U.S. Ambassador to Ghana Stephanie S. Sullivan joined Buipewura Abdoulai Jinapor II and members of the Global Shea Alliance (GSA) to commemorate Shea Day with a tree planting event within the grounds of the Yagbonwura’s Jakpa Palace in Damongo.
This event is a part of the Action for Shea Parklands...
Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid has assured that his primary objective is to ensure rules and regulations are adhered to by players in the petroleum downstream industry.
According to him, that is the only way the industry will achieve its vision, whilst players enjoy...
Italian oil giant Eni has announced a significant oil discovery on the Eban exploration prospect in Cape Three Points (CTP) Block 4, offshore Ghana. The Eban - 1X well is the second well drilled in CTP Block 4, following the Akoma discovery.
Preliminary estimates place the potential of the Eban–Akoma...
Tullow Oil has announced the drilling of two more wells at Jubilee field - oil production and water injector wells – so far this year, in an effort to increase production; which would offset the near‐term production declines.
This forms part of Tullow’s new strategy for a multi-well drilling programme...
A Hight Court has ordered Italian oil and gas firms ENI and Vitol to set aside 30 percent of oil proceeds from the Sankofa Field in an escrow account, pending the final determination of an application filed by Springfield E&P - a wholly Ghanaian-owned upstream firm.
The two oil companies...
A Commercial High Court has ruled in favour of Springfield Exploration & Production (SEP) Limited to freeze 30% of revenues received by Eni and Vitol from the sale of crude oil from the Sankofa field, which is operated by Eni Exploration and Production Ghana Limited and the subject matter...
The Ghana Cocoa Board (COCOBOD) is planning to electronically pay all its farmers to stimulate the digital economy and also ensure the security of funds, a Deputy Chief Executive Officer at COCOBOD, Dr. Emmanuel Opoku has said.
The move which is expected to be piloted at the coming cocoa season...
...looks to brighter 2021
GOIL Company Limited will pay shareholders GH¢0.045 per share as dividends for 2020, despite the economic downturn caused by the Coronavirus pandemic, its Board Chairman, Kwamena Bartels, has disclosed.
Addressing shareholders at the company’s 52nd Annual General Meeting (AGM) held virtually, Mr. Bartels noted that GOIL’s growth...
Puma Energy Distribution Ghana Limited one of Ghana’s leading Oil Marketing Companies (OMCs) has dropped its price per litre at the pump to GH¢5.99. The reduction, according to the company, is consistent with its commitment to offering value to its customers.
All 84 branches nationwide have as of June 16...
President Akufo-Addo has appointed former Minister for Inner City and Zongo Development, Dr. Mustapha Abdul-Hamid as the new Chief Executive Officer of the National Petroleum Authority (NPA).
He is expected to assume office on July 1, 2021 and will succeed Alhassan Sulemana Tampuli, now a Member of Parliament for Gushegu.
A...