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Oil & Gas

Stolen $50b crude oil from Nigeria in 10 years, found in Europe, America and Asia

Nigeria’s Vice President, Yemi Osinbajo, talked tough on crude theft during the June 1, launch of Ogoni clean up earlier recommended by the United Nations Environmental Protection (UNEP). He has all reasons to do so. Crude theft, not even the series of attacks on oil installations, is, according to a …

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GNPC scales up oil exploration preparations in Voltaian Basin

Preparations towards oil and gas exploration in the Voltaian Basin has gathered momentum as series of stakeholders’ forums to comprehensively address all environmental concerns are held. Heads of department and coordinating directors drawn from the various districts across the Eastern Region were on hand at one of such forums in …

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GNPC denies overspending 2015 budget

The Ghana National Petroleum Corporation (GNPC) has denied it overspent its 2015 annual budget. A statement from the GNPC Communication Department, copied to the Ghana News Agency on Friday, said the information in the Public Interest and Accountability Committee (PIAC) Annual Report alleging that GNPC overspent its 2015 budget were incorrect. “GNPC …

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State agencies can’t trace Oranto/Stone Energy to collect $67,000 royalty owed Ghana

An oil company that operated in the country and owes the Ghana government some money appears to have vanished into thin air, and it is not clear which government agency should find the company and retrieve the debt. The Public Interest and Accountability Committee (PIAC) announced during the launch of …

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VRA owes Ghana Gas $228m, and not sure when it would pay

The Volta River Authority is highly indebted to the Ghana National Gas Company (GNGC), owing as much as $227.78 million for the supply of lean gas produced from the Atuabo Gas Processing Plant, the annual report of the Public Interest and Accountability Committee (PIAC) launched Wednesday June 22, 2016 shows. …

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Energy sector must be made attractive to investors – Mould

African governments and energy companies must help make the continent’s energy projects bankable and attractive to market-based financing, Mr Alex Kofi-Mensah Mould, the Chief Executive Officer of Ghana National Petroleum Corporation (GNPC) has said. Addressing the Africa Oil and Power Conference in Cape Town, South Africa, Mr Mould said the …

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GNPC defends investments

Mr Alex Mould, the Chief Executive of the Ghana National Petroleum Corporation (GNPC), has defended the Corporation’s investments over the past few years saying they are strategic and forward looking. Mr Mould made the remarks at the Africa Oil and Power Conference in Cape Town, South Africa, a statement made available to the Ghana …

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Delay in passing new Petroleum Bill into law a shame – Dr Manteaw

The Chairman of the Civil Society Platform on Oil and Gas (CSPOG) Dr Steve Manteaw says the country needs to be ashamed for the delay in passing the Petroleum Exploration and Production Bill to replace the current law. The bill which has been in parliament for some years now, is …

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Parliament conditionally approves GNPC 2016 programme

Parliament has approved the programme of activities for 2016 for the Ghana National Petroleum Corporation (GNPC), which has been in contention for some time now. The approval had been delayed at earlier sittings for lack of clarity and details in expenditure schedules. Consequently, the approval was given on the condition …

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Energy Ghana ranking after retail oil prices up

Energy Ghana, a subsidiary of Energy Media Group’s latest fuel prices chart has shown oil marketing companies increased ex-pump prices in the first week of June, a move expected to exert upward pressure on inflation. Fuel prices have a big effect on the inflation rate, which eased to 18.7 per …

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