Star Oil Ghana’s Chief Executive Officer, Philip Tieku, says the company’s steady rise to market leadership has exposed the long-held myth that low-priced fuel must mean poor quality. Speaking on JoyNews’ PM Express Business Edition with George Wiafe on Thursday, November 6, Mr Tieku said the results speak for themselves. “The jury is out there....
Category: Oil and Gas
Post
Post
Star Oil’s Rise to the Top Not Just About Pricing – CEO Philip Tieku
The Chief Executive Officer of Star Oil Ghana, Philip Tieku, has emphasized that the company’s emergence as Ghana’s leading oil marketing firm is the result of a broad strategic approach rather than merely competitive pricing.According to Mr. Tieku, Star Oil’s impressive growth stems from a deliberate combination of efficiency, innovation, and disciplined management. He highlighted...
Post
How Ghana Has Spent Its Oil Wealth Since 2011 — Fourteen Years On
How Ghana Has Spent Its Oil Wealth Since 2011 — Fourteen Years OnFourteen years after the first barrels of oil flowed from the Jubilee Field, Ghana’s petroleum story remains one of promise and underwhelming returns. Despite earning an estimated $11.58 billion from crude production since 2011, the sweeping transformation many anticipated has yet to materialize.The...
Post
Nigerian Senate uncovers unaccounted $303bn in crude oil proceeds, move to expose thieves
In Nigeria the Senate on Wednesday through its ad-hoc committee on crude oil theft in the Niger Delta, uncovered about $303billion unaccounted crude oil sales. The alleged unaccounted $303billion oil sales, was contained in the committee’s interim report presented to the Senate during plenary by Senator Ned Nwoko (Delta North). According to the report, a...
Post
Stop Exporting Crude: OPEC’s Wake-Up Call to Nigeria
Port Harcourt, Nigeria — November 6, 2025. Professor Wumi Iledare, Professor Emeritus of Petroleum Economics and Principal Facilitator at the FUPRE Energy Business School, has described the recent appeal by the Chairman of OPEC’s Board of Governors, Adeyemi-Bero, for Nigeria to “stop exporting crude” as a timely wake-up call for policy re-direction and economic realism....
Post
Ghana’s Oil Production Declines 32% as Government Moves to Restore Investor Confidence
By Isaac Hughes | Western Region Ghana’s oil sector has recorded a sharp decline in output, with production falling by 32 percent — from 71.4 million barrels in 2019 to 48.2 million barrels in 2024. The downturn, experts warn, poses serious challenges to government revenue and foreign exchange earnings, both of which rely heavily on...
Post
Libya Announces New Onshore Oil Discovery
Libya’s National Oil Corporation (NOC) said on Tuesday its wholly-owned subsidiary Arabian Gulf Oil Company (ACOGO) has made a new oil discovery in the Ghadames basin in northwestern Libya, close to the Libyan-Algerian border. The discovery was made in well H1-NC4, with daily production estimated at about 4,675 barrels per day of crude oil, and...
Post
US becomes first country to export 10 million tonnes of LNG in single month
The U.S. has become the first country to export 10 million metric tonnes (mmt) of liquefied natural gas in a single month, according to preliminary data from financial firm LSEG. The U.S. exported a record 10.1 mmt of the liquid fuel in October, up from a revised figure of 9.1 mmt in September, LSEG data...
Post
Oil slips on oversupply concerns, stronger dollar
Oil prices fell over 1% on Tuesday as OPEC+’s decision to pause output hikes in the first quarter next year along with weak manufacturing data and a stronger dollar weighed on the market. Brent crude futures fell 82 cents, or around 1.3%, to $64.07 a barrel by 0905 GMT. U.S. West Texas Intermediate crude was...
Post
COMAC Warns High LPG Taxes Could Fuel Deforestation Across West Africa
The Ghana Chamber of Oil Marketing Companies (COMAC) has cautioned that excessive taxes on Liquefied Petroleum Gas (LPG) are undermining efforts to promote clean energy and protect forests across West Africa. The Chamber says the growing tax burden is forcing millions of low-income households to revert to charcoal and firewood for cooking, accelerating deforestation and...