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Oil & Gas

Ghana Petroleum Fund yields $7m profit – report

The total net profit on the Ghana Petroleum Fund for January to September 2017 was $7.03 million, according to a report by the Ministry of Finance on the Petroleum Funds for the 2017 fiscal year. Out of the total amount, the Ghana Heritage Fund contributed $5.20 million, compared to $4.04 …

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Ghana government asked to make ExxonMobil contract public

The Ghana government has been asked to make public the recent contract it signed with ExxonMobil to enable Ghanaians determine the benefits and effects . Speaking to the New Crusading Guide in an exclusive interview, Dr Steve Manteaw, a policy analyst with the Integrated Social Development Centre (ISODEC) indicated that …

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Ghanaians urged to demand accountability on petroleum revenue

Professor John Gartchie Gatsi, an Economist and a Senior Lecturer at the University of Cape Coast has urged Ghanaians to demand accountability especially regarding the petroleum revenue. He said accountability was in a form of demand and supply, which meant that when citizens remained passive on the issues of the …

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Ghana government signs petroleum agreement with ExxonMobil

The Government of Ghana has signed a petroleum agreement with ExxonMobil, for exploration and production rights for the Deepwater Cape Three Point (DWTP) block. The agreement, which is however, subject to Parliamentary ratification, was initialed for Ghana by Mr Boakye Agyarko, Minister of Energy and Dr Kofi Koduah Sarpong, the …

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Reconfigure TOR to process crude from Saltpond field – PIAC

The Public Interest and Accountability Committee (PIAC) has stressed the need for Government to reconfigure the Tema Oil Refinery (TOR) to make commercial oil drilling at the Saltpond Oil field (SOF) economically viable.     The SOF, which was the first oil-producing field in the country, is undergoing the processes of …

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GNPC celebrates Ababio for role in Ghana’s oil discovery

The Ghana National Petroleum Corporation (GNPC) has honoured Mr Edward Ababio, for the key roles he played leading to the discovery of oil in commercial qualities in Ghana, ten years after the feat. Mr Ababio presented the first oil from the Jubilee Field with Mr. Samuel Obeng Djan (ex-GNPC Geologist) to …

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Independent Oil and Gas Information Resource Centre launched

An Independent Oil and Gas Information Resource Centre (IOGIRC), has been launched to provide comprehensive information on the oil and gas sector, especially within Ghana, to ensure transparency in operations of all stakeholders and players. The IOGIRC is an independent institution under the Oil and Gas Capacity Building Project (OGCBP), …

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Danger looms around WAPCo’s Tema Regulatory and Metering station

A  huge settlement is developing around the West African Gas Pipeline Company Limited’s (WAPCo) Regulatory and Metering Station in Tema and its management is worried that any explosion would wipe out families and generations. Mrs Harriet Wereko-Brobbey, General Manager, Corporate Affairs, says Tema city managers are indifferent to the situation …

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Journalists urged to inform citizens on oil taxation

Penplusbytes, in collaboration with the Ghana Oil and Gas for Inclusive Growth (GOGIG), has held its Second Power Reporting Series on Tax Treatment for journalists with a call to investigate and accurately inform citizens on oil taxation.       The forum is to help build and upgrade the capacities of journalists …

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Ghana will you soon be the preferred destination for oil and gas exploration – Faibille

Mr Egbert Faibille Jnr, the Chief Executive officer of the Petroleum Commission (PC),  has said the award of the International Tribunal for the law of the Sea(ITLOS) in favour of Ghana would further strength her position as a preferred destination for oil and gas exploration and production in the sub …

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