Policy and Natural Resource Governance expert, Dr. Steve Manteaw, has warned that removing the National Petroleum Authority’s (NPA) minimum price floor for petrol could favor large oil marketing companies (OMCs) while undermining smaller competitors. Speaking amid the public debate between GOIL and Star Oil over fuel pricing, Dr. Manteaw drew on international examples to highlight …
A tanker loaded with diesel has fallen on the Liverpool Bridge in the Apapa area of Lagos State, spilling its contents on the road. The incident, which occurred on Monday, saw residents of the area scooping the inflammable contents without considering the associated risks. Disclosing this in a statement via X, the Lagos State Traffic …
A public exchange between the Managing Directors of GOIL and Star Oil has intensified debate within Ghana’s downstream petroleum sector over fuel pricing, competition, and the National Petroleum Authority’s (NPA) price floor policy. Managing Director of GOIL, Edward Abambire Bawa, in a social media post, questioned claims by some oil marketing companies (OMCs) that fuel …
The Minister in Charge of Government Communications, Felix Kwakye Ofosu, has stated that the GH₵1-per-litre Energy Sector Shortfall and Debt Repayment Levy has been effectively utilised and has contributed significantly to stabilising Ghana’s electricity supply. The levy was introduced to raise additional funds to support fuel purchases for thermal power plants and to clear outstanding …
The Bank of Ghana (BoG) has released official figures showing that Ghana’s Domestic Gold Purchase Programme (DGPP), including its Gold-for-Oil (G4O) and Gold-for-Reserves (G4R) components, recorded significant financial losses between 2022 and 2024, contradicting claims by the NPP Minority Caucus that the programme incurred no losses.In a response dated January 12, 2026, to a Right …
Nigeria's anti-graft agency will press ahead with a probe into the former head of the downstream oil regulator, even after billionaire Aliko Dangote's lawyers withdrew a petition that triggered the investigation, a spokesperson said on Thursday. The anti-graft agency (ICPC) confirmed receiving a January 5 letter from Dangote's lawyer withdrawing a complaint against ex-regulator Farouk …
Kosmos Energy has announced significant progress in its operations offshore Ghana, with a new producer well at the Jubilee Field expected to boost national crude oil output in early 2026. The company said the second producer well, J-74, under the ongoing 2025–2026 Jubilee Field development programme, has been successfully drilled and completed and is expected …
Kosmos Energy has provided an operational and financial update, highlighting continued progress across its portfolio, including significant developments in Ghana, Mauritania and Senegal. In Ghana, the company announced that the second producer well, J-74, under the 2025–2026 Jubilee field development campaign, has been successfully drilled and completed and is expected to come on stream shortly. …
Management of the Tema Oil Refinery (TOR) has officially procured and handed over a new fleet of vehicles aimed at significantly enhancing the refinery’s operational efficiency and strengthening day-to-day activities. The newly acquired fleet comprises eight brand new Mitsubishi vehicles, three Toyota Coaster buses, two industrial forklifts, and other essential operational vehicles to support operations …
