The National Petroleum Authority (NPA) will start full implementation of the Cylinder Recirculation Model (CRM) in September this year, the Authority’s deputy Chief Executive Officer, Perry Curtis Kwabla Okudzeto, has said. The CRM aims to ensure that by 2030, 50 percent of Ghanaians have access to safe, clean and environmentally...
Total petroleum receipts for 2023 have been revised downward from US$ 1,484.47 million to US$ 1,008.65 million, representing a 32 percent decrease owing to falling crude oil prices on the international market. The adjusted average benchmark crude oil price has been revised to US$74.0 per barrel - down from the...
The recent announcement of 'first oil' from the Jubilee South East (JSE) project has sparked excitement and showcased the rewards of committed partnerships with government support. Tullow Ghana, the operator of the Jubilee Oil field, proudly shared a few weeks ago that it had successfully delivered first oil from the...
Total petroleum receipts for the first half of 2023 have dropped by 26.1 percent from the US$731.9million recorded at the end of June 2022 to US$540.4million, according to the latest Ghana Petroleum Funds report by the Bank of Ghana (BoG). The report, released per Section 28 of the Petroleum Revenue...
A delegation from the Namibian Upper House of Parliament has visited the National Petroleum Authority (NPA) to understudy how the Authority regulates Ghana’s petroleum downstream industry. The members of the Parliamentary Committee on Agriculture, Environment and Natural Resources were particularly to understand the petroleum downstream industry in Ghana, specifically areas...
The National Petroleum Authority (NPA) is in collaboration with the country’s security agencies to map out plans to clamp down on fuel smuggling activities on the borders along the Upper East Region. As a result, some staff and personnel of these security services have been positioned at the smuggling hot...
Tullow Oil has announced that gross crude production on the Jubilee field has surpassed 100,000 barrels per day for 2023. This was captured in an operational update to investors on July 17, 2023.According to Tullow Oil, this was after the recent start-up Jubilee South East (JSE) project well was brought...
Crude production by Tullow and joint partners has started offshore the Jubilee South East (JSE) project. The first well in the JSE coming onstream could push up the country’s crude oil output. This will be a significant boost, with the country’s production volumes having been on a downward trend since...
The Minister of Trade and Industry, Kobina Tahir Hammond has paid a working visit to the Sentuo Oil Refinery Ltd. (SORL), touting the project as a good prospect to see to an end Ghana’s refinery problems. The project which is in accordance with government’s “One District One Factory” (1D1F) development...
The Volta Regional Minister, Dr. Archibald Yao Letsa, has pledged to cooperate with the National Petroleum Authority (NPA) to regulate the petroleum downstream industry in the region. He said his support was to enable the Authority to discharge its statutory mandate effectively to ensure consumers of petroleum products get quality...