The Commercial Court in Accra Wednesday dismissed an injunction application that sought to restrain the Ghana National Petroleum Corporation (GNPC) from accessing a $700 million loan facility.
Category: Energy
Moody’s: Global oil And gas Players Enter A Challenging 2015
The global oil and gas industry is entering a challenging 2015 based on stubbornly low oil prices, Moody’s Investors Service says in a new report.
Tema Oil Refinery Bounces Back With A Bang
Despite numerous attempts being made by cabals in the petroleum downstream industry to frustrate the Tema Oil Refinery (TOR) from operating, the state owned refinery has managed to strike a deal with Sahara Energy Resources to supply it with crude oil for processing.
Brent Crude Falls Below $54 A Barrel For First Time In 5 Years
Oil prices fell through the $54 a barrel mark this afternoon, hitting a five-and-a-half year low, as the worldwide slump showed no signs of abating.
Blows Over Crude Oil Debt
There is a fierce battle between the National Petroleum Authority (NPA) and the Bulk Oil Distribution Companies (BDCs) over the country’s crude oil import bills.
Ghana Cuts Fuel Prices By 10%
Ghana has reduced petroleum prices in the country by 10% effective 1st January 2015. The Public Relations Officer of the Ghana’s National Petroleum Authority (NPA), Yaro Kasambata has announced.
NPA Paying Huge Debt To Crude Oil Importers
The Public Relations Officer of the National Petroleum Authority (NPA), Yaro Kasambata says the authority has cleared about half of the GH¢412 million indebtedness to importers of petroleum products in the country.
Ghana Readies To Take Decision On Falling Crude Prices
Ghana’s National Petroleum Authority (NPA) is lacing its boots to take a decision on the prices of fuel products in the country after several months of fall in international cruel prices.
Report Reveals Discrepancies In Oil Resource Distributions In Ghana
A study by the Public Interest and Accountability Committee (PIAC) has shown that revenue accrued from Ghana’s Jubilee fields was not evenly distributed among the regions in the country.
Utilities Regulator Roles Out Hike In Water, Electricity Tariffs
The Public Utilities Regulatory Commission (PURC) has assured Ghanaians that there will not be increment in the existing tariffs for electricity and water for the first quarter of 2015.