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Tag Archives: ExxonMobil

ExxonMobil deal yet to reach Parliament for approval

ExxonMobil-

Citi Business News is learning that government is yet to submit the ExxonMobil deal to Parliament for ratification, three weeks after the resumption of the House. This is however expected to be carried out before the operators could commence exploration activities at the oilfields. The submission of the agreement to Parliament is in fulfillment of Article 268 subsection 1 of ...

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IEA urges transparency in awarding oil contracts

Prof. John Asafu-Adjaye

The Institute of Economic Affairs (IEA) has advocated increased disclosure of oil contracts and licenses if the government is to be transparent with Ghanaians on developments in the oil industry. This follows a latest accountability and transparency index (P-TRAC) report which focuses on the management of Ghana’s petroleum resources. The survey assessed the level of transparency by the government in ...

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Parliament assures critical probe of ExxonMobil deal

Parliament House of Ghana

The Mines and Energy Committee of Parliament has indicated that it will ensure Ghana gets the best out of the deal signed with ExxonMobil. The agreement is expected to be presented to Parliament for ratification when the House resumes. Citi Business News understands that certain key aspects will dominate the deliberation on the agreement. The submission of the agreement to ...

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President charges Exxon Mobil to respect agreed terms

Exxon 5

President Akufo Addo has charged management of Exxon Mobil to respect the terms of agreement signed with the government of Ghana. This follows the signing of an agreement for the oil company to commence operations in Ghana. The agreement which is subject to parliamentary ratification will allow the oil giant to acquire exploration and production rights for the Deepwater Cape ...

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Gov’t signs agreement with ExxonMobil

Energy Minister,Boakye Agyarko with Vice President of ExxonMobil Africa, Pamela Darwin

Government is anticipating increased activities in Ghana’s oil exploration activities with the coming on board of ExxonMobil. The Minister of Energy, BoakyeAgyarko tells Citi Business News the move will also increase government’s revenue from the sector to propel economic growth and transformation. ExxonMobil’s investment in the oil sector becomes the first major one in Ghana following the landmark ruling by ...

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Analysts demand clarity over ExxonMobil agreement

Dr. Steve Manteaw

Some energy sector analysts want government to come clear with the decision regarding direct negotiations with ExxonMobil over the latter’s preparations to start operations in Ghana’s oil industry. They argue that the seeming failure by the Energy Minister to resort to an open bidding process to select ExxonMobil, requires further scrutiny of the deal. The concern comes with some three ...

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ExxonMobil must abide by local content laws – Analyst

ExxonMobil-Nigeria-headquarters

Oil industry analysts want authorities to enforce Ghana’s local content policies as new entrants join Ghana’s oil exploration industry. The comments also follow the commencement of operations of ExxonMobil in Ghana. The company is expected to sign an agreement with the government on Thursday, January 18, 2018, on the development. Citi Business News has been speaking to some industry players ...

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