Oil & Gas

Participants at a two-day National Stakeholders’ engagement on the allocation and utilisation of petroleum resources have proposed the setting up of community monitoring groups on oil funded projects as the state strive to ensure value for money. The consultant on such projects according to the participants , must also be …

Trade Unions and Civil Society Organisations (CSOs) have urged government to re-negotiate the draft ExxonMobil deal to ensure that the country generated more revenue. They said a careful look at the current draft contract could help increase the estimated proceeds to support government’s effort towards revenue mobilisation. The participants noted …

The Ghana National Petroleum Corporation (GNPC) has lifted four parcels of crude oil on behalf of the State in the first five months of 2018, compared with three liftings in 2017.  This involved 3.96 million barrels of crude oil, compared with 2.89 million barrels in the same period in 2017.  …

In 2015 the Ghana government, the Ghana National Petroleum Corporation, the state-owned oil company signed a petroleum agreement with an oil company known as Swiss African Oil Company and its local subsidiary, Pet Volta Investments Ltd., but the contract in its current form is bad for business for local people …

Dr Steve Manteaw, the Chairman of Pubic Interest and Accountability Committee (PIAC), on Thursday disclosed that Ghana has benefited a total sum of $4.009 billion from petroleum revenue in the seven years of petroleum production. He said out of the total sum of $4.009 billion in 2011 to 2016, the …

Mr Dennis Gyeyir, the Technical Officer of the Public Interest Accountability Committee (PIAC) has said the committee has found out that the price of the Tweneboa, Enyenra, Ntomme (TEN) crude for Ghana Group was lower than the estimated benchmark price. He said the Ghana National Petroleum Corporation (GNPC) needed to …

The Public Interest and Accountability Committee (PIAC) would soon hold a meeting with Mr Martin Amidu, the Special Prosecutor (SP) over the disbursement of revenue accruing from oil resources, Dr. Steve Manteaw, Chairman of the Committee, has disclosed. He said the meeting would focus on the need for a collaboration …

Dr Steve Manteaw, Campaigns Coordinator for the Integrated Social Development Centre (ISODEC), has expressed worry about the inability of stakeholders to validate the findings of the 2010 Socio-economic baseline assessment on the impact of the oil extraction in the Western Region. The baseline data, was key to determine the extent …

Ghana and the United States (US) on Wednesday struck a deal to deepen economic cooperation for the mutual benefit of the two countries. It commits both sides to jointly explore business and investment opportunities for the growth of their respective economies. Finance Minister, Ken Ofori-Atta and the visiting Secretary of Commerce of …

Eni has started gas production during the past weekend from the Sankofa field in the Offshore Cape Three Points (OCTP) Integrated Oil and Gas Project, in Ghana, on schedule. A statement from the company said the field would provide 180 million standard cubic feet per day (mmscf/d) for at least …