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Oil & Gas
PIAC proposes amendment to the petroleum revenue management Act
The Public Interest and Accountability Committee (PIAC) has recommended an amendment to the Petroleum Revenue Management Act (PRMA) to remove the ministerial discretion in the allocation of excess revenue over the Stabilisation Fund (SF)…
PIAC urges timely disbursement of oil revenues for projects
The Public Interest and Accountability Committee (PIAC) has urged government to disburse oil revenues earmarked for projects, rather than accumulating it over time.
According to the Committee, which has oversight responsibility over the…
PIAC demands accountability for GH¢1.5b unutilised ABFA from Finance Ministry
The Public Interest and Accountability Committee (PIAC) has called on Parliament to compel the Ministry of Finance to account for a GH¢1.5 billion unutilised funds in the Annual Budget Funding Amount (ABFA) for 2019.
The ABFA is the…
Parliament urges GNPC to position itself for better financial prudence
Parliament on Tuesday approved the programme of activities for the Ghana National Petroleum Corporation (GNPC) for 2020, with a call on the state agency to better position itself to be more financially prudent.
The Emmanuel Akwasi Gyamfi…
Ghana’s petroleum revenue drops in 2019 – PIAC
Ghana's annual petroleum revenue dropped in 2019, though production of crude oil in the country's three major fields witnessed sharp increment.
The 386,460,893 barrels of crude oil produced from the three oil fields - Jubilee, TEN and…
PIAC urges GNPC to decommission Saltpond oil field
The Public Interest and Accountability Committee (PIAC) has called on the Ghana National Petroleum Commission (GNPC) to make determinations to decommission the Saltpond Oil Field (SOF) in the Mfantseman Municipality of the Central Region.…
GNPC discusses COVID-19 impact on operations
The Ghana National Petroleum Corporation (GNPC) on Monday said the COVID-19 pandemic had impacted negatively on the oil and gas industry in Ghana and called for support in its operations.
Mr James D. Yamoah, Acting Chief Operating…
BOST shuts head office over COVID-19
The Bulk Oil Storage and Transportation Company Limited, (BOST) has shut its head office at Dzorwulu in the Ayawaso West Municipality effective Monday, July 6 to Monday, July 13.
This was after some staff of the Company were said to have…
Ward-off unauthorised invasion of filling stations – AOMC
The Association of Oil Marketing Companies (AOMC) on Sunday called on the security agencies to ward-off unauthorized intruders of the Oil Marketing Companies (OMC) operational landscape ‘filling stations.’
“OMCs have noted with concern…
Oil production in Ghana increases by 15% in 2019 – PIAC
A total of 71.4 million (71,439,585) barrels of oil were obtained from the three producing fields – Jubilee, Sankofa Gye Nyame (SGN) and Tweneboa Enyera Ntomme (TEN) in 2019.
The total oil production in 2019 exceeded that of 2018 by 15…