Former Power Minister and Member of Parliament for Pru East Constituency, Dr. Kwabena Donkor, has challenged the National Petroleum Authority (NPA) to investigate suspected anomalies by some Oil Marketing Companies (OMCs) which cause huge losses to the state. According to him, the volumes of fuel lifted by some OMCs do...
The Chief Executive (CE) of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid has reiterated government’s commitment to the implementation of the Cylinder Recirculation Model. Dr. Abdul-Hamid gave the assurance at a meeting with LPG Marketers Association (LPGMC) at the Fiesta Royale Hotel in Accra on Wednesday. “It is not...
The Ghana National Petroleum Corporation (GNPC) has acquired 7 percent commercial interest in both the Jubilee and TEN blocks from Occidental Petroleum (OXY). In a statement, GNPC said the assets were acquired at a price of US$199million effective April 1, 2021 and adds to the state-owned company’s existing Carried and...
Absa Bank Ghana has signaled its commitment to closely collaborate with leading energy companies such as Tullow Ghana, in developing the oil and gas sector. The two companies made headlines late last year when their concerted approach to deal-execution led to the delivery of Ghana’s first ever wholly-owned sea...
The Ghana Oil and Gas Service Providers Association (GOGSPA) has dragged Tullow Ghana Limited before the Accra High Court, Commercial Division, over alleged violation of local content laws. The plaintiff is praying the court to halt the defendant from re-awarding any petroleum contract being executed by indigenous companies to foreign...
The Chief Executive of the National Petroleum Authority, Dr. Mustapha Abdul-Hamid, has said the authority’s goal in the energy sector is to help eradicate energy poverty. In that regard, he said the NPA would engage Cabinet to remove some taxes on LPG to make it more accessible and affordable to...
The National Petroleum Authority (NPA) is developing a framework to regulate the importation, storage, processing and marketing of bitumen in the country. The framework, which will have inputs from the Ghana Standards Authority (GSA), Ghana Highways Authority (GHA) and Customs Division of the Ghana Revenue Authority (GRA), is to streamline...
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...