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Oil & Gas

GNPC to commit $1m for petroleum research 

The University of Cape Coast (UCC) and the Ghana National Petroleum Corporation (GNPC) have signed a Memorandum of Understanding (MoU) to establish a research Chair in petroleum commerce. It is aimed at facilitating the sustainable development of the commerce of Ghana’s hydrocarbon deposits and provide a reference point for developing …

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GNPC will not engage in philanthropy anymore – CEO

The Ghana National Petroleum Corporation (GNPC) will no longer engage in philanthropy activities, Dr Kofi Konduah Sarpong, the Chief Executive Officer of GNPC has said The organization will rather  focus  on social impact activities to clearly articulate its vision of being a global oil and gas company whose operations had …

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Petroleum Commission gives IOCs April 1 ultimatum to submit oil contract 

The Petroleum Commission has given the International Oil and Gas Companies (IOCs) and other service companies, till April 1, to submit every oil contract to the Commission for proper review before they are sealed. Mr Egbert Faibille Jnr, Acting Chief Executive Officer of the Petroleum Commission (PC), said all IOCs …

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Stakeholders deliberate on impact of oil, gas and the environment   

Stakeholders at a day’s Summit on Oil, Gas and the environment have acknowledged the need for a policy on oil spillage in the country. A detailed scrutiny of the National Oil spillage contingency plan revealed a huge gap in terms of an actual spill prevention and response plan.  Mr Wim …

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GE says to build waste gas to power plant in Ghana

GE says it will build a power plant to augment the electricity needs of Ghanaians by proposing to construct the first-ever 25MW Waste Gas to Power Plant. According to a statement issued by the sub-Sahara Africa office of GE and copied to ghanabusinessnews.com the new plant will add equivalent power …

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Parliament amends Special Petroleum Tax

Parliament has passed the Special Petroleum Tax amendments bill 2018 to reduce the levy from 15 to 13 per cent. It is expected that fuel prices would decline by 70 pesewas following the revision of the tax. This means a consumer would be paying about GH¢4.50 pesewas for a litre …

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Western Naval Command arrest nine persons for illegal bunkering

The Western Naval Command has arrested nine persons for engaging in illegal bunkering, smuggling and other prohibited activities. They were arrested at New Takoradi, Inchaban and other locations within the jurisdiction of the Command and had been handed over to the Police for prosecution. The Navy seized items such as; …

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Eni to step up cooperation in renewable energy in Ghana

  The Managing Director of Eni Ghana, Giancarlo Ruiu has signed two separate MOUs with the CEO of the Bui Power Authority, Fred Oware, and the CEO of the Volta River Authority, Mr Emmanuel Antwi-Darkwa, on the joint development of power generation from renewable sources.      A statement from Eni …

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Ghana Gas local Engineers lauded for successful shutdown

Mr Ernest Kofi Owusu-Bempah,  Communication Director of Ghana National Gas  Company (Ghana Gas ) has lauded the efforts of the local engineers of the company for  a successful shut down of the  Atuabo Gas processing  Plant. He said the 21-day shutdown which began on February 1, was already in progress  …

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Onshore oil exploration in the Voltaian basin yielding dividends – President

President Nana Addo Dankwa Akufo-Addo on Thursday announced that a pilot survey in the Voltaian basin for possible onshore oil discovery, has established the “presence of a working petroleum system”.       “I hope that, eventually, there will be something big for us to cheer about”, he expressed in optimism in …

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