Eni Ghana Exploration and Production and Vitol Upstream Ghana have received a positive decision from an international arbitral tribunal regarding their unitisation dispute with the Republic of Ghana, ruling in favour of their long-standing opposition to the Ministry of Energy’s unitisation directives.
The international arbitral tribunal has concluded that the...
Tullow Ghana Limited (TGL) has announced key changes to its leadership team.
After four years as Managing Director in Ghana, Wissam Al-Monthiry will leave the company at the end of July 2024, to pursue a new career opportunity.
Wissam has been instrumental in leading the organizational transformation of the Ghana business...
By Kizito CUDJOE
The Chamber of Bulk Oil Distributors (CBOD) has stressed the need for a streamlined and well-regulated oil and gas sector, urging regulatory authorities to continue exploring avenues to deepen earnings from the sector.
The Chamber of Bulk Oil Distributors (CBOD) has underscored the importance of a streamlined and...
- as country struggles to attract partners
By Kizito CUDJOE
The Public Interest and Accountability Committee (PIAC) has called for investments in data and regulatory reforms in the oil and gas sector to address the continued decline in oil production and the challenges in attracting new investments.
In 2023, the country produced...
By Ernest Bako WUBONTO
The public is increasingly concerned about development authorities' (DAs) inability to ensure optimal socio-economic impact from projects funded by oil revenue, particularly as the country's oil production has declined in recent years.
Currently, the three development authorities - Coastal, Middle Belt and Northern - face a myriad...
By Kizito CUDJOE
The country has missed out on an estimated US$10billion in petroleum revenues due to its current contract framework, according to Executive Director-Centre for Natural Resources and Environmental Management (CNREM), Solomon Kwawukume.
He attributed this shortfall to the country’s reliance on the hybrid system for its oil contracts -...
The implementation of the Cylinder Recirculation Model (CRM) has gained momentum with the dispatch of cylinders to exchange points.
The company's bottling plant in Tema, with a capacity to fill liquefied petroleum gas (LPG) into 1,200 cylinders per hour, dispatched the first batch of cylinders on 7th June 2024.
The receiving...
By Juliet Aguiar DUGBARTEY, Takoradi
For the second time in a row, the Ministry of Finance has failed to deposit over US$70million in proceeds from the Jubilee Oil Holding Limited (JOHL) lifting into the Petroleum Holding Fund (PHF) as mandated by law, says the Public Interest and Accountability Committee (PIAC).
This...
By Kizito CUDJOE
The African Petroleum Producers’ Organization (APPO) has wrapped up its roundtable on gas flaring and fugitive methane emissions, with industry stakeholders pledging to combat environmental challenges through joint initiatives, stringent policies, and innovative technologies.
The two-day event, held in Accra, was co-organized by the Petroleum Commission and brought...
By Kizito CUDJOE
Domestic crude oil production has continued its significant decline for the fourth consecutive year. In 2023, there was a notable decrease in output with production plummeting to 48.25 million barrels (bbls) - down from a peak of 71.44 million barrels in 2019.
Moreover, from the three producing oil...