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...
Mr. Boakye Agyarko, the Minister of Energy, says government has signed an oil exploration contract with the ExxonMobil Company to explore for oil in the Deeperwater Cape Three Points Oilfield because it has the capacity to deliver.
He said government’s policy for the upstream oil industry is to undertake aggressive...
Earmarks US$20m to build a Corporate Head Office
-US$10m to build Operational Head Office in Takoradi
-NDC MPs raise alarm; caution the decision to borrow to fund those projects
A majority voice vote, on the floor of Parliament, Thursday, was enough to ensure the safe approval of the 2018 program of activities...
As part of its sustainability efforts focused on the environment, Vivo Energy Ghana, the company that markets and distributes Shell branded fuels and lubricants has entered into partnership with Environment 360, a Non-Governmental Organisation to roll-out a comprehensive recycling programme dubbed CyClean targeted at basic schools in the James...
Chairman of Africa Business Media Dr. Yaw Akoto has said that Ghana is likely to attract more interest from international oil companies (IOCs) owing to recent developments in the upstream petroleum sector.
“Recently, government signed an exploration contract with the world’s largest oil and gas company, Exxonmobil Corp, to explore...
Local participation in the upstream oil and gas sector will receive a major boost as the regulator, Petroleum Commission, moves to bridge the information gap in the award of procurement contracts through the first ever Local Content Procurement Conference.
The aim of the conference is to provide a common platform...
The Petroleum Commission has given the International Oil and Gas Companies (IOCs) and other service companies, till April 1, to submit every oil contract to the Commission for proper review before they are sealed.
Mr Egbert Faibille Jnr, Acting Chief Executive Officer of the Petroleum Commission (PC), said all IOCs...
Mr. Ernest Owusu-Bempah, Communications Director of Ghana National Gas Company (Ghana Gas) has stated that government, is determined to establish a fertilizer factory at Jomoro District in the Western Region using Isopentane.
“Isopentane is a by-product which has immense importance from the gas plant; the fertilizer factory, is in line...
A policy analyst with the Integrated Social Development Centre (ISODEC), Dr. Steve Manteaw, has been elected to chair the Public Interest and Accountability Committee (PIAC) whilst Dr. Thomas Kojo Stephens, of the Ghana Bar Association (GBA), was elected Vice Chair.
PIAC, established in 2011, under the Petroleum Revenue Management Act...
Ghana’s Parliament has amended the Special Petroleum Tax (SPT) by passing the Special Petroleum Tax Amendment Bill to reduce the tax from 15 percent to 13 percent.
The passage of the amendment now plugs in the SPT levy as a static from the initial arrangement which saw the tax also...