The government is hopeful of earning some US$669.4 million from the petroleum sector in 2018, the 2018 Budget and Policy Statement to Parliament, has said.
Presenting the 2018 Budget and Policy Statement to Parliament, the Minister of Finance, Mr. Ken Ofori-Atta, said “the total petroleum revenue for 2018 is estimated...
The West African Gas Pipeline Reverse Gas Flow Project is expected to be ready by second quarter of next year, to ensure free flow of gas from Aboadze to Tema for power generation, Energy Minister, Boakye Agyarko has said.
Currently, gas from oilfields in the western coast only terminates at...
The FPSO Kwame Nkrumah will be shut down in early 2018 to allow for continuation of repair works, Minister of Energy, Boakye Agyarko, has said.
“The repair works on the turret of the FPSO Kwame Nkrumah, also referred to as the Turret Remediation Project (TRP), is being done in two...
Chief Executive Officer of the National Petroleum Authority, Hassan Tampuli, has reiterated the authority’s commitment to promoting a clean environment, as ongoing policy to promote low-sulphur diesel standards are enforced.
He said this when he received this year’s ‘Outstanding Policy’ award from the Climate and Clean Air Alliance at the on-going Climate...
…. yet to submit reports of oil-funded projects to Parliament
The Finance Ministry has been accused of flouting aspects of the Petroleum Revenue Management Act(PRMA) by failing to disclose to Parliament oil funded projects in the country.
According to a member of the Public Interest and Accountability Committee, Dr Steve Manteaw,...
The Chief Executive of the Petroleum Commission, Mr Egbert Faibille Jnr, has warned companies engaged in transfer pricing to stop the practice immediately or face the wrath of the Commission, as such practice impacts the economy negatively.
He confirmed that the Commission is fully aware that most foreign companies in...
Ghana, one of Africa’s democratic standard bearers, is a relative newcomer to the oil sector. Having surpassed oil development’s teething problems, it has remained highly committed not to scaring foreign investors away and keep existing covenants intact. While the nation’s energy outlook is improving, significant challenges remain.
This year saw...
The maximum storage capacity a Liquified Petroleum Gas (LPG) station can have is 20 tonnes, the National Petroleum Authority has directed following the tough stance taken by Cabinet to forestall the deadly gas explosions the nation is becoming ill-reputed for.
Appearing before parliament’s Mines and Energy Committee, CEO of the...
Tullow Oil Plc raised its production guidance on Wednesday, aided by higher output from its TEN and Jubilee fields in Ghana.
The company now expects full-year West Africa net oil production, including production-equivalent insurance payments, to come in at 85,000-89,000 barrels of oil per day (bopd) compared with its prior...
A total of 1,000 Ghanaians will receive training annually as part of the newly launched Accelerated Oil and Gas Capacity Programme (AOGC), President Nana Akufo-Addo, has said.
Two hundred Small and Medium Scale Enterprises (SMEs) will also be provided with the capacity to gain a competitive advantage in the industry...