The Ghana National Petroleum Tanker Drivers Union has declared a strike action and directed all drivers not to move their trucks starting Monday, October 19, 2020. The National Secretariat of …
Oil & Gas
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EconomyFeatureOil & Gas
President Mahama left an economic legacy at end-2016 – PART 2: Doing more with one (1) oilfield than with three (3) fields
Introduction The decline in crude oil/gas output and prices is a feature of global financial and non-financial crisis and the effect on global demand and commodity prices (for Ghana, gold, …
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EconomyInnovationsInvestmentsOil & GasProduction
GOIL profits up by 29% in 2019, pays dividend to shareholders
GOIL Company Limited, GOIL, recorded an impressive performance in 2019, with profits increasing by 29 percent and sales growing by 9.66 percent. Addressing shareholders at the company’s 51st Annual General …
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President Akufo-Addo has cut the sod for construction of the operational headquarters of the country’s national oil company, GNPC, in Takoradi in the Western Region The seven-storey complex which will …
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FeatureInvestmentsOil & GasProduction
Ghana: A Look at factors driving petroleum refinery profitability
According to the Congressional Research Service (CRS), measures of economic performance in the refining industry usually begin with the gross margin, referred to as crack spread. The gross refining margin …
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Kosmos Energy has reported a second-quarter loss of US$199 million after reporting a profit in the same period a year earlier. The Dallas-based company said it had a loss of …
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U.S. oil supermajor ExxonMobil will start suspending the employer match to the retirement savings plans of its employees in October, people who received the notification told Reuters. According to Oilprice.com, …
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The National Petroleum Authority (NPA), has launched a pilot implementation of government’s cylinder recirculation model (CRM) at Jomoro in the Western Region. As part of preparatory activities towards the pilot …
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EconomyInvestmentsOil & GasProduction
Tullow Oil touts strong Ghana operational performance in first 6 months
Tullow Oil PLC has said its operational performance in Ghana has been strong in the first half with uptime on both Floating Production and Storage and offloading vessels in excess …
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Gas Tanker Drivers Association of Ghana, has parked their Bulk Road Vehicles (BRVs) over myriads of challenges with key among them being the ban on newly built LPG stations by …
