Co-chair of the Ghana Extractive Industry Transparency Initiative (GHEITI), Dr Steve Manteaw, has called on the government to bring some predictability to the regulations governing the operations of companies in the oil sector.
Former Deputy Energy Minister John Abdulai Jinapor has revealed that investors in the petroleum sector are avoiding Ghana, perceiving it as a “hostile investment destination.”
Players in the Oil and Gas Industry say Artificial intelligence (AI), has the potential to revolutionise Africa’s oil and gas sector by driving innovation across various aspects of the industry.
Crude oil production in Ghana declined for the fourth consecutive year in 2023.
The 2023 Annual Report of the Public Interest and Accountability Committee (PIAC) Report on the use and management of oil revenues launched in Accra yesterday states that Ghana’s share of petroleum revenues for 2023 declined by a 25.65 per cent due to decrease in oil production for the fourth conservative year and lower global prices.
Gross productions from Jubilee reached 93 kbopd (36 kbopd net) while surpassing expectations, TEN yielded 19 kbopd (10 kbopd net). The interim gas sales agreement that is currently in place for Jubilee associated gas has been extended for 18 months at US$2.95/mmbtu with applicable indexation.
Ghana Gas deny reports of CEO under pressure to sign dubious $812 million Ghana Gas Phase 2 contract
The Ghana National Gas Company Limited has denied media reports that its Chief Executive Officer
is being pressured to sign a dubious $812 million Ghana Gas Phase 2 contract.
The implementation of new government policies designed to stabilize Ghana’s currency is having unintended
consequences for many locally-owned oil distribution companies, according to Dr. Patrick Kwaku Ofori.
The CEO of the Chamber of Bulk Oil Distributors (CBOD) says its members are not opposed to the government’s Gold for Oil policy but rather take issue with its skewed implementation.
The Media Foundation for West Africa (MFWA) is set to challenge the Presidency’s refusal to release the complete KPMG audit report on the controversial Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited (SML) contract.