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Oil & Gas

Hundreds of millions evaporate: The hazy pattern of corruption in Gaz du Cameroun

The Cameroonian subsidiary of the British company, Victoria Oil and Gas (VOG), already threatened with suspension of its activities in Cameroon, has faced new challenges, including the cancellation of a major contract, delays in approving new concessions and lawsuits from former employees alleging fraudulent payments, sexual harassment and forgery of …

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Petroleum Commission meets Aberdeen Drilling International

The Petroleum Commission, Ghana as part of its broader mandate as the Upstream Petroleum Regulator, on Wednesday engaged Aberdeen Drilling International on technological transfer and global issues relating to the sector. Mr Egbert Faibille, Chief Executive Officer of the Petroleum Commission explained operations in Ghana’s upstream sector, the role of …

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Petroleum revenue will continue to be tracked – Dr. Manteaw

The Civil Society Platform on Oil and Gas (CSPOG), has upped its tracking of the petroleum revenue for evidence-based abuses. Dr. Steve Manteaw, its Chairman, said they were going to focus on six selected districts in the Western Region – Ahanta West, Nzema East, Ellembelle, Shama, Jomoro and Sekondi-Takoradi. The …

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Over $50b needed for petroleum hub agenda – Agyarko

Mr Boakye Agyarko, the Energy Minister, has said over $50 billion investment funds would be needed to build a relevant petroleum infrastructure such as an oil refinery, tank farms, pipelines, marine facilities and other allied facilities to make Ghana a petroleum hub. He said the estimated amount was reached after …

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Ghana loses $200m over tax evasion in petroleum downstream – NPA

The Chief Executive Officer of the National Petroleum Authority, Mr Alhassan Tampuli, said the country loses over 200 million dollars annually in tax revenues due to the nefarious activities of service providers of the petroleum sector in order to evade tax. He said the Authority had rolled out stringent measures …

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Major players in downstream sector petition Energy Minister 

Four major multinational Oil Marketing Companies Engen Ghana Limited, Total Petroleum Ghana Limited, Vivo Energy Ghana Limited; and Puma Energy Distribution have jointly expressed reservations about the draft local content policy for the downstream sector. The multinationals in a petition to the Energy Minister, Mr Boakye Keremanteng Agyarko explained that …

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Government will develop petroleum infrastructure into a hub – Bawumia

Vice President Dr Mahamudu Bawumia has underlined the Government’s vision of developing key petroleum infrastructure to make Ghana the hub of refined petroleum products within the West African sub-region and the continent as a whole. He said the Petroleum Hub project would accelerate the growth of the country’s petroleum downstream …

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Stakeholders discuss risk management in the oil and gas sector

The Institute of Risk Management Professionals Ghana (IRMPG) has held a day’s forum to discuss risk management in the oil, gas and energy sector and prescribe potential management plans. The meeting, which gathered experts in the industry also showcased modern technology tools and management practices that, could be used to …

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40 Ghanaian companies to go on oil and gas trade mission

The Petroleum Commission is leading a delegation of over 40 Ghanaian companies on a week’s oil and gas trade mission to Aberdeen, Scotland. The goal is to engage with their Scottish counterparts seeking business opportunities in Ghana’s upstream petroleum industry. A press release issued by the Commission said the maiden …

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Due diligence is done before allocating oil blocks – Commission 

Mr. Martin Kodom, an Assistant Geophysicist, Ghana Petroleum Commission, says due diligence is done before allocating oil blocks to companies for exploration or drilling.    “Allocation of oil blocks is a critical issue in view of its impact on the country and the people, both short and long term, therefore …

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