The Public Interest and Accountability Committee (PIAC) 2023 report sheds light on the persistent issue of gas flaring in Ghana’s oil and gas industry. Despite efforts to reduce flaring, the report reveals that Ghana continues to waste significant amounts of associated gas, posing environmental and economic concerns.
The International Arbitration Tribunal in the Eni & Vitol versus Ghana & Ghana National Petroleum Corporation (GNPC) arbitration has issued its final award. Positively for Ghana, the tribunal denied claimants their monetary damages. The claimants initially claimed 7 billion dollars, but they subsequently reviewed it to $915 million plus interest by the end of the proceedings.
When Ghana discovered oil in 2007, some observers predicted the “Dutch Disease” as the variant of the resource curse awaiting the country.
Tullow Ghana Limited (“TGL”) has announced key changes to its leadership team.
After four years as managing director in Ghana, Wissam Al-Monthiry, will be leaving the company at the end of July 2024, to pursue a new career opportunity.
Receipts from crude oil liftings (CAPI and Royalties) in Ghana amounted to $690,282,530.89 in 2023 as
compared with U$1,036,800,383.96 in 2022, representing a decrease of 33.4%, the PIAC has reported.
Crude oil production in Ghana declined for the fourth consecutive year in 2023, the Public Interest and Accountability Committee (PIAC) said recently.
Newcore Gold Ltd. [TSXV-NCAU; OTCQX-NCAUF] has started a 10,000-metre drill program at the 100%-owned Enchi gold project in Ghana, West Africa. The drill program will focus on infill and resource expansion drilling.
The Chamber of Bulk Oil Distributors (CBOD) has endorsed the Ministry of Energy’s new standard for measurements in the oil and gas sector, aimed at enhancing revenue assurance.
In a significant development towards transforming Ghana into a leading petroleum and petrochemical
hub in Africa, the Petroleum Hub Development Corporation (PHDC) has officially signed a US$12
billion agreement with TCP-UIC Consortium
President Akufo Addo has said Ghana is committed to reducing greenhouse gas emissions by some
sixty-four million tonnes of carbon dioxide equivalent (64MtCO2e) by 2030.