The Parliamentary Select Committee on Energy has appealed to the Ministry of Finance to release GH¢5.6 million to the Petroleum Commission to enable it to establish and operate a world-class data centre. According to the Committee, access to the funds will strengthen the Commission’s capacity to manage critical upstream petroleum data and improve its operations. […]
Russia’s federal budget deficit shrank to RUB607bn ($6.7bn) in the first quarter thanks to high oil prices that pushed up oil and gas revenues by 80%, according to a preliminary estimate of the Ministry of Finance (MinFin).
The Natural Resource Governance Institute (NRGI), in a study, has recommended that the Ghana National Petroleum Corporation (GNPC) undertakes a comprehensive risk assessment of its assets and put in place mitigation plans to respond to transition risks.