The State Interest and Governance Authority has held the first of a series of media engagement to give accountability of progress and growth made in various State-Owned Enterprises, Joint Venture Companies and Other State Entities.
In this maiden edition, the Bulk Oil Storage and Transportation (BOST) and Ghana Gas were...
Government risks dampening investor confidence in the country’s petroleum upstream industry by remaining tight-lipped on the ongoing unitisation tussle between Eni Ghana and Springfield Exploration and Production, the Africa Centre for Energy Policy (ACEP), has warned.
“Unfortunately, the government's silence amid raging media war is unhealthy for creating a competitive...
The Public Interest and Accountability Committee (PIAC) has indicated that surface rental payments to the state remain in arrears to the tune of US$2.1million for the year ending 2020.
According to the Committee in its statutory annual report, 2020, it identified that the US$1.6million surface rental arrears recorded in 2019...
Fuel consumers could be paying more for the product in coming days, as the price of crude on the international market rises in addition to a marginal depreciation of the cedi, says the Institute for Energy Security (IES).
This would be bad news for consumers, given that they have had...
Says Sankofa to deliver US$8.1bn revenue to state
Eni Ghana is not against the prospect of jointly developing its Sankofa field with Springfield’s Afina discovery, the Italian company has said.
Its Managing Director, Giuseppe Valenti, said the company is in dialogue with relevant authorities - Ministry of Energy and...
ExxonMobil has abandoned the country’s upstream hydrocarbon industry, a move the Institute for Energy Security (IES) says is strategic and will help it concentrate on quality assets in other jurisdictions.
Consistent with ExxonMobil’s global position, IES said the oil major might have decided against pursuing its Ghana business because the...
The state cannot continue to watch on as Eni Ghana and Springfield Exploration and Production Limited continue to disregard a directive to unitise their Afina and Sankofa fields, the Institute for Energy Security (IES) has advised.
In a statement, it said the country stands to lose greatly if the unitisation is...
The Group CEO and MD of GOIL Company Limited, Mr. Kwame Osei Prempeh, has appealed to Ghanaians that they see GOIL as their own and invest in it for positive future returns.
Speaking at the commissioning of an ultra-modern Zonal Office at Kpone near Tema, Mr. Osei Prempeh said critical...
The Tema Oil Refinery (TOR) is determined to replace its damaged furnace by the fourth quarter, which will return the refinery to the name plate capacity of 45,000 barrels per stream day (BPSD), along with other strategic steps to revitalise the company.
Contrary to recent media publications that the refinery...
Only 10 percent of companies operating along the entire upstream oil and gas value chain are insured locally with the largest chunk getting insured internationally due to the lack of capacity by local insurer, Chief Executive Officer of Glico Group of Companies, Edward Forkuo Kyei, has said.
According to him,...