The Gold for Oil (G4O) program emerged in response to the 1973 oil crisis, triggered by an oil embargo imposed by OPEC members, particularly Saudi Arabia, on nations perceived as supporting Israel in the Yom Kippur War (Birjandi, 2003). This crisis caused a global energy shortage and a surge...
With the country expecting its fourth consecutive decline in oil production since 2010 - as a result of reduced production in all three existing oil fields, industry experts are raising concerns about the impact on Ghana National Petroleum Corporation’s (GNPC) financial stability.
They warned that a dent in the national...
Following the successful staging of the maiden Western Regional Oil and Gas Excellence Awards ceremony last year, the 2nd Western Regional Oil and Gas Excellence Awards Dinner is due to be held in Takoradi on Friday, December 15, 2023.
The Western Regional Minister, Mr. Kwabena Okyere Darko-Mensah, will grace the...
The Petroleum Commission in partnership with Tullow Ghana Limited, has transformed the Sargassum seaweed into raw material, used in the fishing communities.
The Sargassum seaweed, (a leafy rootless and buoyant algae that bunch up around ocean) hitherto, was a public nuisance that came along some coastal beaches in the country...
The Chief Executive Officer (CEO) of the Petroleum Commission, Egbert Faibille Jnr, has said the upstream oil and gas regulator is working closely with the Ministry of Energy to ensure that the country remains a highly prospective petroleum investment destination.
According to him, the commission and the latter in the...
The Petroleum Commission is providing support for training more than 30 journalists on the pressing global subjects of Energy Transition, Climate Financing and related topics. This training initiative, known as the ‘Finance and Economics Clinic’, is organised by El de D Consult and is a periodic effort aimed at...
The Group CEO of GOIL PLC, Mr. Kwame Osei-Prempeh has been awarded with the Lifetime Achievement Awards at the just ended Ashanti Business Leaders Excellence Awards in Kumasi.
The award was received on his behalf by a team of staff from GOIL at a colorful ceremony in Kumasi.
The Lifetime Achievement -...
Crude oil production in the country for first-half (H1) 2023 saw a significant decline, amid various developments and concerns related to petroleum revenues and regulatory compliance.
The country produced a total of 22.4 million barrels (bbls) of crude oil from its three offshore producing fields - Jubilee, Tweneboa, Enyenra, Ntomme (TEN) and Sankofa...
The National Petroleum Authority (NPA) has sanctioned seven petroleum products marketing companies (PPMCs) for illicit distribution of petroleum products.
They are to pay fines for violating the Unified Petroleum Pricing Fund (UPPF) regulations, making false UPPF representations to the Authority and engaging in third-party supplies.
Failure by the affected companies to...
The Ghana Upstream Petroleum Chamber held its annual oil and gas conference and launched the 2023 upstream industry report - a comprehensive up to date documentation on the state of the upstream industry. B&FT spoke to the CEO of the chamber, David Ampofo on some of the key industry...