Sunday, June 26, 2022
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...
 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...
Tullow Oil plc (Tullow) has announced the appointment of Dorothy Thompson as independent non-executive Director and Chair-designate subject to the approval of the Group’s Annual General Meeting (AGM) to be held next week April 25, 2018. Ms. Thompson when approved will be succeeding Aidan Heavey, Tullow’s current Chairman and Founder,...
Ghana, one of Africa’s democratic standard bearers, is a relative newcomer to the oil sector. Having surpassed oil development’s teething problems, it has remained highly committed not to scaring foreign investors away and keep existing covenants intact. While the nation’s energy outlook is improving, significant challenges remain. This year saw...
  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...
Mr. Benjamin Boakye, Executive Director of African Centre for Energy policy (ACEP), has said more than 700, Ghanaian businesses have in the past 10 years registered with the Petroleum Commission. Mr Boakye said this during the 6th public session of Citizens Advisory Council in Takoradi. The session was organised by Western...
A constitutional and petroleum law expert, Prof. Raymond Atuguba, has questioned the constitutionality of the Petroleum Exploration and Production Act, 2016 (Act 919) which gave rise to the multi-billion-dollar contract recently signed between government and Exxonmobil. According to Prof. Atuguba, the 1992 constitution vests the management of the petroleum resources...
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