PETROSOL Platinum Energy PLC, one of the leading oil marketing companies has received approval from the Ghana Stock Exchange and the Securities and Exchange Commission to raise long-term capital through the Ghana Stock Exchange, Managing Director Michael Bozumbil has said. The approval marks a milestone for the company, which has evolved over two decades from...
Category: Oil and Gas
Post
Post
Fuel pricing norm broken as market turns ‘radically volatile’ – COMAC CEO
The CEO of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, says Ghana’s fuel market has entered an unusually volatile phase, forcing oil marketing companies (OMCs) to respond in ways rarely seen under the country’s pricing system. His comments come as the government rolls out a ¢ 2-per-litre cushioning on diesel after another...
Post
LPG Demand Accelerates, but Supply Strategy Faces a New Test
Ghana’s latest petroleum import figures show that LPG imports continued to rise during the review period, signalling sustained growth in household and commercial demand for cooking gas.The trend is important because LPG has become one of the most visible components of Ghana’s clean-cooking and energy-transition agenda.The data indicate that LPG remains heavily dependent on imported...
Post
S/Africa targets Dangote Refinery secondary listing after planned Nigeria IPO
The Johannesburg Stock Exchange (JSE) is courting Dangote Petroleum Refinery for a secondary listing following the company’s scheduled initial public offering (IPO) on the Nigerian Exchange (NGX) later this year. The pursuit forms a broader part of the South African bourse’s strategy to attract high-profile African corporates and expand cross-border liquidity, positioning itself as the...
Post
Dangote Refinery turns to Libyan crude as supply from Nigeria slows!
Dangote Refinery has continued to intensify the diversification of its crude feedstock, reducing its dependence on Nigerian grades as it ramps up imports from Libya and other African producers to sustain high operating rates. According to crude tracking data by Argus Media, domestic crude accounted for 71 percent of the refinery’s feedstock in July, down...
Post
Chevron Gives Employees Half-Month Pay Bonus as Oil Price Surge Lifts Earnings
Chevron is awarding most employees a special bonus equivalent to half of their monthly base salary after the US oil major delivered its strongest quarterly earnings in at least six years, highlighting how the surge in crude prices and operational gains are feeding through to both shareholders and workers. Chief Executive Mike Wirth announced the...
Post
Ghana Gas Records 97% Rise in Net Profit as Jinapor Urges Focus on Energy Security
The Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has commended Ghana National Gas Company Limited (Ghana Gas) for its strong financial and operational performance in 2025, urging the company to sustain its focus on reliability, infrastructure expansion and long-term growth. Dr Jinapor made the remarks when he addressed the 8th Annual General...
Post
Mahama Commissions Refurbished TOR Crude Distillation Unit, Commends Management for Turnaround
President John Dramani Mahama has commissioned the refurbished Crude Distillation Unit (CDU) of the Tema Oil Refinery (TOR), describing the development as a major milestone in Ghana’s efforts to revive the state-owned refinery and strengthen domestic petroleum processing. The commissioning coincided with the official receipt of Ghana’s first one-million-barrel cargo of indigenous Jubilee Medium Sweet...
Post
Dangote Refinery IPO Set to Raise Over N4 Trillion as Investors Anticipate Landmark Public Offer
The forthcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) is expected to be the most significant public offering in Nigeria’s capital market this year, with analysts projecting that billionaire industrialist Aliko Dangote could raise more than N4 trillion when the offer opens in the last quarter of 2026. Market analysts...
Post
TOR Hails Ga Mantse’s Visionary Leadership in Driving Investment and Economic Transformation
The Acting Chief Executive Officer of Tema Oil Refinery (TOR), Mr. Edmund Kombat, has expressed the profound appreciation of the Board, Management and Staff of the Refinery to His Royal Majesty, the Ga Mantse King Tackie Tsuru for his visionary leadership and unwavering commitment to promoting investment and economic development in Ghana. On Tuesday, the...