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Oil & Gas

Stick to road map in reducing sulfur content in fuel – Council

Mr. Saeed Kutia Ubeidalah, Vice Chairperson of the Tema District Council of Labour, has asked government to stick to the agreed road map for the implementation of a standard sulfur content of fuel put forward by National Petroleum Authority (NPA). He made this call on Thursday during the Tema District Council of …

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GNPC must be free from political interference – Manteaw 

A member of the Public Interest and Accountability Committee (PIAC) has stressed the need for the country to insulate the Ghana National Petroleum Company from partisan politics to enable the company function more effectively and efficiently. Dr. Steve Manteaw noted that recent happenings at the GNPC where seasoned brains such …

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We’ll make Ghana petroleum hub in sub-Region – President

President Nana Addo Dankwa Akufo-Addo, on Thursday, stated that his Government would strive to ensure that Ghana becomes the petroleum hub in the sub-region. The Government would, therefore, pursue its vision to establish a thriving petrochemical industry to guarantee sufficient, reliable and affordable clean energy for power generation and supply …

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Ghana government concentrating efforts on onshore oil discovery

President Nana Addo Dankwa Akufo-Addo, on Thursday, pledged his government’s commitment to the exploration and discovery of oil in commercial quantities onshore, specifically in the Voltaian Basin. In that direction, he commended the bold step taken by the Ghana National Petroleum Corporation (GNPC) to find oil and gas in the …

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Ghana begins oil production at Sankofa Gye-Nyame Fields

President Nana Addo Dankwa Akufo-Addo has commissioned the Floating Production Storage and Offloading Vessel (FPSO) John Agyekum Kufuor to formally kick-start the production of oil in commercial quantities from the Sankofa Gye-Nyame Fields. The symbolic ceremony was done offshore by the President turning the production valve of the FPSO and …

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Coalition calls on President Akufo-Addo to interdict BOST MD

The Coalition for Social Justice (CJS) has called on President Nana Addo Dankwa Akufo-Addo to interdict Mr Alfred Obeng, the Managing Director (MD) of Bulk Oil Storage and Transport (BOST) over the contaminated fuel sale scandal. According to the group, the interdiction would enable the ministerial committee set up to …

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No wrongdoing at BOST – Energy Minister

There is no wrongdoing at the Bulk Oil Storage and Transportation Company Limited (BOST) on the sale of the five million litres of contaminated products, Mr Boakye Agyarko, Minister of Energy has announced. He said investigations carried out by the state security agencies and the National Petroleum Authority (NPA), showed …

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Majority calls for forensic audit of BOST

Majority Caucus in Parliament has called for full scale investigation and forensic audit into the activities of the Bulk Oil Storage Transportation (BOST) from 2009. It said the press conference by the Minority was to throw dust into the eyes of the public and to cover-up the massive rot at …

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Energy Ministry to set-up committee to probe BOST

The Ministry of Energy is in the process of setting up an eight-member investigative committee to look into the issue of the release of five million litres of off-sec fuel from the Accra Plains Depot of the Bulk Oil Storage and Transport Company (BOST). MR Boakye Agyarko, the Minister of …

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Ghana outperforms countries in sub-Sahara Africa in resource governance index, but many issues remain

Despite many issues plaguing Ghana’s natural resource governance regimes, revenue management and budgeting, the country has been ranked high above resource rich countries in sub-Sahara Africa, in the Revenue Governance Index, released today June 28, 2017, by the Natural Resource Governance Institute (NRGI). The 2017 Revenue Governance Index found that Ghana performs …

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