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NPA introduces LPG Cylinder Recovery Margins levy

The National Petroleum Authority (NPA) on Thursday said the newly introduced levy or Cylinder Recovery Margin is to support stakeholders in the supply chain ahead of the implementation of the cylinder Recirculation Model (CRM). A statement signed by Mr Anny Osabutey, a Public Relations officer at NPA and copied to …

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COVID-19: Aker Energy postpones development of Ghana oil field

Aker Energy and license partners have taken the decision to postpone the development of the Pecan field in the Deepwater Tano Cape Three Points block offshore Ghana due to global disruptions caused by the Covid-19 pandemic. Aker Energy and its partners, Lukoil, GNPC and Fuel Trade had an aggressive plan …

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GSA, Petroleum Commission to collaborate to standardise oil measurement

The Ghana Standards Authority (GSA) and the Petroleum Commission (PC) have agreed to collaborate to standardise oil measurement in the country. The decision was arrived at during a meeting between Professor Alex Dodoo, Director-General of the GSA and Egbert Fabaille Jnr, the Acting Chief Executive Officer (CEO) of the Petroleum …

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PIAC cites Tullow Oil for wrongful payments

Tullow Ghana Plc has joined the list of oil companies making wrongful lodgments of oil revenues due the government of Ghana. The 2019 Semi-annual Report of the Public Interest and Accountability Committee (PIAC) cited Tullow of having made a lodgment of $75 million into the account of the Ghana Revenue Authority (GRA) …

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OMCs decisions on fuel pricing violate NPA Act – Think Tank

CUTS Ghana, a research and advocacy policy think tank, has expressed dismay at the Association of Oil Marketing Companies’ (AOMCs) decision to set a percentage cap and defer the window for reducing fuel prices at the pump. This, according to the think tank violated Section 44 of the National Petroleum …

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Minority debunks President Akufo-Addo’s statement on oil wells

The Minority National Democratic Congress (NDC) in Parliament has disagreed with a statement by President Nana Akufo-Addo in the 2020 State of the Nation Address (SONA) that their administration did not drill new oil wells between 2013 and 2016. According to them, records from the Petroleum Commission indicated otherwise, showing …

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Ghana government pays up over GH¢515m BDCs Legacy Debts – Ministry

The Government has completed the payment of all legacy debts owed the Bulk Oil Distribution Companies (BDCs) and Banks towards reducing the Non-Performing Loans (NPLs) in the banking sector and strengthening the operations of the BDCs. It comprises a total of GH¢515,407,047 for Real Value Factor (RVF) and $99,667,917 for …

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Ghana government urged to intensify oil exploration in north of country

Mr Prince Bagnaba Mba, President of Forum for Equity, a, human rights organisation has called on government to intensify oil exploration in northern Ghana. He said:” the Ghana National Petroleum Corporation, the Petroleum Commission, National Petroleum Authority should as a matter of economic priority intensify research and exploration activities in …

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Women representation in energy sector is low – Tullow

Mr Kweku Awotwi, the Executive Vice President of Tullow Ghana, an oil production company, has described the representation and participation of Ghanaian women in the energy sector as “depressively low.” He quoted a 2018 Study on Gender Representation in the Petroleum Sector by energy policy NGO, Ghana Oil and Gas …

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WAPCo to shutdown offshore pipeline for clean-up from January 20

The West African Gas Pipeline Company (WAPCo) will on Monday, January 20 commence a clean-up and inspection of its pipeline from Nigeria to Ghana, and expected to be completed on March 21, 2020. The maintenance exercise, technically referred to as “Pigging” is to maintain the integrity and safe operations of …

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