Category: Oil and Gas

The Chamber of Oil Marketing Companies (COMAC) has raised concerns over what it describes as ongoing regulatory challenges with the Ghana Revenue Authority (GRA), warning that the issues pose a threat to operational stability and fairness within the petroleum downstream sector.In a press release signed by the industry regulator Dr. Riverson Oppong, the Chamber said...

Partners in Ghana’s Tweneboa, Enyenra and Ntomme (TEN) oil fields have reached an agreement on final sale and purchase terms to acquire the floating production, storage and offloading (FPSO) vessel currently deployed at the field, ahead of the expiry of its lease in 2027, according to Kosmos Energy. In its operational and financial update released...

Ghana is set to increase its stake in the Jubilee oilfield as part of a licence extension agreement that will allow continued production from the country’s flagship offshore assets well into the next decade, while also supporting efforts to arrest output decline through additional drilling. The government has approved extensions to the West Cape Three...

Ghana’s first-quarter laycan allocation programme, dated 31 December 2025, is triggering pushback from a cross-section of importers who say the schedule’s growing reliance on three-party co-loading is raising operational risk and eroding certainty for supply planning. At the centre of the discontent is a shift in how discharge windows at ABB are being shared. Multiple...

The Chief Executive of the National Petroleum Authority, Mr. Godwin Kudzo Tameklo (Esq.), has commended Sentuo Oil Refinery for its contributions to the downstream petroleum sector. The NPA Boss also implored Sentuo Refinery to increase local content participation. These comments come after a team from the National Petroleum Authority led by the CEO, paid a...

Management of Tema Oil Refinery has officially procured and handed over a fleet of vehicles to significantly enhance and strengthen the operational efficiency of the refinery.The fleet comprises eight (8) brand new Mitsubishi vehicles, three (3) Toyota Coaster buses, two (2) industrial forklifts, as well as other essential operational vehicles to support day-to-day activities across...

The effect of the Tema Oil Refinery’s (TOR) return to operations on fuel prices will depend largely on how the facility is run, according to the African Centre for Economic Policy (ACEP).Kodzo Yaotse, ACEP’s Policy Lead for Petroleum and Energy, said TOR’s ability to consistently supply refined products over time will be critical if it...

Nigeria’s state oil and gas company is planning to jumpstart an industrial boom in the north of the country thanks to a much-delayed gas pipeline, Reuters has reported, citing the chief executive of the Nigerian National Petroleum Company. “This is not just about energy,” Bashir Ojulari said. “It’s about industrialisation – fertiliser plants, power generation,...

The GOIL Staff Durbar, Service Awards and Thanksgiving ceremony was a significant occasion marked by pride, gratitude and reflection, as employees and management gathered to celebrate the company’s collective journey.The event provided an opportunity to recognise and honour long-serving staff who have dedicated between 10 and 30 years of service to the organisation, acknowledging their...