Lagos, Nigeria, December 15, 2017// – The House of Representatives Committee on Oil and Gas have given 10 indigenous oil companies in the country two weeks to remit $250 million oil royalty to Federal Government’s coffers.
Category: Oil & Gas
OPEC: Crude Oil Market Likely To Balance By End Of 2018
December 14, 2017//-Organisation of the Petroleum Exporting Countries, OPEC, on Wednesday said it expects demand and supply in the global oil market to balance out by the end of 2018 due to an improvement global in demand for crude, especially from the transport sector.
How Fisheries Sector Transformation Saves Ghana’s Oil and Gas industry
Accra, December 14, 2017//-Ground-breaking reforms and innovations introduced through the West Africa Regional Fisheries Program (WARFP) continue to protect not only the fisheries, but other sectors.
Blue Ocean Investments Supports Kpone Health Centre
Tema, December 14, 2017 –Blue Ocean Investments Limited, Ghana’s second biggest bulk distributor of fuels donated items to the Kpone Health Centre in Tema.
Total’s Poor Run Persists Despite Oil Price Rise
Lagos, Nigeria, December 14, 2017// – Oil prices have taken off with increasing cooperation between OrganiSation of the Petroleum Exporting Countries (OPEC) and Russia, but Downstream operator Total is yet to get its groove after slumps in the first and second quarters, leading to a tumbling stock price, something nearly unthinkable in July.
EBRD Loan Helps Connect 18 Turkish Towns to Gas Supply
December 13, 2018//-Turkey’s natural gas distribution company Enerya is expanding to 18 towns in eight provinces of Turkey. The EBRD and Garanti Bank are financing a part of the investment programme, with each providing a 100 million Turkish lira loan (€24 million equivalent).
BREAKING: Fire Accident in Nigeria’s Capital
December 13, 2017//-Few hours to a fuel tanker accident in FESTAC area of Lagos, another tanker carrying petrol was engulfed by fire at a Conoil filling station, along the airport road in Abuja, Nigeria’s capital city on Wednesday evening.
20 Vehicles Burnt As Fuel Tankers Fall In Lagos
Lagos, Nigeria, December 13, 2017//-Following the fall of a tanker laden with petrol fell in Festac Link Bridge in Awuwo Odofin LGA of Lagos State, 20 vehicles and four commercial motorcycles were burnt.
Penplusbytes Holds 2nd Power Reporting Series on Tax Treatment in Ghana’s Oil and Gas Sector
Accra, December 13, 2017//-Studies have shown that, there are currently about 11 different taxes on petroleum products. On average, a litre of petrol is sold at GH¢4.49, half of which is actually taxes that goes to government.
Multipurpose Shell Service Station Opens at Haatso
Accra, December 11, 2017//- Vivo Energy Ghana, a member of the Ghana Club 100, has commissioned its multipurpose Shell service station in Haatso, a suburb of Accra.