Mr Bawa said GOIL and Star Oil are competing for the same customers, with both companies deploying different strategies to strengthen their positions in the fuel market. Speaking on Joy News’ PM Express Business Edition on Thursday, he said the relationship between the two companies has remained strictly businesslike. “Our relationship has been businesslike. They...
Month: September 2026
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GOIL’s biggest strength lies in its people, structures and strong internal systems – Bawa
The smooth transition of Edward Bawa into the leadership of GOIL has been driven by more than just staff support. The Group CEO and Managing Director says the company’s strong human capital, established structures, and internal policies have made his first year in office easier than he expected. Mr Bawa, who had no previous experience...
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BOSTLA Celebrates a Decade of Excellence: A Landmark 10th Anniversary Milestone
The BOST energies Ladies Association (BOSTLA), the corporate women’s arm of BOST Energies Limited Company, has successfully concluded its landmark 10th Anniversary celebrations, marking ten years of driving female empowerment, workplace advocacy, community impact and corporate excellence. Officially launched on August 10, 2026, and culminating in a grand Gala Night on September 5, 2026, the...
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Ghana Signs MoUs with Eni, Vitol and GNPC for Offshore Acreages
The Government of Ghana has signed two Memoranda of Understanding (MoUs) with Eni Ghana, Vitol Upstream Tano Ltd (Vitol), and the Ghana National Petroleum Corporation (GNPC) covering the offshore acreages GH WB 3 and GH WB 8 in the Tano Basin. The agreements mark a significant step in the government’s efforts to revitalise oil and...
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Petroleum Commission, Kosmos Energy Ghana Sign Agreement to Build Technical Capacity
The Petroleum Commission and Kosmos Energy Ghana have signed an agreement to facilitate the secondment of selected engineers from the Commission to Kosmos Energy’s facilities in Texas, United States. The initiative forms part of the Commission’s ongoing efforts to develop a highly skilled and technically competent workforce capable of effectively regulating and supporting Ghana’s upstream...
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Africa’s Energy Ambitions Face A Domestic Financing Test
Energy financing Africa’s ability to expand energy production and turn natural resources into industrial growth will increasingly depend on whether its own financial institutions can provide the capital needed to develop projects, the Secretary-General of the African Petroleum Producers’ Organisation (APPO), Farid Ghezali, has said. The call was made during the 7th Angola Oil &...
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Dangote to retain 84.34% control of Refinery after planned N2.15 trillion IPO, Prospectus shows
Despite N2.15 trillion planned share sale in what bids fair to be Africa’s biggest share sale, Aliko Dangote’s beneficial ownership of Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) will stand at 84.34%, not the 65.8% suggested by his largest single shareholding vehicle. Nairametrics analysis of the company’s prospectus for the Initial Public Offering (IPO) dated...
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Ghana’s electricity generation continues to decline, recorded peak demand of 3968MW in July 2026 – PURC
Ghana’s electricity generation continued to decline, recording a 3.99% decrease on a month-on-month basis in July 2026, but increasing by 6.20% year-on-year, a Fact Sheet from the Public Utilities Regulatory Commission (PURC) has disclosed.This indicates sustained annual growth despite lower output in July as a result of seasonal changes in demand that is lower demand...
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Downstream Petroleum Industry Set for 2026 COMAC PETFUN Games
Ghana’s downstream petroleum industry is set to swap the boardroom for the playing field as companies across the sector converge at the Burma Camp Sports Complex for the 2026 Chamber of Oil Marketing Companies (COMAC) Petroleum FUN Games (PETFUN). The two-day sporting event is scheduled for September 11 and 12, 2026, with activities beginning at...
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Global oil prices hit $100 per barrel as Middle East conflict roils markets
New York — Global oil prices are back at $100 per barrel, rising to their highest levels since July as fighting in the Middle East raises concerns about prolonged disruptions to oil supply.Brent crude, the global oil benchmark, rose 2.3% early Wednesday to briefly trade at $100 per barrel for the first time since July,...