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Oil & Gas
Ghana to acquire third FPSO soon costing $1.2b
Ghana is preparing to acquire a third Floating Production Storage Offloading (FPSO) vessel to receive lean gas from the Sankofa Gye-Nyame (OCTP) Oil Field, Mr Emmanuel Armah-Kofi Buah, Petroleum Minister has announced.
The new FPSO,…
Be accountable in the management of revenue – Dr Manteaw
Dr. Steve Manteaw, co-Chairman of Ghana Extractive Industries Transparency Initiative (GHEITI) has called for governments to be accountable to their peoples in the management of revenues from the extractive industry.
They should…
Deputy Minister pledges transparency in oil money spending
Deputy Finance Minister, Mrs. Mona Quartey, has repeated the government’s unwavering commitment to ensure transparency in the spending of the oil and gas revenue to propel the growth of the economy and fight poverty.
She indicated…
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,…
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…
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…
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,…
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…
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…
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…