Thursday, June 30, 2022
Springfield E&P (SEP) and ENI Ghana Exploration Limited ( ENI) have been directed by  government to commence immediate talks on unitization of the Afina and Sankofa fields offshore Ghana (operated by SEP and ENI respectively). Based on technical evidence that the reservoir straddles both blocks, government directed in a letter...
In spite of the vast opportunities available in the upstream oil and gas sector, local participation is very low due to high barriers of entry, a report by Ernst & Young (EY), Ghana, indicates. The report shows that local participation in areas like well drilling, engineering services, exploration and subsurface,...
Global oil super major, Exxon Mobil is expected to officially sign an exploration agreement with government this week to allow it undertake petroleum activities at the Deepwater Cape Three Points (DWCTP) Block off the western coast of the country. Although, the entry of Exxon Mobil into the country has been...
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...
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...
Gold Coast Refinery, a leading gold refiner in the country, has asked government to grant it a Free Zones certification permit to enable it upscale production capacity. The Free Zone status will enable the company to import large volumes of raw gold from the sub-region, then refine and export it...
 Earmarks US$20m to build a Corporate Head Office -US$10m to build Operational Head Office in Takoradi -NDC MPs raise alarm; caution the decision to borrow to fund those projects   A majority voice vote, on the floor of Parliament, Thursday, was enough to ensure the safe approval of the 2018 program of activities...
US oil prices turned negative for the first time on record on Monday as North America’s oil producers run out of space to store an unprecedented oversupply of crude left by the coronavirus crisis. The price of US crude oil collapsed by more than 105% to -$2 per barrel in...
1,000ha of cocoa trees to be replanted in 4-yrs Cocobod has announced plans to undertake a nationwide exercise to remove all swollen shoot-affected cocoa trees, to prevent spread of the viral disease. The control programme, which has received government’s approval and is expected to commence soon, will include replanting...
Nyonkopa Cocoa Buying Limited a subsidiary company of Barry Callebaut, the world leading manufacturer of high-quality chocolate and cocoa products has paid a of GH¢ 8,839.993 as premium to farmers at separate durbars this year for sustainable cocoa production. As a tradition of the Horizon program, all trained and certified...
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