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Ghanaian company begins drilling in WCTP block 2

Springfield Exploration and Production Limited (SEP), an Independent Ghanaian energy company drilling in Deepwater offshore Ghana, on Monday October 7th spudded its Afina-1x well in the West Cape Three Points Block 2. This is the first time an independent energy company in Africa is accomplishing such a feat and places …

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OMC group says oil companies pay about GH¢6b in taxes annually

The Association of Oil Marketing Companies (AOMCs) says oil companies pay about GH¢6 billion annually to government as tax. He said in 2019, they paid GH¢500 million as monthly tax to government, raking in a total of GH¢3 billion in the first two quarters of the year. Mr Agyeman-Dua, who …

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Weak local content policies cause of low participation in petroleum sector

Dr. Steve Manteaw, chairman of  the Public Interest and Accountability Committee (PIAC) has reiterated that the weaknesses in local content policies in the natural resource sector is cause for low participation of Ghanaians in the oil and gas industry. He said policies governing the sector since its implementation six years …

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Ghana asked to put measures in place to sustain oil production

Ghana has been urged to put measures in place to sustain oil production, as the current state of affairs, if left unchanged, would limit production just for the next nine years. Professor Omowumi Iledare, the Ghana National Petroleum Commission (GNPC) Professional Chair of Petroleum Economics at the Institute for Oil …

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Tullow focuses more on Africa as part of new vision

Tullow is focusing more on Africa in its broader and new vision of ensuring sustainability and progress in its operations. Mrs Cynthia Lumor, the Director of External Affairs at Tullow Ghana, said the company recognised the important role stakeholder engagements played in doing good business in Africa and Ghana in …

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Ghana government urged to improve local content to expand oil industrial sector  

Government have been urged to strengthen its local content policies to facilitate the expansion of the oil and gas and industrial sectors for sustainable national economy. Professor Omowumi Iledare, the Ghana National Petroleum Commission (GNPC) Professional Chair of Petroleum Economics at the Institute for Oil and Gas Studies at the …

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Ghana to host third Annual Africa Oil & Gas Conference

National, regional and international oil and gas industry Local Content Experts will gather in Accra, Ghana, for the third edition of the annual Africa Oil and Gas Local Content Sustainability Conference and Exhibition (ALC2019). The two-day event, which is on the theme, “Shaping the Future through Sustainable Local Content Policies”, …

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PIAC to refer nonexistent oil revenue funded projects to EOCO

Dr Steve Manteaw, Chairman, Public Interest and Accountability Committee (PIAC), says his outfit will soon refer cases of nonexistent projects funded  with oil revenue to the Economic and Organised Crime Office (EOCO) for investigation. He says PIAC in the coming weeks will submit to EOCO – under a Memorandum of …

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Shell in Nigeria loses 11,000 barrels of oil daily to theft in 2018 

The Shell Petroleum Development Company (SPDC) in Nigeria on Monday confirmed a daily loss of about 11,000 barrels of oil from its pipelines to crude oil theft in the Niger Delta region in 2018, more than the approximate 9,000 barrels per day in 2017. Igo Weli, a spokesman for the …

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