Our attention has been drawn to comments made by policy think-tank the Africa Centre for Energy Policy (ACEP), calling on government to halt its plan to make the Ghana National Gas Company (GNGC) a gas aggregator because it lacks the capacity to do so. In a statement issued in...
Insights from the African Economic Outlook report for 2020 indicate that although the economy of Africa grew at 3.4% in 2019, North Africa accounted for the largest economic output, contributing 44% of economic growth in Africa – the high level of economic growth in the region is mainly attributed...
The second edition of the Ho Technical University GOIL - CIMG Entrepreneurial Marketing and Innovation Awards has been held in Ho in the Volta Region with Miss Evelyn Benyiwaa Yankson emerging Winner. Miss Yankson, an immediate past student of Hospitality and Tourism Management beat off competition from six other student...
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...
Natural gas transporter West African Gas Pipeline Company (WAPCo) has doubled its capacity from an initial 70mmscf per day to 140mmscf per day. According to management, the infrastructural expansion works - which cost some US$3.5million - will enable the company to transport higher volumes of natural gas to VRA, aside...
Minister for Energy, Boakye Agyarko, has indicated that government managed to scale-down the cost for construction of the Ghana National Petroleum Corporation (GNPC) head office from an initial US$76m to US$20m. By negotiating the cost from US$76m to US$20m, government has now been able to make a US$56million saving on...
Puma Energy, a leading multinational oil marketing company in Ghana, has added another branch to its nationwide rollout. The new Pantang retail service station adds to over 80 retail sites nationwide. The Pantang retail service station was officially opened to the public with the ever-present Puma Energy top-tier customer service...
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...
As ministry refuses to provide ABFA data The Public Interest and Accountability Committee (PIAC) has urged Parliament to force the Ministry of Finance to account for the use of the country’s petroleum revenues. This follows the ministry’s refusal to provide half-year data on Annual Budget Funding Amount (ABFA) - the...
Tullow Oil has announced the drilling of two more wells at Jubilee field - oil production and water injector wells – so far this year, in an effort to increase production; which would offset the near‐term production declines. This forms part of Tullow’s new strategy for a multi-well drilling programme...