Government has launched a public register of petroleum contracts, agreements, authorisations and permits in a bid to enhance transparency and accountability in the upstream oil and gas sector.
The register, which was curated by senior staff of the Petroleum Commission, is hosted via a web portal and presently contains 17...
Fiscal policy think-tank, the Institute for Fiscal Studies (IFS), has commended plans by government to hedge the country’s oil imports as part of moves to ensure some form of price stability.
Speaking at a press conference in Accra, Prof. Newman Kusi-Executive Director of the institute, said the development is a...
As part of the Energy Ministry’s effort to conserve energy, a total number of 12 million LED lamps will be distributed throughout the country under a cost-recovery credit programme to be operating through a local bank, a Parliamentary report has revealed.
According to a report of the Select Committee on...
Global environmental issues are getting more attention due to the rising threat of global warming and climate change. The inter-governmental panel on climate change (IPCC) reports a 1.1 to 6.4°C increase of global temperatures and a rise in sea level of about 16.5 to 53.8 cm by 2100. Bearing...
The Volta River Authority (VRA) is to import about 200 megawatts of power from neighbouring Cote d’Ivoire to augment local production and avert power rationing, otherwise known as ‘dumsor’, following shutdown of the Jubilee FPSO on February 1, 2018 for planned maintenance.
The Jubilee Floating, Production, Storage, and Offloading (FPSO)...
Following the announcement that American multinational oil and gas company- ExxonMobil Corporation is to begin full operations in Ghana this year – 2018, it brings a lot of hope to the country’s nascent oil and gas industry.
However, following the latest accountability and transparency report index (P-TRAC) which focuses on...
Government is set to establish a refinery in Takoradi that will refine 150, 000 barrels of oil per-day, Energy Minister, Boakye Agyarko has revealed.
The “new TOR”, as the Minister terms it, will be will reduce significantly, the amount of oil the country imports to meets its demands, and to...
There is a need to establish new legislations for the downstream petroleum sector, in order to realise government’s vision of making Ghana a hub for refined petroleum products in the West African sub-region, Energy Minister, Boakye Agyarko has advised.
According to the minister, who was speaking at the 2018 Downstream...
Total petroleum receipts - the sum of earnings from liftings and other petroleum proceeds from the Jubilee and TEN oil fields - stood at US$362.58million as at September 2017, data from the Ghana National Petroleum Commission (GNPC) have shown.
The figure, which indicates an astronomical surge from the US$172.91million realised...
The state in 2017 lost some GH¢868m to shady petroleum service providers who dump products meant for export back onto the Ghanaian market.
Due to tax waivers on some petroleum products meant for export, crooked service providers find an incentive in selling such products on the local market - which...