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...
Oil retreated late on Thursday as the U.S. dollar rebounded from early losses and strengthened, denting support for the latest crude rally, but tight U.S. supplies limited the commodity’s decline.
The U.S. dollar rose against a basket of currencies .DXY after President Donald Trump said he wanted a “strong dollar.”...
Figures released by the Ghana Statistical Service (GSS) has shown that the Producer Price Index (PPI) ended 2017 with 8.9 percent, representing a 1.8 percentage points increase from the 7.1 percent recorded in November.
The PPI measures the average change over time in the prices received by domestic producers for...
The Minority Spokesperson on Foreign Affairs Hon Okudzeto Ablakwa has lamented government’s inability to use a recent petroleum signing agreement between multinational oil company ExxonMobil and the government of Ghana to highlight the fact that Africa is not a “shithole”.
The Government of Ghana, led by the Minister for Energy,...
Ghana’s latest contract with ExxonMobil Corp for oil exploration in the Deepwater Cape Three Points offshore (DWCTP) oilfield is going to add to a growing list of oil and gas contracts that have been shielded from the public - due to the non-existence of a ‘Petroleum Register’ as required...
Government must clarify its plans for the Saltpond oilfield, following the decision by Ghana National Petroleum Company (GNPC) to halt the de-commissioning process and keep a skeleton staff on the ‘non-operational’ oilfield, Prof. John Gatsi has said.
The Head of Department of Finance, School of Business at the University of...
The Chief Executive of Tullow, Paul Mcdade has said that Tullow delivered strong operational and financial performance in 2017 against the backdrop of continued industry volatility.
According to him, the business is expected to generate free cash flow of $0.5 billion, above expectations, due to high levels of operated production...