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.
The project, which started in 2020, is currently about 99 per cent complete.
The GNPC operational headquarters is in fulfillment of a promise the ruling New Patriotic Party (NPP) made to the people of Western Region to help make the region the hub for petroleum and oil and gas industry in Ghana.
Apart from the building, there are also other projects ongoing in the region to ensure that government achieves its aim of making the Western Region an oil and gas hub.
The Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Joseph Abuabu Dadzie, has downplayed the significance of a recent report by the Public Interest and Accountability Committee (PIAC) that revealed a decline in Ghana’s crude oil production.
The Asantehene, Otumfuo Osei Tutu II, has called on the Board and Management of the Ghana National Petroleum Corporation (GNPC) to work as a team to implement effective strategies that will improve the fortunes of the company.
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.
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.