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Oil & Gas
Gas production saw significant rise in 2020 – PIAC
Gas production in Ghana experienced a significant rise in the year 2020 with a total production of 237,962.82 Million Standard Cubic Feet (MMSCF) of Associated Gas (AG) and Non-Associated Gas (NAG) according to the 2020 Public Interest and…
Ghana to lose heavily over Eni and Springfield delays to unitise fields
Ghana is likely to lose billions of dollars, following delays of Eni Ghana Exploration and Production Limited (ENI) and Springfield E&P (Springfield) to unitize the Afina and Sankofa fields, a study conducted by the Institute for Energy…
COVID-19 affected upstream oil and gas sector in 2020 – PIAC
The Public Interest and Accountability Committee (PIAC) says the outbreak of the COVID-19 pandemic and its associated shocks on the economy and major industry actors proved challenging to upstream oil and gas operations in 2020 compared…
Ghana crude oil declined by 6.3% – PIAC
The production of crude oil fell by 6.3 per cent in 2020 from the 2019 volume, the first such drop in over three consecutive oil production increases, the 2020 Annual Management Report of the Public Interest and Accountability Committee…
PIAC calls for proper targeting of Annual Budget Funding Amount
The Public Interest and Accountability Committee (PIAC) has called for conscious efforts to ensure better targeting of the Annual Budget Funding Amount (ABFA) allocation for maximum impact.
It said assessment of the management and…
GOIL begins bitumen production
GOIL Company Limited steps into the production of bitumen, a venture Mr Kwame Osei Prempeh, GOIL Managing Director, described as strategy to widen its portfolio and consolidate gains already made in the fuel business.
GOIL with over 400…
NPA reduces fuel price margins to 9p
The 17 pesewas per litre increase in fuel price margins previously announced by the NPA has been reduced to 9 pesewas per litre effective tomorrow Wednesday May 5, 2021.
This was announced after a meeting held at the Ministry of Energy…
Sludge dealers appeal to President to validate oil from Nigeria
Mr Edrorlali Adjoorlolo, a sludge dealer on Sunday appealed to the government to intervene and dialogue with oil importers from Nigeria to create more jobs for Ghanaians at the coastal areas.
He said although Nigerians had for the…
Oil companies owe Ghana ground rent arrears to the tune of $2.1m in 2020 – PIAC
Some oil companies operating in Ghana owe the country surface rental payment arrears to the tune of $2.1 million in 2020, representing a 34.71 per cent increase over the 2019 arrears of $1.5 million, according to the 2020 Public…
Ghana Chamber of Bulk Oil Distributors swears in new board
The Ghana Chamber of Bulk Oil Distributors (CBOD) has sworn into office an 11-member board to steer the affairs of the body over the next three years.
The new executive board is made up of members with vast experience in finance,…