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Oil & Gas

Minority accuses GNPC of spending illegally

The Minority in Parliament on Friday charged the Ghana National Petroleum Corporation (GNPC) of spending outside an approved budget, indicting government of complicity in an illegality against the state. They have thus demanded that the GNPC is prevented from spending funds until Parliament endorses the Corporations’ budget. Dr Anthony Akoto …

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Ghana Supply chain builds linkages for oil sector

Pyxera Global, managers of the Ghana Supply Chain Development (SCD) Programme together with the African Partner Pool (APP) on Tuesday hosted businesses operating in the oil and gas sector in the Western region. It is to create market linkages with operators in the industry. Mr Ken Mcghee, the Chief of …

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Fishermen breach FPSO Kwame Nkrumah security

Tullow Ghana Limited on Tuesday confirmed security breach within 2.66 nautical miles west of the FPSO Kwame Nkrumah by three fishermen onboard a canoe on Saturday, February 21 offshore Ghana at approximately 19:15 hours. The fishermen had deployed fishing nets very close to the FPSO Kwame Nkrumah posing danger to …

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Government will manage revenue from natural resources prudently – Terkper

Mr Seth Terkper Minister of Finance and Economic Planning, on Tuesday said government is working assiduously to ensure that the enhanced revenues from the country’s natural resources are prudently managed and utilized for the benefit of the people. He said revenues from natural resources are to benefit people who are …

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ACEP to sue Ghana gov’t over failure to publish projects funded with petroleum revenue

The Africa Centre for Energy Policy (ACEP) a non-governmental organization with interest in energy issues, has threatened to sue government over failure to publish annual report on projects implemented with petroleum revenues for the past three years. Dr. Mohammed Amin Adam, Executive Director of ACEP, said the Petroleum Revenue Act, …

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Ghana government urged to increase transparency in oil and gas sector

The Institute of Economic Affairs, (IEA), a public policy institute, on Wednesday urged government to increase transparency and accountability in the oil and gas sector. Addressing a press conference in Accra to present the 2015 IEA’s Petroleum Transparency and Accountability (P-TRAC) Index project report, Prof John Asafu-Ajaye, a Visiting Fellow …

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Petroleum products dominate Ghana exports to EU

Ghana’s exports to the EU were dominated by petroleum exports worth US$2.5 billion, or 55 per cent of the country’s total exports to the EU. Additionally, raw cocoa beans accounted for the next largest export of Ghana worth US$1billion, or 21 per cent of exports. Meanwhile, the Minister of Trade …

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Stakeholders call for equal distribution of oil revenue

Stakeholders at a forum held in Bolgatanga have called on the government to ensure that there was fair and equal regional distribution of the oil revenue. The stakeholders, made up of civil society organisations, government departments, youth activists and opinion leaders, expressed regret that the three regions in the north received the …

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Ghana government urged to devote oil revenue to agriculture

The Ghana government has been urged to increase the oil revenue allocation to the agriculture sector since the sector has greater redistributive effect. Dr Amin Anta Mohammed, the Executive Director of the Africa Centre for Energy Policy,  who made the call during a multi-stakeholders forum on spending strategy of oil …

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Accra Polytechnic to establish training centre for oil and gas

Accra Polytechnic (A-Poly) on Thursday signed a memorandum of understanding (MOU) with solar energy giant, Kinetic Development Company (KDC) for the establishment of Centre of Excellence in Pipe and Pipeline Training in oil and gas. The Centre, which will train mechanical engineering students interested in oil and gas projects, will …

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