Oil & Gas

The Government has completed the payment of all legacy debts owed the Bulk Oil Distribution Companies (BDCs) and Banks towards reducing the Non-Performing Loans (NPLs) in the banking sector and strengthening the operations of the BDCs. It comprises a total of GH¢515,407,047 for Real Value Factor (RVF) and $99,667,917 for …

Mr Prince Bagnaba Mba, President of Forum for Equity, a, human rights organisation has called on government to intensify oil exploration in northern Ghana. He said:” the Ghana National Petroleum Corporation, the Petroleum Commission, National Petroleum Authority should as a matter of economic priority intensify research and exploration activities in …

Mr Kweku Awotwi, the Executive Vice President of Tullow Ghana, an oil production company, has described the representation and participation of Ghanaian women in the energy sector as “depressively low.” He quoted a 2018 Study on Gender Representation in the Petroleum Sector by energy policy NGO, Ghana Oil and Gas …

The West African Gas Pipeline Company (WAPCo) will on Monday, January 20 commence a clean-up and inspection of its pipeline from Nigeria to Ghana, and expected to be completed on March 21, 2020. The maintenance exercise, technically referred to as “Pigging” is to maintain the integrity and safe operations of …

It may be a bit bizarre for an adult to panic and run for cover at the sound of a helicopter but 40-year-old Godfred Amankwa, a welder at the Takoradi Light Industrial Area does. “I hate helicopters. I hate aeroplanes. It’s a nightmare for me to hear their sound. I …

The National Petroleum Authority (NPA) says it will deploy an Automatic Tank Gauging and Stock Management and Monitoring Systems at all petroleum retail outlets across the country, this year. The system will give the NPA and the Ghana Revenue Authority (GRA) a real-time view of petroleum products at all retail …

Mr. Ken Kinney, Executive Director, the Development Institute (DI) a Non-Governmental Organization has said the proposed Keta basin oil exploration will affect six districts and over 31 per cent of the population of the Volta Region. He said the 31 per cent population would not have any direct benefit from …

Mr Isaac Osei, Managing Director of the Tema Oil Refinery has announced his resignation from the country’s only Refinery effective January 1, 2020. Mr Osei announcing this at the company’s Carol’s service indicated that he presented his resignation letter to the Chairman of the Board of TOR. He indicated that …

A research by the Africa Centre for Energy Policy (ACEP) on projects funded from the Annual Budget Funding Allocations (ABFA) of the Oil Revenue has revealed that cost overruns amongst others exist in the sector. Mr Charles Ofori, a Policy Analyst with ACEP, said accountability remains a major challenge in …

Springfield Exploration and Production (SEP) Limited and its Partners, Ghana National Petroleum Corporation (GNPC) and GNPC EXPLORCO, have announced significant oil discovery following its maiden Afina-1 well drilling campaign in the West Cape Three Points (WCTP) Block 2, offshore Ghana. Springfield has more than doubled its discovered oil in place …