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...
Category: Oil and Gas
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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....
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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...
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Angola Launches Its First Plant to Process Non-Associated Gas
Angola inaugurated on Thursday its first plant to process non-associated natural gas as the African oil producer looks to develop a standalone gas industry, too. The plant, worth $4 billion, was inaugurated by Angola’s President João Lourenço in the presence of Minerals and Petroleum Minister Diamantino Azevedo. The gas processing facility was built in the...
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PHDC and GNPC Promise Strong Collaboration to Unlock Ghana’s Oil & Gas Potential
As part of efforts to strengthen ties with sister agencies in the oil and gas sector, the Petroleum Hub Development Corporation (PHDC) held a strategic meeting with the Ghana National Petroleum Corporation (GNPC) on Wednesday, November 26, 2025.The meeting, which was graced by the Chief Executive Officer of PHDC, Dr Toni Aubynn, and his counterpart...
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ASEC Warns of Looming Fiscal Crisis as It Urges Immediate Action to Reverse Ghana’s Crude Oil Production Decline
The Africa Sustainable Energy Centre (ASEC) has raised alarm over Ghana’s rapidly declining crude oil production, cautioning that the sharp fall in petroleum revenues poses a significant threat to national fiscal stability and energy security. In a statement issued on Monday, ASEC revealed that petroleum revenue dropped by 56% in the first half of 2025,...
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Dangote Contracts Honeywell International for Major Refinery Capacity Upgrade to 1.4 million barrels per day
Dangote Group is pleased to announce that it has entered a strategic partnership with Honeywell International Inc to support the next phase of expansion of the Dangote Petroleum Refinery. This collaboration will provide advanced technology and services that will enable the refinery to increase its processing capacity to 1.4 million barrels per day by 2028,...
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GNPC to begin onshore drilling in 2026, but CSOs question readiness
The country’s push to revive its dwindling oil fortunes is taking centre stage again as the state prepares to drill its first onshore exploration well in the Voltaian Basin during October 2026 – a move civil society groups say still lacks the clarity and technical assurance needed for such a major undertaking. The announcement, delivered...
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Gabonese oil billionaire Samuel Dossou-Aworet-backed Tullow extends Ghana licenses
Tullow Oil Plc, the London-listed explorer in which Gabonese-Beninese businessman Samuel Dossou-Aworet owns a major stake, has secured a long-term extension for its Jubilee and TEN field licenses in Ghana. The approvals run through 2040 and come alongside a new gas sales agreement that sets pricing for the remainder of the license period. The company...
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AOMC to COMAC: Rebrand Sparks New Era of Leadership, Innovation and Industry Impact
The Chamber of Oil Marketing Companies (COMAC), formerly the Association of Oil Marketing Companies (AOMC), was established in 2003 as the umbrella body for petroleum marketing operators in Ghana. Representing Oil Marketing Companies (OMCs) and Liquefied Petroleum Gas Marketing Companies (LPGMCs), COMAC serves as the collective voice of the downstream petroleum industry, advocating for policies...