On the night of Friday October 30, 2020, when the elite in Ghana’s Energy sector gathered to strut their stuff along the corridors of Movenpick Hotel, it was Ghana Grid Company that got the better of the lot. It was a fine evening of backslapping and award giving and...
For years, the oil industry drew in investors with sizable—and regular—returns. Even when oil prices fell, Big Oil found ways to keep paying dividends, even if it had to cut them, which happened only in extreme cases. Now, it is becoming increasingly clear that dividends—and profits—are no longer king....
… as Parliament passes bill
Parliament has passed into law, the Petroleum Hub Development Corporation Bill, 2020 to allow for the establishment of a petrochemical hub in the Western Region of Ghana.
The US$ 60billion project will see the establishment major infrastructure for petrochemical refining and processing, as well as the...
Vivo Energy, the pan-African retailer and marketer of Shell and Engen-branded fuels and lubricants, has held its annual Safety Day across the whole company; reinforcing the importance of Health, Safety, Security, Environment & Quality (HSSEQ) at Vivo Energy.
Safety Day is an opportunity for all employees and contractors at Vivo...
The Ghana Upstream Petroleum Chamber has called on the Chief Executive Officer of the Petroleum Commission and his management team to present a position paper on the relationship between the PC as a regulator and the Upstream Petroleum Companies.
Presenting the paper, the CEO of the Upstream Petroleum Chamber, David...
The attention of the National Petroleum Authority (NPA) has been drawn to a press conference organised by the Ghana National Petroleum Tanker Drivers Union (GNPTDU) on Monday October 19, 2020.
Their grievances centred on five issues as listed below:
National Petroleum Authority (NPA) should approve the 86 Gas filling station...
Government is expected to accrue US$1.56billion as export tax from a US$60billion investment into the establishment of the Petrochemical Hub in the Western Region, a report of the select committee on Mines and Energy on the Petroleum Hub Development Corporation Bill. 2020 has revealed.
According to the report presented to...
...says delays deny state of much-needed revenue
The Africa Centre for Energy Policy (ACEP) has urged government to review exploration contracts of companies that have failed to invest in their oil blocks.
In all, about 12 oil agreements, awarded prior to 2016, are said to be idle. The delay in exploring...
Over 98 contracts worth more than US$389million which were awarded by Aker Energy, AGM, Eni, GOSCO and Springfield from the last quarter of 2019 to the first quarter of 2020 in the upstream sector were cancelled due to the COVID 19 pandemic.
The cancellation of these contracts such as the...
As part of the nation's nuclear energy journey, the government, through the Nuclear Power Ghana (NPG), has procured three Seismic Monitoring Equipment to install at the nation’s four probable site for the establishment of the first nuclear plant, which would be the biggest energy investment since the building of...