The Ghana National Petroleum Corporation (GNPC) announces with pleasure the appointment of Mr. Joseph Abuabu Dadzie as its new Chief Executive. Mr. Dadzie takes over from Mr. Opoku-Ahweeneh Danquah whose term of office ended on 26th April 2024.
PIAC worried about GNPC ‘Cash Calls’ challenges from Joint Venture partners; blames Finance Ministry
The Public Interest and Accountability Committee (PIAC) has expressed worry about the inability of the Ghana National Petroleum Corporation (GNPC) to meet cash calls from Joint Venture partners, causing its partners to lift the corporation’s share of crude oil to defray these costs.
Ghana National Petroleum Corporation (GNPC) could soon become unproductive as it cannot finance its operations due to the government’s failure to settle the unsustainable debts owed to the parastatal organisation.
President Akufo-Addo has named Joseph Abuabu Dadzie the acting Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC), effective Thursday, May 2, 2024.
It is estimated that the total abandonment or decommissioning cost of Jubilee wells, subsea infrastructure, and FPSO in a fully developed Greater Jubilee will amount to approximately US$704 Million
In a notable departure from conventional norms, Opoku-Ahweneeh Danquah, the Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC), is reshaping leadership within the public service. He is spearheading systematic initiatives aimed at revitalising the domestic oil and gas sector.
Baboucarr Njie, Managing Director of the Gambia National Petroleum Company (GNPC), will speak at the Invest in African Energy (IAE) forum in Paris, taking place this May 14-15. Njie is expected to share insights into the investment opportunities across The Gambia’s oil and gas value chain, engaging with global financiers and technology providers to attract capital to its untapped energy prospects.
According to the Bank of Ghana (BoG), Ghana’s Petroleum Holding Fund (PHF) encountered both challenges and opportunities in 2023, reflecting the broader economic trends that influenced crude oil prices and revenue inflows.
The country is expected to fork out approximately US$83.4million by March 31, 2024 as its initial subscription capital to the recently proposed Africa Energy Bank (AEB), which it is seeking to host.
The CEO of the Ghana National Petroleum Corporation (GNPC) has acknowledged the need for a balanced discourse on the challenges and opportunities inherent in the transition towards a net-zero economy, particularly in Ghana and other emerging oil countries.