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Oil & Gas
Ghana government puts $75m petroleum revenue into Agenda 111 project – PIAC
The Ghana government has since 2021 invested $75 million of petroleum revenue into the Agenda 111 health project, the Public Interest Accountability Committee (PIAC) has revealed.
LPG Price build-up under review – Deputy Energy Minister
The government is reviewing the price build-up for Liquefied Petroleum Gas (LPG) as part of the implementation of the Cylinder Recirculation Model (CRM), Mr William Owuraku Aidoo, a Deputy Minister of Energy, has said.
Ghana mid-year petroleum revenue reaches over $731m of 2021 annual figure
Ghana has recorded $731.94 million for the first half of 2022, representing 93.4 per cent of the 2021 annual petroleum revenue of $783.33 million.
GNPC begins decommissioning of Saltpond Oil Field
The Ghana National Petroleum Corporation (GNPC) will from Monday, September 26, begin the technical decommissioning of the Saltpond Oil Field in the Central Region, Ghana’s oldest oil field.
Ghana earns $3.95b from crude oil exports
The government of Ghana in 2021, received a sum of $3.95 billion from crude oil export, compared to $2.91 billion in 2020 due to higher prices, despite a decline in volume exported. The State accrued total revenue of $66.39 million in 2020…
PIAC engages queenmothers in Savannah Region on petroleum revenue management
The Public Interest and Accountability Committee (PIAC), the statutory body with oversight responsibility over the prudent management and use of petroleum revenues, has engaged Queen Mothers in the Savannah Region to provide updates on how…
BOST records GH¢160m profit after years of losses – Chairman
The Bulk Oil Storage and Transportation Company Limited (BOST) recorded a performance of GH¢160.7 million in profit terms in 2021, against a loss of GH¢291.07 million in 2020.
We have no desire to replace indigenous Ghanaian companies – Tullow Ghana
Tullow Ghana, an oil and gas exploration and production company, has affirmed its commitment to ensure indigenous Ghanaian participation in contracts awarded in accordance with the country’s local content and local participation…
Association sues Tullow Ghana over alleged local content violation
An Accra High Court (Commercial Division) on September 8, 2022, adjourned the hearing of a motion on notice for an interlocutory injunction to restrain Tullow Ghana Limited from re-awarding any petroleum contract being executed by…
Some 28 OMCs owe GRA more than GH¢402m – Auditor-General’s report
Some 28 Oil Marketing Companies (OMCs) have failed to pay a total of GH¢402,049,571.70 as debt owed the Ghana Revenue Authority (GRA), the 2021 Auditor General’s report has said.