Joshua Batsa Narh, the Executive Chairman of the Energy Chamber Ghana and a Director at Wingfield Group, has asserted that Ghana’s upstream petroleum sector requires a strategic overhaul of its risk management and contracting architecture rather than a primary reliance on lowering royalty rates to attract investment as recommended in PIAC’s 2025 report. The expert’s...
Category: Oil and Gas
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Ghana to Lose 30m Barrels Annually by 2030 If Current oil Decline Persists – Energy Chamber Warns
Executive Chairman of the Energy Chamber Ghana, Mr. Joshua Batsa Narh, has issued warned that the nation’s energy sector faces a critical structural turning point that could see annual crude oil production plummet to below 30 million barrels by 2030 if present decline trends remain unaddressed. This projected downturn, highlighted by Energy Chamber chair in...
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CEO of Ghana’s National Gas visits Western Region to strengthen operations
Ms. Judith Adjobah Blay, Chief Executive Officer of Ghana National Gas Limited Company, has embarked on a strategic tour of manufacturing companies in the Western Region that rely on lean gas for their operations.Ghana Gas continues to play a vital role in Ghana’s industrial and energy sector by processing and supplying lean gas safely and...
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Over 30% unsafe cylinders uncovered under Cylinder Recirculation Model
The Ghana Cylinder Manufacturing Company (GCMC) has disclosed that a significant proportion of gas cylinders submitted for refurbishment under the Cylinder Recirculation Model (CRM) are no longer safe for use, raising fresh concerns about household safety across the country.According to the company, nearly 30 percent of cylinders presented for inspection and refurbishment were found to...
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Parliament Commends Ghana Cylinder Manufacturing Company Revival Drive, Backs Funding Support for Expansion
The Chairman of Parliament’s Energy Committee, Hon Emmanuel Kwasi Bedzrah, has commended the Ghana Cylinder Manufacturing Company (GCMC) for its efforts to revitalize operations and improve performance. Speaking during a working visit, Hon. Bedzrah highlighted ongoing measures to retool the company and restore it to full productivity. According to him, GCMC has already begun making...
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NPA Hosts WLGA Leadership, Reaffirms Commitment to Gas Sector Growth
The Chief Advocacy Officer and Deputy Managing Director of the World Liquid Gas Association (WLGA), Michael Kelly, today (Monday) paid a courtesy call on the Chief Executive of the National Petroleum Authority (NPA), Mr. Godwin Kudzo Tameklo Esq.Mr. Kelly commended the NPA’s leadership and Ghana’s progress in gas sector regulation, describing the country as a...
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Oil production decline poses long-term threat to fiscal stability
By Kizito CUDJOE The country’s steady decline in oil production is emerging as a long-term threat to fiscal stability, eroding a once-reliable revenue stream and exposing the budget to heightened volatility at a time of tightening economic conditions, a resource governance expert has cautioned. With crude output falling consistently after peaking in 2019 and petroleum...
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Wrong-Way Bets on Oil Had a Star Trader Hundreds of Millions in the Hole
Vitol, one of the world’s largest commodity-trading firms, is among companies hardest hit by the Iran war A team led by a star trader at Vitol, the world’s biggest oil merchant, took a several hundred million dollar hit early in the Iran war after bets in the petroleum market went awry, people familiar with the...
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Star Oil posts strongest growth to cement market leadership in 2025
Star Oil has recorded the highest growth in petroleum product sales, consolidating its position as the market leader in Ghana’s oil marketing industry for 2025. The company grew by 27.76% in total petroleum products sold, achieving a market share of 10.68%. This allowed it to narrowly overtake GOIL PLC, which posted a modest 1.72% growth...
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Nigerian Navy intercepts vessels carrying N4 billion worth of suspected stolen crude oil
The Nigerian Navy has seized two vessels containing 939 metric tons of suspected stolen crude oil valued at over N4 billion. The disclosure was made by the Commander of Joint Task Force South Operation Delta Safe, Olugbenga Oladipo, while briefing journalists in Calabar on Sunday. He said the operation took place at midnight on April...