Sunday, June 26, 2022
The National Petroleum Authority (NPA) says it is reviewing the Act to meet international standards, demands and expectations. Dr Mustapha Abdul-Hamid, the Chief Executive of the NPA, said the review was necessary because certain limitations had been identified in Act 691, 2005, which regulated and ensured safety standards in the...
The Chief Executive Officer of the National Petroleum Authority, Alhassan Tampuli, has said all challenges identified in the piloting of the Cylinder Recirculation Model (CRM) will be addressed before full implementation. “In recent times, we have had calls by some industry players to halt the implementation of the CRM pilot...
IEA says mobility picking up, Chinese demand rose S. to contribute biggest single output reduction by end-2020 IEA deems Gulf Arab cuts insufficient to balance market Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said last week Thursday, but it trimmed...
The Chamber of Bulk Oil Distributors (CBOD) is calling for calm in the ongoing disagreement between the LPG Marketers Association and the National Petroleum Authority over the proposed cylinder recirculation program. The LPG Marketing Companies Association of Ghana has accused government of a grand scheme to wipe them out of...
The FPSO Kwame Nkrumah will be shut down in early 2018 to allow for continuation of repair works, Minister of Energy, Boakye Agyarko, has said. “The repair works on the turret of the FPSO Kwame Nkrumah, also referred to as the Turret Remediation Project (TRP), is being done in two...
For the fourth consecutive year the Ghana Oil and Gas Awards (GOGA) has rewarded the best of industry players from the upstream, midstream and downstream to allied and supply chain service providers. At a glitzy event at the Kempinski Hotel Gold Coast City, more than 50 individuals and organisations were...
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...
The world’s largest oil companies are set for a cash flow bonanza this year, probably at record levels, as massive cost cuts in the wake of the 2020 oil price and oil demand collapse have significantly lowered the corporate cash flow breakeven for many firms. After posting record losses in...
Four contractors, whose contracts were terminated by the Petroleum Commission in 2021 for non-performance, are in arrears of US$1.88million of Surface Rental payments, the latest Public Interest and Accountability Committee (PIAC) report has revealed. The four – Swiss African Oil Company Limited - SWAOCO, UB Resources, Brittania U, and Sahara...
Tullow Ghana Limited (TGL) has received assurance from Defence Minister Dominic Ntiwul that work is underway to upgrade equipment needed by the Ghana Navy to improve the security of offshore oil installations and oil and gas fields located off-coast the Western Region. Mr. Ntiwul gave the assurance on Tuesday when...
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