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Oil & Gas

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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NPA to deploy Automatic Tank Gauging System to check illicit activities at fuel stations

The National Petroleum Authority (NPA) says it will deploy an Automatic Tank Gauging and Stock Management and Monitoring Systems at all petroleum retail outlets across the country, this year. The system will give the NPA and the Ghana Revenue Authority (GRA) a real-time view of petroleum products at all retail …

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Keta basin oil exploration will affect six districts – Development Institute

Mr. Ken Kinney, Executive Director, the Development Institute (DI) a Non-Governmental Organization has said the proposed Keta basin oil exploration will affect six districts and over 31 per cent of the population of the Volta Region. He said the 31 per cent population would not have any direct benefit from …

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