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Oil & Gas
Oil prices rise on tight US supply
Oil prices rose on Friday, reversing part of Thursday's losses on expectations that tightness in global oil markets will likely continue.
Benchmark Brent crude futures rose 42 cents, or half a percent, to 85.03 dollar a barrel, while US…
GNPC urged to increase its equity participation in oil and gas industry
Dr Steve Manteaw, Co-Chair of Ghana Extractive Industry Transparency Initiative (GHEITI), has underscored the need for the Ghana National Petroleum Commission (GNPC) to increase its equity participation in the oil and gas industry.…
Fuel increments introduce significant cost burden on the average Ghanaian – ACEP
The Africa Centre for Energy Policy (ACEP) Wednesday said the prices of a litre of petroleum products have increased by about 33 per cent this year.
The Centre said these increments introduced significant cost burden on the productive…
Ghana receives more than $970m in petroleum revenues in 2018 – Report
Ghana received an increased amount of revenues from petroleum to the tune of $977.11 million in 2018 as compared to $540.41 million in 2017.
According to a report by the Ghana Extractive Industries Transparency Initiative (GHEITI), the…
President Akufo-Addo zeros price stabilisation and recovery levies on fuel
President Nana Addo Dankwa Akufo-Addo has granted approval to zero the Price Stabilisation and Recovery Levies on petrol, diesel and Liquefied Petroleum Gas (LPG) for two months.
The approval follows advice from the National Petroleum…
No disbursement to District Assembly Common Fund – PIAC
The Public interest and Accountability Committee (PIAC) says the District Assembly Common Fund (DACF) has not received any disbursement in the first half of 2021.
The Committee said an amount of GH¢129.26 million, representing five per…
TOR interdicts staff over product losses
The Interim Management Committee (IMC) of the Tema Oil Refinery (TOR) has interdicted some staff, pending further investigations over some unacceptable product losses.
According to the IMC, “a number of staff members who hold various…
Tullow Oil to support economic development through sustainable oil and gas development
The Chief executive Officer of Tullow Oil Plc, Rahul Dhir, has said that Tullow’s renewed Corporate Strategy and purpose is to build a better future through responsible oil and gas development that creates value for host nations, investors,…
PIAC members re-elect Prof Adom-Frimpong as Chairman
Membership of 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 been reconstituted following the expiration of…
Atuabo Gas Plant to shut down for maintenance work
The Ghana National Gas Company has scheduled a planned maintenance shutdown of the Atuabo Gas Processing Plant, starting Monday, October 4.
A statement from the Corporate Communications of GNGC, and copied to the Ghana News Agency, said…