TOR acquires 120-tonne boiler to be power sufficient
The Tema Oil Refinery (TOR) has acquired a 120-tonne-per-hour boiler to assist in the production of steam for onward conversion into electricity for the operations of the refinery. That will help the company to wean itself off the national grid and make it self-sufficient in energy supply. Currently, TOR consumes 7.5MW of power at peak […]
U.S. Hopes Saudi Arabia, Russia Can Offset Loss Of Iran Oil Supply
U.S. Energy Secretary Rick Perry believes that Saudi Arabia and Russia will be able to boost their oil production to stabilize the oil market and compensate for losses of Iranian oil supply. “I am comfortable that Saudi Arabia is going to be able to increase their production to… 11 million barrels per day going forward, […]
Gov’t initiate moves to deepen transparency in the petroleum industry-Amin
Government is taking a further step to deepen transparency and provision of information about the country’s petroleum industry to Ghanaians, Deputy Minister for Energy in charge petroleum Dr. Mohammed Amin Adam has revealed. According to him, the government will in the coming days lay the General Petroleum Regulations in Parliament for it to passed in […]
Tema Oil Refinery to shut down
The Tema Oil Refinery (TOR) is expected to shut down due to lack of crude oil which serves as raw material for the refinery. Highly-placed sources at TOR told Class News on Wednesday, 20 June 2018 that the situation is as a result of TOR’s inability to raise letters of credit to import crude oil […]
Gas operators suspend strike
The Ministry of Energy and members of Ghana LPG Operators Association (GLIPGOA) on Tuesday agreed in a crunch meeting to suspend the strike, while discussions about their concerns are addressed. A source at the meeting said the parties agreed to some key demands, including that of “Companies that have completed the construction of authorized facilities […]
Exactly what the Energy Minister said at OTC that angered TOR workers
The Offshore Technology Conference(OTC), one of the biggest oil and gas events in Houston, Texas, USA, started on April 30 and ended on May 3, 2018. OTC, which is one of the biggest global oil and gas programmes, attracted several industry players and exhibitors from across the world. In 2017, for instance, it attracted over […]
Ex-pump prices ‘not abnormal’– Hosi downplays COPEC, ICU protest
The CEO of Ghana Chamber of Bulk Oil Distributors says prices of petroleum products have not gone up inconsistently with global figures to warrant concern or criticisms against the government. Reiterating the position of the National Petroleum Authority (NPA), Senyo Hosi said the current ex-pump price of petroleum products appropriately fits into the dictates of […]
NPA debunks RFO shortage rumors
The Chief Executive Officer(CEO) of the National Petroleum Authority(NPA), Hassan Tampuli has debunked rumors of a shortage of Residual Fuel Oil (RFO) in the country. This follows some rumors of an alleged shortage of the product which is used by factories in the country to generate steam in their broilers. Some factories in Tema recently […]
William of Eco Petroleum to sit on Investigative committee on BOST fuel saga
The newly inaugurated committee set up to investigate the off-spec products at the Bulk Oil Storage and Transportation Company (BOST) was inaugurated on Thursday, August 10,2017. The nine-member committee is confident that its work will lead to a turnaround in the operations at the petroleum products distributing company. The Chief Executive Officer of The Ghana […]
African entrepreneurs need to start thinking globally – Senyo Hosi
The Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi has advised African entrepreneurs to think globally and focus on making their products and services suitable for the global market. According to him, local businesses must study and realize the potentials in other markets and take advantage of them, and not […]
