Absa Bank Ghana has signaled its commitment to closely collaborate with leading energy companies such as Tullow Ghana, in developing the oil and gas sector. The two companies made headlines late last year when their concerted approach to deal-execution led to the delivery of Ghana’s first ever wholly-owned sea...
as group’s gross profit jumps to US$634mTullow Oil Plc, which operates the Tweneboa Enyenra Ntomme (TEN) and Jubilee oil fields, has announced a capital expenditure (capex) of US$270million for its Ghana operations.This follows a jump in the group’s gross profit to US$634million from the US$403million in 2020,...
There is an urgent need to review and rethink the utilisation of oil revenues from consumption to investment, Dr. Steve Manteaw, Co-Chair of the Ghana Extractive Industries Transparency Initiative (GHEITI), has said.He said it would be more prudent and sustainable if the country treats its oil and other natural...
The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has invited oil investors in the United Arab Emirate (UAE) to take advantage of Ghana’s favourable petroleum market environment and invest in the country’s infrastructure.He mentioned oil jetties, pipeline and distribution infrastructure, refineries and gas processing plants,...
Out of an estimated US$31.2billion generated from commercial oil production in the last ten years, the state has gained only 20 percent with too little to show how the country has benefitted, a Public Interest and Accountability Committee (PIAC) report has shown.According to the report, the US$6.55billion is the...
GOIL has rewarded its customers as part of this year’s National Chocolate Day celebration.The largely promotional give-away themed ‘My Customer, My Love’ took place across all 8 zones of the company nationwide, and coincided with the Valentine’s Day celebration.In Accra, a team led by the Zonal Manager Helen Kyeremanteng visited...
Crude oil prices were on the rise on Thursday morning as Russia engaged in a “special military operation” in Ukraine. The price of Brent crude oil is now well over $100 per barrel for the first time since July 2014.
The price of Brent crude reached $104.99 per barrel -...
APAVE International and its local partners, Integrity Logistics and Consult Limited (oil and gas service companies), have inaugurated a Training and Support Centre at Beahu in the Ahanta West Municipality of the Western Region.The almost-US$6million state of the art centre will provide training programmes to support various onshore and...
The Management, Staff, Students and Past Students of Keta Senior High Technical School (KETASCO) has congratulated Dzolalian Curtis Perry Kwabla Okudzeto on his appointment as the Deputy Chief Executive Officer of the National Petroleum Authority.A statement from the past students association said “the appointment of Dzolalian Curtis Perry Kwabla...
President Akufo-Addo has appointed Perry Okudzeto and Linda Asante as Deputy Chief Executives to assist in manning affairs of the National Petroleum Authority.Their appointment is pursuant to the powers vested in the President under Section 49 (1) of the National Petroleum Authority Act, 2005 (Act 691)."Pursuant to the powers...