Oil & Gas

Dr Steve Manteaw, Co-Chair of Ghana Extractive Industry Transparency Initiative (GHEITI), has underscored the need for the Ghana National Petroleum Commission (GNPC) to increase its equity participation in the oil and gas industry. This, he said, was vital to ensure that the country derived maximum benefits from the extraction of …

The Africa Centre for Energy Policy (ACEP) Wednesday said the prices of a litre of petroleum products have increased by about 33 per cent this year. The Centre said these increments introduced significant cost burden on the productive sector and the average Ghanaian. Mr Benjamin Boakye, the Executive Director of …

Ghana received an increased amount of revenues from petroleum to the tune of $977.11 million in 2018 as compared to $540.41 million in 2017. According to a report by the Ghana Extractive Industries Transparency Initiative (GHEITI), the significant increase was mainly due to an increase in price from an annual …

President Nana Addo Dankwa Akufo-Addo has granted approval to zero the Price Stabilisation and Recovery Levies on petrol, diesel and Liquefied Petroleum Gas (LPG) for two months. The approval follows advice from the National Petroleum Authority (NPA) to mitigate the impact of rising prices of petroleum products on the world …

The Public interest and Accountability Committee (PIAC) says the District Assembly Common Fund (DACF) has not received any disbursement in the first half of 2021. The Committee said an amount of GH¢129.26 million, representing five per cent of the budgeted Annual Budget Fund Amount (ABFA) allocated to the DACF, was …

The Interim Management Committee (IMC) of the Tema Oil Refinery (TOR) has interdicted some staff, pending further investigations over some unacceptable product losses. According to the IMC, “a number of staff members who hold various positions of responsibility with respect to the transfer of products have been queried and interdicted, …

The Chief executive Officer of Tullow Oil Plc, Rahul Dhir, has said that Tullow’s renewed Corporate Strategy and purpose is to build a better future through responsible oil and gas development that creates value for host nations, investors, staff and communities. Mr. Rahul Dhir disclosed this when he led the …

Membership of the Public Interest and Accountability Committee (PIAC); the statutory body with oversight responsibility of the management and use of the country’s petroleum revenues, has been reconstituted following the expiration of the tenure of some Members. A statement from PIAC said the new members were sworn-in together with those …

The Ghana National Gas Company has scheduled a planned maintenance shutdown of the Atuabo Gas Processing Plant, starting Monday, October 4. A statement from the Corporate Communications of GNGC, and copied to the Ghana News Agency, said the scheduled temporary shutdown, which will last between October 4 to October 18, …

The National Premix Fuel Committee and the Ministry of Fisheries and Aquaculture has been urged to set aside some percentage of the monies use to subsidize premix fuel for an insurance scheme for fisher-folks. Mr Richster Nii Amarh Amarfio, Secretary of the Ghana Tuna Association (GTA) making the call, said …