The Chamber of Bulk Oil Distributors (CBOD) is urging corporate organisations to expand and diversify their Environmental, Social, and Governance (ESG) initiatives to ensure that vulnerable and marginalised groups benefit more meaningfully from social investment programmes nationwide. This call was made by the Chief Executive of CBOD, Dr. Patrick Ofori, during the commissioning of a...
Category: Oil and Gas
Post
Post
Italy’s Eni discovers major gas reserves off Borneo in Indonesia
Italy’s Eni (ENI.MI), opens new tab said on Tuesday it had made a significant gas discovery in an exploration well around 50 kilometres (31 miles) off the eastern coast of Indonesia’s part of Borneo island. Preliminary estimates indicate gas volume of 600 billion cubic feet in the four reservoirs within the well trajectory, with a...
Post
Star Oil launches fuel now, pay later scheme using Ghanacard and credit scoring system
Star Oil has unveiled a new initiative that allows commercial drivers to buy fuel on credit using their Ghanacard and an individualised credit scoring system, offering much-needed financial relief to thousands of drivers across the country. The concept, dubbed Fuel Now, Pay Later, was announced in a Facebook post by Star Oil, following weeks of...
Post
Cybele Energy’s Guyana oil deal opens strategic frontiers for Ghanaian investors – Commerce Chamber
Ghanaian businesses should consider turning their attention to Guyana, now one of the world’s fastest-growing petroleum frontiers. This comes after Ghanaian-owned Cybele Energy secured a major offshore oil block that could unlock a new wave of international investment opportunities for local firms.Cybele Energy is expected to sign the Production Sharing Agreement for the shallow-water Block...
Post
ACEP Cautions Government Against Direct Oil Production Over GNPC’s $1.5bn Governance Failures
Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye, has cautioned that Ghana should refrain from venturing into state-led oil production, citing severe governance lapses and inefficiencies at the Ghana National Petroleum Corporation (GNPC). Speaking during the NorvanReports, Economic Governance Platform (EGP) and Ghana Anti-Corruption Coalition (GACC) X Space Discussion themed “Beyond...
Post
Ghanaian company to sign oil exploration agreement with Guyana
Ghanaian-owned energy firm Cybele Energy Ltd is set to make a major stride on the international stage as it prepares to sign an agreement to explore for oil in a shallow-water block in Guyana. The deal, expected to be concluded next Tuesday, December 9, was confirmed by Guyana’s Minister of Natural Resources, Vickram Bharrat, on...
Post
IET Ghana honours TOR Managing Director for leadership in reviving refinery
The Institute of Engineers & Technology (IET), Ghana has honoured the Managing Director of Tema Oil Refinery (TOR) Ltd., Edmond Kombat Esq., for his exceptional leadership in restoring the country’s premier refinery to productive operation. The recognition was announced at the Institute’s 29th Annual General Meeting and Induction Ceremony held on November 27, 2025, where...
Post
COMAC Calls for Supply Stabilisation and Pricing Reforms at 2025 National LPG Promotion Forum
At the National LPG Promotion Forum held this week under the theme “One Industry, One Vision: A Collaborative Approach to LPG Sector Transformation,” the Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr. Riverson Oppong, delivered a strong message urging government and industry players to take decisive steps to stabilise LPG supply...
Post
PHDC CEO Highlights Transformational Impact of Petroleum Hub at Planners’ Conference
The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr. Toni Aubynn, has underscored the transformative economic potential of Ghana’s proposed Petroleum Hub, describing it as a major catalyst for growth and job creation.Speaking on Thursday, November 26, 2025, at the 54th Annual Conference of the Ghana Institute of Planners in Tamale, Dr....
Post
Springfield’s Unpaid Awards and Rising Liabilities Threaten Ghana’s Planned WCTP2 Takeover
As Ghana prepares for a possible state-led takeover of the West Cape Three Points Block 2 (WCTP2), a coalition of international creditors is circling Springfield Exploration & Production Ltd, the current operator, warning that the Government must not proceed without confronting a ballooning web of unpaid obligations. The most forceful warning comes from Stena Drilling...