The upstream petroleum sector has witnessed remarkable achievements in local content, nine years after the passage of L. I. 2204 and its implementation.
In 2020, for instance, out of a total US$1.3billion of service contracts awarded, US$238million thereof in value terms went to Indigenous Ghanaian Companies (IGC) while US$1.1billion went...
The Ghana Upstream Petroleum Chamber has expressed concern about the impact on foreign investment in Ghana as a result of the ongoing dispute between ENI and its partner VITOL on the one hand and Springfield on the other.
Speaking in an interview with the B&FT, the Chief Executive of the...
First National Bank, one of the leading universal banks in Ghana, will be participating in discussions on enhancing local content for upstream petroleum at this year’s conference in Takoradi in the Western Region. This event is themed ‘Sustaining local content development through enhanced exploration and production activities in the era...
The Western Regional Co-ordinating Council has instituted an annual Western Regional Oil and Gas Excellence Awards Scheme which will be organised in commemoration of First Oil with effect from this year.
A Note issued under the hand of the Western Regional Minister, Hon. Kwabena Okyere Darko-Mensah, observed that “the discovery...
One of Ghana’s leading Oil Marketing Companies (OMC), JP Trustees Limited, has pledged support to the Otumfuo Foundation and its activities, especially toward its educational pursuits.
The Otumfuo Foundation, last week, held the second edition of the Otumfuo Community Reading Challenge (OCRC) to imbibe the spirit of reading in the...
The Tema Oil Refinery (TOR) is yet to resume processing crude oil, eight months after a new Managing Director and Board were appointed.
Jerry K. Hinson, its current Managing Director and board of directors were appointed on March 2, 2022, but eight months on, the Institute for Energy Policies and...
Two of Tullow Oil Plc’s Board Members, Mr. Martin Greenslade and Mr. Mitchell Ingram are undertaking a four-day working visit to Ghana from 8th to 11th November 2022. The visit comes on the back of the Group’s renewed focus to prioritise investments in its producing assets.
The visiting Board Members,...
Oil and gas will remain key to development as the country transitions to cleaner energy sources, the Ghana Upstream Petroleum Chamber has said - calling for incentives to expedite exploration and development of domestic hydrocarbon resources.
It said investment into gas infrastructure, in particular, is needed to optimise domestic gas...
The Ghana Export Promotion Authority (GEPA), under its Youth in Export Programme (YiEP), has oriented 100 youths to undergo training in agricultural production for the export market.
The 100 youths, selected through a competitive process, will receive six months of training in agriculture, arts and crafts, among others, to build...
The National Petroleum Authority (NPA) has said it became unsustainable to keep the subsidy on Residual Fuel Oil (RFO) because it was affecting supply.
It explained that suspending the subsidy on RFO was done to ensure regular supply of the product to industry, since the high price of fuel and...