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GNPC to support four universities with $1m

The Ghana National Petroleum (GNPC) has pledged to support four universities with one million dollars for promotion of science, technology, engineering and mathematics as key ingredients for capacity building. Each of the four universities would receive $250,000 annually for the next four years, which is in line with the GNPC’s …

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Media war against BOST is act of blackmail – Minister

Mr Emmanuel Boakye Agyarko, Minister of Energy on Thursday said the on-going media war against Bulk Oil Storage and Transportation could be a blackmail warning; “I cannot sit down for such things to continue. “We will not sit down under blackmail”. Mr Boakye Agyarko hinted that the truth about the …

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Ghanaians still fronting for foreigners in petroleum industry – Energy Minister

Mr Boakye Agyarko, the Minister of Energy, has expressed dismay at the behaviour of some Ghanaians, who continuously front for foreign nationals to engage in businesses reserved for only Ghanaians in the petroleum industry. ‘‘We should not content ourselves with being frontmen for ‘‘Nokofio’’and something small for ourselves, but should …

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Energy Minister defends ExxonMobil oil exploration deal

Mr Boakye Agyarko, the Minister of Energy, has said the Government signed an oil exploration contract with the ExxonMobil Company to explore for oil in the Deeperwater Cape Three Points Oilfields because it has the capacity to deliver. He said government’s policy for the upstream oil industry was to undertake …

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Government to embark on aggressive exploration in upstream oil industry – Bawumia

Vice President Dr Mahamudu Bawumia has announced Government’s ambition to embark on aggressive exploration in the upstream oil industry to revive the petroleum industry, accelerate discoveries and to replace the depleting oil reserves. To that end, he said, the Government would embark on Ghana’s first bidding round later this year …

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GNPC to commit $1m for petroleum research 

The University of Cape Coast (UCC) and the Ghana National Petroleum Corporation (GNPC) have signed a Memorandum of Understanding (MoU) to establish a research Chair in petroleum commerce. It is aimed at facilitating the sustainable development of the commerce of Ghana’s hydrocarbon deposits and provide a reference point for developing …

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GNPC will not engage in philanthropy anymore – CEO

The Ghana National Petroleum Corporation (GNPC) will no longer engage in philanthropy activities, Dr Kofi Konduah Sarpong, the Chief Executive Officer of GNPC has said The organization will rather  focus  on social impact activities to clearly articulate its vision of being a global oil and gas company whose operations had …

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Petroleum Commission gives IOCs April 1 ultimatum to submit oil contract 

The Petroleum Commission has given the International Oil and Gas Companies (IOCs) and other service companies, till April 1, to submit every oil contract to the Commission for proper review before they are sealed. Mr Egbert Faibille Jnr, Acting Chief Executive Officer of the Petroleum Commission (PC), said all IOCs …

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Stakeholders deliberate on impact of oil, gas and the environment   

Stakeholders at a day’s Summit on Oil, Gas and the environment have acknowledged the need for a policy on oil spillage in the country. A detailed scrutiny of the National Oil spillage contingency plan revealed a huge gap in terms of an actual spill prevention and response plan.  Mr Wim …

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GE says to build waste gas to power plant in Ghana

GE says it will build a power plant to augment the electricity needs of Ghanaians by proposing to construct the first-ever 25MW Waste Gas to Power Plant. According to a statement issued by the sub-Sahara Africa office of GE and copied to ghanabusinessnews.com the new plant will add equivalent power …

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