Deputy Minister of Energy, responsible for Petroleum, Dr. Mohammed Amin Adam, has disclosed that government has decided to pursue an Aggressive Exploration Campaign in a bid to safeguard reserves and sustain production in the upstream oil and gas sector.
Speaking to journalists at the launch of the Petroleum Register, he...
A constitutional and petroleum law expert, Prof. Raymond Atuguba, has questioned the constitutionality of the Petroleum Exploration and Production Act, 2016 (Act 919) which gave rise to the multi-billion-dollar contract recently signed between government and Exxonmobil.
According to Prof. Atuguba, the 1992 constitution vests the management of the petroleum resources...
Charles Darku has appointed Kweku Awotwi as the new Managing Director.
Mr Awotwi is an experienced international business executive with over twenty-five years’ experience working in the energy sector, electricity, oil and gas, as well as the mining and extractive industries, in both the public and private sectors in Africa...
When people who want power blame those wielding it over a world commodity price that they hold no control over, then it defeats common sense. Sometimes, politics make us blame people for society's financial ills even when the reality is so glaring.
Both the government in power and the minority...
The Ghana Oil Company Limited (GOIL), Petroleum Commission of Ghana and Ghana Ports and Harbour Authority (GPHA) Takoradi have expressed confidence in curbing the menace of illegal bunkering that has damaged the country’s oil and gas.
After an inspection by a delegation from the Petroleum Commission at the US$15m Marine...
The National Petroleum Authority (NPA), has expressed displeasure at some groups’ decision to demonstrate against recent increases in prices of petroleum products at the pump by some oil marketing companies.
Following reports of the Chamber of Petroleum Consumers (COPEC) and Industrial and Commercial Workers Union (ICU)’s intended demonstration this week,...
Government has launched a public register of petroleum contracts, agreements, authorisations and permits in a bid to enhance transparency and accountability in the upstream oil and gas sector.
The register, which was curated by senior staff of the Petroleum Commission, is hosted via a web portal and presently contains 17...
Government is set to establish a refinery in Takoradi that will refine 150, 000 barrels of oil per-day, Energy Minister, Boakye Agyarko has revealed.
The “new TOR”, as the Minister terms it, will be will reduce significantly, the amount of oil the country imports to meets its demands, and to...
Implementation of the Cylinder Recirculation Model, which is expected to begin this year, will create an estimated 4,500 new jobs along different levels of the supply chain.
An official statement from the Corporate Affairs Division of the National Petroleum Authority (NPA) said: “Direct job losses are estimated to be about...
Brent reaches highest in five years
Ghana averagely imports more oil that it exports
Ghana will likely hedge its oil imports under a new risk management strategy to keep fiscal consolidation on track as global crude prices recover, a finance ministry source told Reuters on Monday.
Brent crude futures hit...