The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr. Riverson Oppong, has underscored the importance of promoting mental well-being and supportive workplace cultures within Ghana’s downstream petroleum sector. Dr. Oppong made the remarks when he led a delegation from COMAC to participate in the GOIL PLC HSSEQ Week celebration, held under...
Category: Oil and Gas
Post
Post
COMAC PAYS WORKING VISIT TO QUANTUM TERMINALS IN TEMA
The Chamber of Oil Marketing Companies (COMAC) has embarked on a one-day working visit to Quantum Terminals in Tema as part of this year’s safety week celebration. The visit was to help gain deeper insights into terminal operations, safety protocols, and the vital role infrastructure plays in ensuring efficient and reliable fuel distribution across the...
Post
UAE Breaks from OPEC+: Capacity Ambitions Redefine Global Oil Market Balance
Emery Invest Official: The United Arab Emirates’ decision to withdraw from the Organization of the Petroleum Exporting Countries (and the broader OPEC+ framework) effective May 1 marks a significant inflection point in global oil market dynamics.For context, under OPEC+, the UAE operated with a production baseline of roughly 3.17–3.4 million barrels per day, following hard-fought...
Post
London-listed Tullow Oil profit slumps on production hit as Ghana payment delays
West Africa-focused independent oil and gas explorer Tullow Oil posted an 87% slump in annual profit on Tuesday.This was partly due to lower production, while delayed payments from the Ghana government continued to weigh on its finances. The heavily indebted company had launched a capital overhaul after declining production and overdue payments from the Government...
Post
TOR Partial Privatization Worth Considering if Structured as Strategic Recapitalization – Expert
Mr. Joshua Batsa Narh, Executive Chairman of the Energy Chamber Ghana and a Director at Wingfield Group, has posited that the partial privatization of the Tema Oil Refinery (TOR) is a viable policy option that warrants serious consideration, provided it is executed as a strategic recapitalization rather than a mere asset disposal. This perspective expressed...
Post
Ghana Gas Engages Parliamentary Select Committee on Energy
Ghana National Gas Limited Company (Ghana Gas) hosted members of the Parliamentary Select Committee on Energy for an engagement session and a tour of its Gas Processing Plant (GPP), giving lawmakers firsthand insight into its operations. The Committee began its activities in the region with a courtesy call on the Western Regional Minister, Hon. Joseph...
Post
Kenya and Uganda Align Oil Assets to Build Regional Refining Capacity
Kenya plans to invest in Uganda’s Hoima refinery. The deal deepens energy ties between the two countries and across East Africa.President William Ruto said on April 23 in Nairobi that Kenya will invest in Uganda’s planned Hoima refinery, framing the move as a reciprocal step after Uganda took a stake in Kenya Pipeline Company (KPC)....
Post
Kenya and Uganda Align Oil Assets to Build Regional Refining Capacity
Kenya plans to invest in Uganda’s Hoima refinery. The deal deepens energy ties between the two countries and across East Africa. President William Ruto said on April 23 in Nairobi that Kenya will invest in Uganda’s planned Hoima refinery, framing the move as a reciprocal step after Uganda took a stake in Kenya Pipeline Company...
Post
ZEN Petroleum begins trading on GSE, raises GH¢640m
ZEN Petroleum Holdings PLC has officially began trading on the Ghana Stock Exchange (GSE), marking a major milestone in Ghana’s capital market and the company’s growth trajectory.The indigenous downstream petroleum firm listed 640 million ordinary shares on the Exchange, following what is being described as one of the most significant capital raises in recent years....
Post
Strait of Hormuz Traffic Grinds to a Halt Again as Iran Fires on Passing Ships
. Traffic via the Strait of Hormuz has been paralyzed again, with Bloomberg reporting there was only one vessel attempting to exit the strait and none trying to enter. The lonely vessel was a bulk carrier.The freeze followed Iran’s late Wednesday firing on three vessels traversing the strait, saying that the ceasefire it had agreed...