The decision by the Finance Minister, Ken Ofori-Atta to cap the Ghana Stabilisation Fund at $100 million and the use of excess money from the Fund for other emergency purposes is taking a heavy toll on the fund, an assessment by the Public Interest and Accountability Committee (PIAC) has revealed.
Energy Minister, Dr. Matthew Opoku Prempeh, has reaffirmed Ghana’s strong commitment to promoting clean cooking anchored on its 2030 agenda of 50% of its population having access to Liquified Petroleum Gas (LPG)
Fossil fuel lobbyists outnumber every national delegation but the UAE’s at the Cop27 climate summit and their influence shows – on the sidelines and in the negotiations.
Ecomnews Med, a website specialized in economic affairs in the Mediterranean, has expected achieving a record level of oil and gas revenues in Libya by the end of this year, reaching $37 billion.
Canada and the United States pledged to take further steps to reduce methane emissions from the oil and gas sector at the United Nations Climate Change Summit in Egypt.
The U Field is the deepest gas discovery of the Cluster-2 development, with gas production potential of about 3 MMcmd
ENI has expressed its satisfaction with the decision of the Milan Court of Appeal which, confirming in the first degree, rejected the appeal made by the Nigeria Civil Party aimed at obtaining compensation for the procedure on the acquisition of the OPL 245 block and required Nigeria to pay legal fees.
The Ministry of Petroleum Resources says it has developed a framework for the concessioning of oil and gas pipeline assets.
Permanent Secretary, Ministry of Petroleum Resources, Amb. Gabriel Aduda, disclosed this at a workshop in Abuja.
The Minister of Energy, Mathew Opoku Prempeh has said as the second largest contributor of carbon dioxide emissions, petroleum upstream sector companies must play a significant role in Ghana’s quest to drift towards energy transition.
The Ghana Upstream Petroleum Chamber (GUPC) has unveiled its energy transition position paper to government as the country prepares along the path of energy transition.