Oil & Gas

Ms Marilyn Aniwa, the Coordinator of the Public Interest Accountability Committee (PIAC) has called for the sustainable management and efficient utilisation of the Ghana’s petroleum revenues. She noted that the petroleum reserves of a…

President Nana Addo Dankwa Akufo-Addo, on Thursday said “there is no avoiding the fact that the oil industry, unfortunately, has a reputation for corruption”. He said since the discovery of oil in the country, there had been heightened…

Mr Ken Ofori-Atta, the Minister of Finance has said the overall crude oil production from Ghana is expected to more than double over the next four years. “Overall, crude oil production is expected to increase from 196,089 barrels per day…

The future of Ghana’s oil and gas sector as a catalyst to push socio-economic development looks brighter, though the nation lacks pricing policy for her crude. A pricing policy for crude, according to the Ghana Oil and Gas Inclusive…

The Public Interest Accountability Committee (PIAC) Secretariat has requested from the Ministry of Finance and Economic Planning (MoFEP) to provide it with information on all physical infrastructural projects it intends to fund with…

Mr Isaac Osei, the Managing Director (MD) of Tema Oil Refinery (TOR), has given the assurance that the national oil refinery would be in full operation by the end of September, this year. He said the refinery now had the capacity to…

A total of $799 million worth of contracts in the upstream petroleum industry was awarded to indigenous Ghanaian companies and joint ventures last year in accordance with the Local Content and Local Participation law. Out of the…

The Ghana National Petroleum Corporation (GNPC) has presented a cheque for $ 250,000 to the University of Ghana for the establishment of a Research Chair in Petroleum Geoscience at the Department of Earth Science. The presentation of the…

Tanker drivers at the Bulk Oil and Storage Transportation (BOST) depot in Tema have appealed for better working conditions. Speaking to the Ghana News Agency, Mr Akwasi Prempeh, a driver at the BOST depot in Tema said, the drivers work…

MODEC Production Services Ghana JV Limited (MPSG), a Japanese firm, has launched an international oil and gas training programme for 16 Ghanaian nationals. The beneficiaries are expected to undertake the training in Brazil in three…