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Oil & Gas

PIAC urges GNPC to take a second look at pricing policy

Mr Dennis Gyeyir, the Technical Officer of the Public Interest Accountability Committee (PIAC) has said the committee has found out that the price of the Tweneboa, Enyenra, Ntomme (TEN) crude for Ghana Group was lower than the estimated benchmark price. He said the Ghana National Petroleum Corporation (GNPC) needed to …

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PIAC says it will engage Special Prosecutor over expenditure of oil money

The Public Interest and Accountability Committee (PIAC) would soon hold a meeting with Mr Martin Amidu, the Special Prosecutor (SP) over the disbursement of revenue accruing from oil resources, Dr. Steve Manteaw, Chairman of the Committee, has disclosed. He said the meeting would focus on the need for a collaboration …

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ISODEC to validate 2010 assessment on impact of oil extraction

Dr Steve Manteaw, Campaigns Coordinator for the Integrated Social Development Centre (ISODEC), has expressed worry about the inability of stakeholders to validate the findings of the 2010 Socio-economic baseline assessment on the impact of the oil extraction in the Western Region. The baseline data, was key to determine the extent …

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Eni starts gas production from Sankofa field 

Eni has started gas production during the past weekend from the Sankofa field in the Offshore Cape Three Points (OCTP) Integrated Oil and Gas Project, in Ghana, on schedule. A statement from the company said the field would provide 180 million standard cubic feet per day (mmscf/d) for at least …

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Total commissions first solar-powered service station

Total Ghana Limited on Friday, commissioned its first solar-powered service station in the country with a 35 kilowatt capacity, at the Tema main harbour. The solar-powered station has a total of 225m2 solar panels comprising of 165m2 on the station’s shop and restaurant building, and 60 m2 on the pump …

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Government urged not to depend on oil revenue alone

Mr Abdalla Ali-Nakyea, a Tax Consultant and Attorney has called on state institutions tasked with fiscal planning and management to look at domestic sources of revenue to boost and grow the economy as against the over-reliance on oil proceeds. “We have left domestic sources of revenue mobilization and hinged our …

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Ghana to set-up National Petroleum Training Institute

Ghana has initiated measures to understudy Aberdeen Skills and Enterprise Training Limited (ASET), which is an International Oil and Gas Training Academy towards the setting up of the National Petroleum Training Institute. Mr Egbert Faibille, Chief Executive Officer of Petroleum Commission, Ghana, disclosed the setting up of the Petroleum Training …

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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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