he Energy Minister Dr Matthew Opoku Prempeh wants investors to turn their attention to Ghana’s oil and gas sector
The Chamber of Petroleum Consumers (COPEC) has kicked against the Energy Minister’s insistence on keeping the Bulk Oil Storage and Transportation Limited Company (BOST) margin as part of the petroleum price build-up.
In an attempt by the Ministry of Energy to continue to position
Ghana’s energy sector favourably in the minds of investors for
strategic partnerships and economic growth, Deputy Energy Minister,
Dr. Mohammed Amin Adam on Friday
Crude oil has returned to below $90 price as global recession fears continue to mount. Brent crude sold this morning, September 19, 2022 at $89.17, whilst WTI crude mostly used in the USA went for $84.20.
Minister of Energy, Dr. Matthew Opoku Prempeh, has commended
the Bulk Oil Storage and Distribution Company Limited (BOST) for
the turnaround in its operational and revenue fortunes.
The Bulk Oil Storage and Distribution Company Limited (BOST) has
increased its profits to GH¢161million in 2021 after it recorded a loss of GH¢291million in 2020.
The European Union is preparing to propose a plan that would force fossil fuel companies taking in windfall profits from surging oil and gas prices to submit financial contributions to offset soaring household energy bills, a draft document circulating around Brussels indicates.
Saudi Arabia and the United Arab Emirates as part of the OPEC+ pact led to a 790,000-barrel-per-day rise in global oil production in August, the International Energy Agency (IEA) said in its closely-watched Oil Market Report on Wednesday.
Nairobi-based pan African Investment and Credit Risks solutions provider, African Trade Insurance Agency (ATI), has signed a Memorandum of Understanding (MoU) with government for the roll out of the Regional Liquidity Support Facility (RLSF).
This represents about 183 percent increase over what Tullow Oil posted in the first half of 2021.
Meanwhile, its gross profit stood at $620 million ending June 2022.
The numbers were captured in Tullow Oil’s half year profits released by the company on 14 September 2022.