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Oil & Gas

Sankofa Gas field faces major delay in production target

Yesterday September 22, 2016, the Ghana government, its partners, and the World Bank signed an agreement to provide guarantees totaling $700 million for the Sankofa Gas Project, but despite the euphoria that greeted the signing ceremony, one major delay for timely gas production still remains. The Ghana National Petroleum Corporation …

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CSOs urged to engage government on usage of oil revenue

Major Daniel Ablorh Quarcoo (Rtd), the former Chairman of Public Interest Accountability Committee (PIAC) has urged civil society organisations (CSOs) to seriously engage government in discussions over the usage of the oil revenue. He said professional groups, traditional and religious groups and other pressure groups need to effectively debate government …

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Ghana accrues $3.208b from oil in four years

Ghana had total annual petroleum receipts of $ 3.208 billion from  2011- 2015. But from 2010-2015, it produced 161,797,171barrels of crude oil, Mr Roland Affail Monney, the President of the Ghana Journalists Association and a member of the Public Interest and Accountability Committee (PIAC) had said. Mr Monney was speaking at a …

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Cut down on petroleum revenue supported projects – PIAC

The Public Interest and Accountability Committee (PIAC) has called for substantial cut down on projects implemented with the annual budget funding amount (ABFA) from the petroleum revenue. Professor Paul Kingsley Buah-Bassuah, Chairman of the Committee, asked that the government identified few legacy projects that should be supported. The spread of …

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Penplusbytes leads discussions on the oil factor in December Elections

The “Ghana Elections 2016 – Amplifying Oil, Gas and Elections issues” project has been launched in Takoradi to help heighten awareness and strengthen responsiveness to oil and gas governance concerns in the country. Penplusbytes, with support from Ghana Oil and Gas for Inclusive Growth (GOGIG) and International IDEA, are rolling out …

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Fired workers of Eni unhappy with layoff procedure

Disgruntled workers of Desimone Limited, Eni Sanzule Site project on Monday demonstrated against the authorities of the company for wrongfully laying off 25 workers before the end of their seven-month contract. The workers clad in red bands, blocked the road leading to the site and offices of the project with …

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Stakeholders decry high cost of projects funded with petroleum revenues

The stakeholders at a day’s sensitisation workshop on the utilisation of the petroleum revenues, have expressed concern about the high cost of projects funded with the petroleum revenues. They, therefore, asked the Public Interest and Accountability Committee (PIAC) to impress upon the implementers of those projects, to breakdown the various …

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Siemens increases investment in Ghana’s energy sector

Global technology powerhouse Siemens has announced further significant investment in gas and steam energy generation projects in Ghana over the next three to five years. One of the world’s largest energy, industrial and infrastructure companies, Siemens will roll out a series of projects, including new gas and steam turbines contributing …

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Oil revenue alone cannot support Ghana’s development – Prof. Buah-Bassuah

Professor Paul Buah-Bassuah of the University of Cape Coast and Chairman for the Public Interest and Accountability Committee (PIAC), has called on government to invest into other sectors as the revenues from oil alone cannot sustain the country’s economy. He said the country receives only five percent of the royalty interest …

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