Wednesday, September 28, 2022
Energy Minister Matthew Opoku Prempeh has revealed that the introduction and subsequent increment of the Bulk Oil Storage and Transportation Company (BOST) margin from 6 pesewas to 9 pesewas increased the company’s revenue by about 80 percent in 2021. BOST margin revenue increased from GH¢212million to GH¢380million in 2021. Although...
Although some progress has been made in promoting local content in the oil and gas industry, much more is needed to indigenise the sector, General Manager-Engineering at state-owned Ghana National Petroleum Corporation (GNPC), Victor Kofi Sunu-Attah, has said. After 15 years since discovery of hydrocarbons in commercial volumes and more...
Tullow Oil Plc is optimistic of completing its merger with Capricorn Energy before end of year. In its half-year report, Tullow said it will host a Capital Markets Day for investors and issue a circular and prospectus in connection with the recommended merger in the fourth quarter, ahead of a...
Tullow Ghana has taken note of publications by a number of Ghanaian media outlets regarding a writ of summons issued against it by the Ghana Oil and Gas Service Providers Association (GOGSPA). Tullow Ghana confirms that it has entered conditional appearance to the writ of summons by GOGSPA. The matter...
For a record time, Ghana’s cocoa yields for the 2020-21 crop year soared to over one million tonnes, according to data from the Research, Monitoring and Evaluation Department of the Ghana Cocoa Board (COCOBOD). This is after nine years of turbulent annual production since the crop year 2010/11, with...
The Ghana Oil and Gas Service Providers Association (GOGSPA) has dragged Tullow Ghana Limited before the Accra High Court, Commercial Division, over alleged violation of local content laws. The plaintiff is praying the court to halt the defendant from re-awarding any petroleum contract being executed by indigenous companies to foreign...
With health and safety as a priority, Tullow Ghana has attained a remarkable drilling operation without lost time injury. Lost time injury (LTI) refers to any injury sustained by an employee that leads to loss in productivity, and delays in production. Presently, the Tullow team have impressively clocked over 500...
Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has lamented the inefficiencies within management of the country’s resources - which he underlines has been a critical setback to increasing Ghana’s crude oil production. Ghana has signed eighteen petroleum agreements/contracts (PAs) since 2004 covering its offshore basins:...
The upstream petroleum industry awarded contracts worth US$3.6billion to indigenous companies over the last three years, thereby deepening the local content policy. The contracts were awarded between 2018 and 2021 by upstream petroleum exploration and production firms as part of efforts to increase local participation, says the Ghana Upstream Petroleum...
Fairtrade Africa has organised its General Assembly (GA) last week in Accra, Ghana for Fairtrade certified producer organisations across the continent. The GA is the highest decision-making body of Fairtrade Africa, constituted by representatives of producer organisations across Africa who meet annually to deliberate on topics related to trade,...
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