Crude oil production in the country for first-half (H1) 2023 saw a significant decline, amid various developments and concerns related to petroleum revenues and regulatory compliance.
The country produced a total of 22.4 million barrels (bbls) of crude oil from its three offshore producing fields - Jubilee, Tweneboa, Enyenra, Ntomme (TEN) and Sankofa...
The National Petroleum Authority (NPA) has sanctioned seven petroleum products marketing companies (PPMCs) for illicit distribution of petroleum products.
They are to pay fines for violating the Unified Petroleum Pricing Fund (UPPF) regulations, making false UPPF representations to the Authority and engaging in third-party supplies.
Failure by the affected companies to...
The Ghana Upstream Petroleum Chamber held its annual oil and gas conference and launched the 2023 upstream industry report - a comprehensive up to date documentation on the state of the upstream industry. B&FT spoke to the CEO of the chamber, David Ampofo on some of the key industry...
In keeping with its commitment to local content participation in the oil and gas sector, Tullow has partnered with the Upstream Petroleum Business Academy of the Petroleum Commission (PC) to deliver training to local suppliers in Ghana.
The training, on the theme ‘Closing the Gap Workshop on Reverse Auctions’, was...
GOIL PLC is gearing up to enter the West African bitumen market by introducing innovative products, specifically polymer-modified bitumen (PMB) and bitumen emulsion, as part of the company's ongoing diversification efforts.
The company commenced bitumen production in the last quarter of 2022 after successfully constructing a bitumen terminal and production...
The Ministry of Energy has disclosed that the proposed US$620million Ghana National Petroleum Corporation loan from Lukoil International Trading and Supply Company (LITASCO) SA will be laid before parliament for approval next month.
According to the ministry, the GNPC is seeking the funds and has so far obtained board approval,...
Cocoa producers have emerged as the driving force behind cocoa market premiums as they continue to reap the benefits of a supply crunch, according to the latest International Cocoa Organisation (ICCO)cocoa market report released this month.
The ICCO's report highlights significant differentials in cocoa prices, emphasising that producers are currently...
The Ghana Upstream Petroleum Chamber has held its 2023 Ghana Oil and Gas Conference. The well-attended conference brought together over 500 participants from industry, government, banking, academia and numerous professional services with an interest in oil and gas.
The two-day conference had the theme Prospects and opportunities in the oil...
Dear Mr. Mahama,
I have read your social media post following announcement of the Producer Price of cocoa, it is essential to address certain misconceptions and misinformation which have arisen from that. While advocating for the welfare of our hard-working cocoa farmers is imperative, it is equally important to approach...
A three-day downstream compliance workshop to equip managers and supervisors of oil marketing companies (OMCs) with industry-related information began in Accra on Tuesday.
Organised by the National Petroleum Authority (NPA) Business Development Department, the workshop seeks to improve OMCs’ compliance with the Authority’s regulatory requirements and avoid sanctions.
Opening the workshop,...