. Kofi Koduah Sarpong as the new chief executive officer of the company. Dr. K.K Sarpong, is expected to step down as the chief executive officer of the company later this week...
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Speaking at the launch of the National Petroleum’s Safety Campaign dabbed ‘People Safety First’ to help curb petroleum related incidents in the country, the Chief Executive Officer of the National Petroleum Authority, Mr. Hassan Tampuli said the national safety campaign was aimed to raise awareness of the need to adhere to safety rules when handling...
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President Nana Akufo-Addo has commissioned Ghana’s third oil Floating Production Storage and Offloading (FPSO) vessel named after former President John Agyekum Kufuor. Watched on by a line-up of top government officials and Italian managers of the vessel, the President turned the valve wearing a smile that meant – let the cash flow. The FPSO will...
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Pressure Group Occupy Ghana has watered down an alleged report by the Bureau of National Investigations (BNI) and National Security on the Bulk Oil Storage and Transportation (BOST) contaminated fuel saga, describing it as “deficient.” The Minority Leader in Parliament, Haruna Iddrisu on Wednesday hinted that the said report sought to exonerate the Managing Director...
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The Acting CEO of the National Petroleum Authority suspects the absence of regulation of offspec products is the reason for the serial oil contamination at the Bulk Oil Storage and Transportation Company. Hasan Tampuli is therefore insisting on regulation as one of the immediate steps to solving the oil contamination canker in the country. Speaking...
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ACEP Executive Director, Ben Boakye, described the circumstances under which the fuel got contaminated as bizarre. The release by the NPA on Tuesday, signed by its Acting Chief Executive, Alhassan Tampuli, said the Authority will take appropriate legal action against the two companies. Read the full statement from the NPA which also details investigation into the...
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The former (L) and current (R) Managing Directors of BOST The Bulk Oil Storage and Transportation (BOST) says the controversy over the sale of contaminated fuel is serving no purpose other than to distract from the financial rot overseen by the immediate past BOST Managing Director, Kingsley Kwame Awuah-Darko. The rot under Kwame Awuah-Darko left a...
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Banks that are exposed to the Bulk Oil Distribution Companies (BDCs’) debts want government to draw out a plan to facilitate payments from the Energy Sector Levies Act [ESLA]. They argue that the plan will facilitate payments and help them make the necessary provisions accordingly. Explaining the impact of the absence of a detailed plan...
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