GOIL PLC has announced that it has regained its number one position in the downstream petroleum sector, attributing the achievement to the dedication of its staff, dealers, and continued customer support. The number one spot was previously held by Indigenous firm StarOil Ghana. In a message addressed to staff and stakeholders, the Group CEO and …
The Greater Accra East Regional Office of Environmental Protection Authority (EPA) has held a stakeholder engagement for Fuel Service Stations and LPG Retail Outlets in Tema and its environs. The session focused on the new Environmental Protection Act, 2025 (Act 1124), permit compliance, and practical environmental, health, and safety measures. Key issues discussed included spill …
The US has lifted sanctions on some Iranian oil, as it scrambles to contain the impact of its war in Iran on energy markets. Treasury Secretary Scott Bessent announced the issuing of a narrowly tailored, short-term authorisation permitting the sale of Iranian oil currently stranded at sea. The move marks a stunning reversal of longstanding …
China has long braced for a Gulf oil supply shock - but the Iran war's disruption of a key global shipping route is now putting its resilience to the test. Energy shipments from the Middle East have been at a standstill following Iran's threats to attack vessels that pass through a critical trade waterway as …
A Natural Resource Governance Expert, Dr. Steve Manteaw, has proposed a set of short- to medium-term measures to help Ghana cushion the impact of rising global oil prices amid escalating tensions involving Iran, the United States and Israel. In a policy note, Dr. Manteaw recommended a reduction in the GHC4 per gallon levy on petroleum …
President John Dramani Mahama has commissioned the Sahara LPG Vessel, marking a major step in strengthening Ghana’s energy infrastructure and supporting the transition to cleaner energy sources. Describing the occasion as more than a ceremonial event in South Korea , the President said the commissioning represents “a significant milestone in strengthening the infrastructure that underpins …
Three vessels have been struck by projectiles of unknown origin in the Strait of Hormuz, maritime security and risk firms reported on Wednesday, raising the number of ships hit in the region to at least 14 since the conflict involving Iran escalated. Shipping through the strategic waterway has slowed significantly since the United States and …
The National Petroleum Authority (NPA) has assured the public that there is no need for panic buying of fuel, stating that the country has adequate petroleum stocks and a stable supply chain. A statement issued by NPA on Wednesday, March 11, said the national fuel supply situation remains stable despite concerns about possible impacts from …
Ghana has taken a significant step toward its first inland oil and gas drilling campaign following the signing of strategic agreements by GNPC Explorco with Lubrimax and Well Engineering Partners (WEP) to support exploration preparations in the Voltaian Basin. The agreements are aimed at advancing technical and operational readiness for onshore exploration activities, marking a …
Gas prices have spiked and stock markets indexes tumbled after an Iranian official said his country would "set fire" to anyone trying to pass through the key Strait of Hormuz shipping route. As the conflict between Iran and the US and Israel continued, the UK gas price surged by more than 46%, following sharp gains …
