Implementation of the Cylinder Recirculation Model, which is expected to begin this year, will create an estimated 4,500 new jobs along different levels of the supply chain.
An official statement from the Corporate Affairs Division of the National Petroleum Authority (NPA) said: “Direct job losses are estimated to be about...
Brent reaches highest in five years
Ghana averagely imports more oil that it exports
Ghana will likely hedge its oil imports under a new risk management strategy to keep fiscal consolidation on track as global crude prices recover, a finance ministry source told Reuters on Monday.
Brent crude futures hit...
The Chamber of Petroleum Consumers (COPEC) has called on government to scrap the Special Petroleum Tax (SPT) and other levies that have made the cost of petroleum products in the countryshoot up.
According to the chamber, the SPTspecifically has outlived its purpose and has now become a nuisance tax.
“We are...
Fix prepaid meters in MMDAs
Fix ECG conundrum
Rationalise gas price
With government expected to raise an additional GH¢6billion in March to clear the bulk of the GH¢10billion energy sector debt using ESLA Plc - a special purpose vehicle created for the purpose - managers of the sector want...
Oil retreated late on Thursday as the U.S. dollar rebounded from early losses and strengthened, denting support for the latest crude rally, but tight U.S. supplies limited the commodity’s decline.
The U.S. dollar rose against a basket of currencies .DXY after President Donald Trump said he wanted a “strong dollar.”...
The 2018 Work Programme of the Ghana National Petroleum Corporation (GNPC) is expected to be approved soon, following the laying of paper on the floor of parliament.
The First Deputy Speaker of Parliament, Joe Osei-Owusu, has subsequently referred the work programme to the Mines and Energy Committee for consideration and...
Ghana’s latest contract with ExxonMobil Corp for oil exploration in the Deepwater Cape Three Points offshore (DWCTP) oilfield is going to add to a growing list of oil and gas contracts that have been shielded from the public - due to the non-existence of a ‘Petroleum Register’ as required...
Government must clarify its plans for the Saltpond oilfield, following the decision by Ghana National Petroleum Company (GNPC) to halt the de-commissioning process and keep a skeleton staff on the ‘non-operational’ oilfield, Prof. John Gatsi has said.
The Head of Department of Finance, School of Business at the University of...
Government is to issue a GH¢6billion bond to clear the remaining energy sector debt in March, 2018, Energy Minister Boakye Agyarko has confirmed.
“We will come back to market in March the balance of GH 6billion,” said Mr. Agyarko, who has consistently maintained that the half-decade of power rationing...
The President, Nana Addo Dankwa Akufo-Addo, has charged ExxonMobil to replicate it high standards of operation in Ghana to enhance the competitiveness of the country’s oil and gas sector, urging Parliament to act expeditiously in approving the transaction set out in the country’s petroleum exploration agreement.
“We are determined to...