Oil & Gas

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 elected Professor Kwame Adom-Frimpong as its new chairman. Professor Adom-Frimpong, who represents the Institute of Chartered Accountants, Ghana (ICAG) on the Committee, was elected in a …

The Accra Circuit Court-9 on Monday adjourned to February 2 the case involving a medical doctor and two others alleged to have stolen GH¢18 million. This is to allow the substantive judge to take over the case. The Court, presided over by Mr Samuel Bright Acquah, had earlier granted an …

The Ghana National Petroleum Corporation (GNPC) has earmarked an amount of $2.5 million for the construction of offices and classroom complex for the University of Energy and Natural Resources (UENR) in Sunyani. Dr Kofi Koduah Sarpong, the Chief Executive Officer of GNPC announced this at an investiture ceremony of Professor …

Workers of the Tema Oil Refinery (TOR) on Wednesday afternoon locked up the main entrance of the Refinery to back their demands of some allowances. Information gathered by the Ghana News Agency indicated that the workers locked the entrance after lunch for about one and half hours to prevent access.. …

Oil giant ExxonMobil on Monday said it would begin major write-offs and cut thousands of jobs as part of a savings programme, to help weather the ongoing effects of the coronavirus pandemic. By the end of 2021, the global workforce will be reduced by 15 per cent, the company announced …

Although the global energy sector has been adversely affected by the COVID-19 pandemic this year – with oil hardest hit because of its dependence on the struggling transport industry – gas has been less exposed to the shocks of 2020, according to the Africa Energy Outlook 2021. Launched virtually recently …

The Tema District Council of Labour (TDCL) has formed a five-member committee to draw a roadmap for engaging government and stakeholders to revamp of Tema Oil Refinery (TOR). The committee was formed at a general meeting of the Council after discussions were held on the happenings at TOR and its …

Government is supporting investment in the gas infrastructure to ensure significant shift from oil-based power generation to gas-based power generation. In the long term, however, the plan is to invest in the nuclear power, which can be a cheaper and cleaner energy source to support the country’s commitment to combat …

Cenpower Generation Company Limited (Cenpower) has committed to switching its primary fuel from light crude oil (LCO) to natural gas and signed a gas supply agreement (GSA) with the Ghana National Petroleum Corporation (GNPC). Gas operations are expected to begin by the end of this week. A statement issued by …

Ghana Limited (TGL), operator of the Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields, has announced a significant milestone of 300 million barrels of oil production from the Jubilee field. A statement issued by Tullow Ghana Limited said its partners; GNPC, Kosmos, Anadarko and Petro SA, were proud to be …