The PetroChallenge competition tested students’ ability to utilise OilSim, an online business simulation to develop students’ understanding of the upstream oil and gas industry.
In financial terms, Ghana received 840.7 million dollars in the first half of the year as against 540 million dollars in the same period last year.
Four major oil companies currently operate in the country, contributing to this revenue stream, which is monitored and reported by the Public Interest and Accountability Committee (PIAC) as part of the Annual Budget Funding Amount (ABFA) from petroleum revenue.
Oil prices fell on Monday after China’s fiscal stimulus measures, announced at the National People’s Congress, failed to meet investor expectations, suggesting limited support for fuel demand.
There has been a 55.6 percent increase in revenue received for the period as a result of higher production, which recorded over 10 percent increase.
This is a result of a prudent governance system and efficient operational practices introduced by the Board and Management of the Company over the past four years.
According to him, the country currently relies on approximately 150 megawatts, leading to ongoing load shedding across major cities, commonly referred to as Dumsor.
The Public Interest and Accountability Committee (PIAC) has called for an urgent need to improve the legal, regulatory and fiscal framework to enhance the country’s investment climate and thereby attract the needed investments in the industry.
Springfield’s $200m Investment Drives Ghana’s Oil Sector Towards New Heights With Afina-1x Appraisal
In a bold step for Ghana’s energy future, Springfield Exploration and Production Limited has initiated a crucial appraisal of the Afina-1x well, aiming to cement its role as a leader in Ghana’s oil sector.
Government could buy petroleum products from Nigeria’s Dangote Oil Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe, the head of the country’s oil regulator said on Monday.