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Oil & Gas
Onshore oil exploration in the Voltaian basin yielding dividends – President
President Nana Addo Dankwa Akufo-Addo on Thursday announced that a pilot survey in the Voltaian basin for possible onshore oil discovery, has established the “presence of a working petroleum system”.
“I…
IFS advocates comprehensive hedging plan for Ghana’s oil
The Institute of Fiscal Studies (IFS) has urged government to consider a comprehensive hedging programme that would cover imports and exports of Ghana’s petroleum resources as well as interest rates on public debt.
The…
GNPC donates GH¢500,000 to UENR for laboratory construction
The Ghana National Petroleum Corporation (GNPC) has presented a cheque for GH¢500,000.00 to the University of Energy and Natural Resources (UENR) for the completion of the first phase of the University’s two-storey building Applications…
Closure of Ghana Gas will not affect electricity production – ECG
Madam Jacqueline Ofori-Atta, Western Regional Manager of the Electricity Company of Ghana has assured the company’s numerous clients of continuous power during the shut of the Ghana Gas at Atuabo.
“The shutdown of Ghana…
Investing Ghana’s petroleum funds in low profit investment meaningless – Economist
Dr. Eric Osei-Assibey, a Senior Lecturer at the University of Ghana, says it is unnecessary for Ghana to keep its Heritage Funds in an investment product with 2.25 per cent interest rate while borrowing at over 10 per cent interest rate.…
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…
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…
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…
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,…
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.
…