The Tema Oil Refinery (TOR) has restarted crude oil refining operations after several years of inactivity, marking a major step in efforts to revive Ghana’s downstream petroleum sector. The resumption follows the successful completion of extensive Turnaround Maintenance (TAM) works on the refinery’s Crude Distillation Unit (CDU), carried out between August 1 and October 30,...
Category: Oil and Gas
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National Oil Companies Quietly set the Pace for the Next Decade
The prevailing structural theme right now is that national oil companies (NOCs), in some cases and across some segments, are moving faster than the majors, outspending them, beating them in locking up supply chains, and building cash cows faster for the future. You can see it directly in upstream spending trends highlighted by the IEA...
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TEMA: TOR BACK TO REFINING CRUDE
The Tema Oil Refinery (TOR) has resumed crude oil refining, marking a significant turnaround for Ghana’s only state-owned refinery after years of operational decline. Following extensive maintenance works, management confirms that system flushing and test runs on the Crude Distillation Unit have been successfully completed. The refinery has now entered the flare-up and stabilisation phase,...
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Tema Oil Refinery Holds Final Staff Durbar for 2025
Tema Oil Refinery (TOR) has held its fifth and final staff durbar for the year, marking another milestone in its ongoing efforts to revive operations. The durbar took place on Friday, December 12, 2025, under the auspices of the Managing Director, Edmond Kombat Esq. In line with TOR’s commitment to good governance and transparency, the...
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Market leader Star Oil drops fuel prices with petrol selling at GH¢10.97 and diesel at GH¢11.79
Market leader Star Oil has cut prices across its petroleum products at selected service stations nationwide. A litre of petrol has been reduced from GH¢11.97 as quoted on November 18, 2025, to GH¢10.97. Diesel has also seen a price cut, dropping from GH¢12.74 to GH¢11.79 per litre. These prices apply to selected outlets as part...
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Government Reassures Investors of Stability in Ghana’s Upstream Petroleum Sector
Government has reiterated its commitment to maintaining Ghana’s upstream petroleum sector as a safe and attractive destination for investment, as it deepens reforms across both the upstream and downstream segments to strengthen stability in the energy and power sectors. Acknowledging energy as a critical driver of economic activity, government says it has prioritised policies aimed...
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GOIL PLC Spreads Yuletide Cheer to Senior Citizens at Festival of Nine Lessons and Carols
GOIL PLC, in partnership with the Golden Chapter Foundation, brought warmth, joy, and companionship to senior citizens at a Festival of Nine Lessons and Carols held at the Immanuel Methodist Church, East Airport. The service, themed “Spread the Cheer 2025,” created a memorable yuletide experience filled with scripture readings, traditional carols, and moments of reflection....
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Ghana’s Oil Export Earnings Slide by More Than $1bn in 2025
Ghana recorded a sharp fall in oil export earnings in the first ten months of 2025, according to the latest data from the Bank of Ghana, underscoring mounting challenges in the country’s petroleum sector. By the end of October 2025, oil exports had declined to $2.2 billion, down from $3.3 billion over the same period...
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Ghana’s Oil and Gas Resources Remain Key Drivers of Economic Transformation – Dr. Yussif Sulemana
The Technical Advisor and Second Gas Processing Plant Focal Point at the Ministry of Energy and Green Transition, Dr. Yussif Sulemana, has underscored the critical role of Ghana’s oil and gas resources in driving economic growth and national transformation, describing the country as a safe and attractive destination for energy investment. Dr. Sulemana made these...
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Springfield Deal: CSOs Should Allow Government to Conduct Independent Valuation – Dr. Sulemana
The Technical Advisor and Second Gas Processing Plant Focal Point at the Ministry of Energy and Green Transition, Dr. Yussif Sulemana, has urged Civil Society Organisations (CSOs) to allow the government the space to undertake an independent and thorough valuation in its ongoing engagement with Springfield Exploration and Production Limited. His remarks come amid growing...