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Oil & Gas

Governmnet urged to publish receipts of oil revenue

Participants in the 63rd Annual New Year School and Conference (ANYSC) have called for transparency in the oil and gas sector by the publication of receipts and records of revenues, as well as a tracking system for the use of these revenues. They were of the view that the revenues …

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Ghana government spends GH¢760m on petroleum subsidies annually

Vice President John Dramani Mahama has convened stakeholders meeting in Accra on Friday, with a call on Ghanaians to offer constructive criticisms and advice that could help government live up to her responsibilities. Vice president Mahama said:“The economy belongs to all Ghanaians and not only Government, and there is the …

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Ghana’s oil find to affect women negatively – Research

Recent research findings show that Ghana’s oil sector has socio-economic implications on gender, and impacts negatively particularly on women living in the Western Region. Dr Akosua Darkwa, Senior Lecturer at the Department of Sociology, University of Ghana, Legon, who made the observation on Wednesday stated that the findings revealed that …

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Hess plans $800m for Ghana, other countries

US-based oil firm Hess Corporation has today January 12, 2012 announced a 2012 capital and exploratory budget of $6.8 billion for its global operations and $800 million of that amount will be invested in its Ghana operations and some other countries. The oil explorer budgeted $5.6 billion for its global …

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Ghana challenged to take full control of natural resources

Mr Edwin Van-Otoo, Vice-President of Ghana Oil and Gas Service Providers Association, on Wednesday called for visionary leadership in harnessing the country’s natural resources for socio-economic development. He said it was time Ghana took over the control of her natural resources and safeguard the current hike in their exploitation by …

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GNPC to establish fabrication yard for oil companies

Mr Edward Appiah-Brafoh, Principal Human Resource and Administrative Officer of Ghana National Petroleum Corporation (GNPC), on Wednesday said the Corporation would establish a fabrication yard in partnership with the private sector in 2013. He said this would not only provide job opportunities for the youth, but serve as an avenue …

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Court to rule on National Petroleum Authority’s Stay of Execution January 24

The Accra High Court has fixed January 24, 2012 to rule on an application for stay of execution pending appeal of its decision that the ex-refinery differential component imposed by the National Petroleum Authority (NPA) was a tax and, therefore, illegal for want of parliamentary authorisation. The court, in its …

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Ghana’s oil sector needs more transparency – Speakers at New Year School

Speakers at a symposium on ensuring transparency in oil and gas revenue management have stated that though Ghana has made some strides in ensuring transparency in the sector, there are still challenges to be addressed. The speakers were the Chairman of the Parliamentary Select Committee on Mines and Energy, Mr …

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