Oil & Gas

Mr Abdalla Ali-Nakyea, a Tax Consultant and Attorney has called on state institutions tasked with fiscal planning and management to look at domestic sources of revenue to boost and grow the economy as against the over-reliance on oil proceeds. “We have left domestic sources of revenue mobilization and hinged our …

Ghana has initiated measures to understudy Aberdeen Skills and Enterprise Training Limited (ASET), which is an International Oil and Gas Training Academy towards the setting up of the National Petroleum Training Institute. Mr Egbert Faibille, Chief Executive Officer of Petroleum Commission, Ghana, disclosed the setting up of the Petroleum Training …

The Cameroonian subsidiary of the British company, Victoria Oil and Gas (VOG), already threatened with suspension of its activities in Cameroon, has faced new challenges, including the cancellation of a major contract, delays in approving new concessions and lawsuits from former employees alleging fraudulent payments, sexual harassment and forgery of …

The Petroleum Commission, Ghana as part of its broader mandate as the Upstream Petroleum Regulator, on Wednesday engaged Aberdeen Drilling International on technological transfer and global issues relating to the sector. Mr Egbert Faibille, Chief Executive Officer of the Petroleum Commission explained operations in Ghana’s upstream sector, the role of …

The Civil Society Platform on Oil and Gas (CSPOG), has upped its tracking of the petroleum revenue for evidence-based abuses. Dr. Steve Manteaw, its Chairman, said they were going to focus on six selected districts in the Western Region – Ahanta West, Nzema East, Ellembelle, Shama, Jomoro and Sekondi-Takoradi. The …

Mr Boakye Agyarko, the Energy Minister, has said over $50 billion investment funds would be needed to build a relevant petroleum infrastructure such as an oil refinery, tank farms, pipelines, marine facilities and other allied facilities to make Ghana a petroleum hub. He said the estimated amount was reached after …

The Chief Executive Officer of the National Petroleum Authority, Mr Alhassan Tampuli, said the country loses over 200 million dollars annually in tax revenues due to the nefarious activities of service providers of the petroleum sector in order to evade tax. He said the Authority had rolled out stringent measures …

Four major multinational Oil Marketing Companies Engen Ghana Limited, Total Petroleum Ghana Limited, Vivo Energy Ghana Limited; and Puma Energy Distribution have jointly expressed reservations about the draft local content policy for the downstream sector. The multinationals in a petition to the Energy Minister, Mr Boakye Keremanteng Agyarko explained that …

Vice President Dr Mahamudu Bawumia has underlined the Government’s vision of developing key petroleum infrastructure to make Ghana the hub of refined petroleum products within the West African sub-region and the continent as a whole. He said the Petroleum Hub project would accelerate the growth of the country’s petroleum downstream …

The Institute of Risk Management Professionals Ghana (IRMPG) has held a day’s forum to discuss risk management in the oil, gas and energy sector and prescribe potential management plans. The meeting, which gathered experts in the industry also showcased modern technology tools and management practices that, could be used to …