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Oil News
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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The Tema Oil Refinery does not have the capacity to refine 10 parts per million (ppm) sulphur content levels for diesel. That’s according to the Bulk Oil Distributors. On Tuesday, CEO of TOR, Awuah Darko announced that in line with a directive from the NPA to import only 10ppm European standard fuel, it was going...
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A training program on Oil and Gas and Financial Reporting has been held for some selected media practitioners in Accra. The two-day training program, which was organised by  the Ghana News Agency (GNA) and KOSMOS Energy, an oil exploratory company,  bordered on oil and gas exploration, some dynamics of downstream oil marketing and financing by...
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Players in the country’s upstream oil and gas industry are calling on the government to freeze any attempt to replace the Chief Executive Officer (CEO) of the Petroleum Commission with a “politically aligned” person.
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