December 16, 2017

Gov’t can’t wash hands off petroleum pricing – ISODEC | General News 2015-06-08

petrol-station

The Integrated Social Development Center (ISODEC), a civil society group has slammed government for its decision to leave petroleum pricing to only the Bulk Distribution Companies (BDC) and the Oil Marketing Companies (OMC). According to ISODEC, it will be disingenuous for the NPA and government for that matter to go ahead with this decision because “it appears the NPA is deluding itself by assuming that the so-called competition it expects to happen in the sector will be a matter of course. The fact is, the players who are expected to compete among themselves can also decide to collude and fix…

Petroleum Deregulation: Confusion to escalate over transport fares |

Ghana

Few days ago, the National Petroleum Authority (NPA) announced the start of the full deregulation of petroleum products from June 15, 2015, in what it believed is the right way to go. This simply means the NPA will not be involved in the pricing of petroleum products effective June 15, 2015. Importers, Bulk Oil Distribution Companies (BDCs), and Oil Marketing Companies (OMCs) will be allowed the free hand to price their own products, and so what we are likely to see from June 15 are different petroleum prices at different branded services stations across the country. So what happens to…

Nigeria energy firm rewarded at Ghana summit | News24 Nigeria

seven-energy

Seven Energy International Limited, the indigenous Nigerian oil and gas development, production and gas distribution company, has won an accolade at the 2015 Sub-Sahara Upstream Oil and Gas Summit and Exhibition in Ghana. The firm won the Investment in Gas Infrastructure in Sub-Sahara Africa Award held in the capital Accra. Phillip Ihenacho, Chief Executive Officer, Seven Energy, expressed delight at the company’s efforts are being acknowledged across Africa. “This award is recognition of the role that Seven Energy is playing in the development of Nigeria’s gas resource. Our commitment remains firm in driving and expanding industrialisation in Nigeria through efficient supply of gas to power stations and industrial…

10th Annual Global Local Content Summit

GLCS 10th

Ministries and NOCs from Uganda, Ghana, Nigeria, Mozambique, Tanzania, Brazil, Argentina, Mexico, Trinidad and Tobago, Oman, Saudi Arabia, Kuwait and Sri Lanka are due to present their local content case studies at the 10th Annual Global Local Content Summit this September at the Pestana Chelsea Bridge Hotel, London, United Kingdom. World’s leading conference dedicated to the Local Content community to include speakers from 17 global nations and chairman from PROMINP. The conference, hosted by Oil & Gas IQ – a division of global events company IQPC – will be a unique opportunity for local content leaders to discuss the development,…