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    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

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    CBOD calls for a more structured supply of Forex for petroleum products

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    Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    BoG, CSA deepen collaboration to fight cyber threats

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    Intravenous Infusions PLC records 10% growth in profit in 2021

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Producer Price Inflation rises again to hit 33.5% in May 2022

    #CitiBusinessFestival: Garment industry needs financial support to thrive – Cyndex CEO

    Ghana tops list of countries with cheapest cost of electricity in West Africa

  • TECHNOLOGY

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

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    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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No positive COVID-19 case recorded in Ghana’s upstream sector – Petroleum Commission

byEbenezer Afanyi Dadzie
May 18, 2020
in Oil And Gas, Top Stories
CEO of Petroleum Commission, Ghana, Egbert Faibille Jnr.

CEO of Petroleum Commission, Ghana, Egbert Faibille Jnr.

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The Chief Executive Officer of the Petroleum Commission Ghana, Egbert Faibille Jnr, says oil and gas firms operating in Ghana’s upstream industry have taken the necessary precautionary measures amid the COVID-19 pandemic.

According to him, none of the operators has reported a positive case of COVID-19, as they have taken steps to reduce numbers offshore, while remaining productive.

Speaking to Citi Business News during the unveiling of new solar-powered hand-washing machines procured by the Commission to be used within its premises, Mr. Faibille said even though companies operating on Ghana’s offshore fields have cut down the number of personnel particularly non-essential workers, that will not have a significant impact on production and general output.

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“Upstream, so far I am able to report that the companies, such as Tullow, ENI, the Modecs operating the FPSOs and what have you, no report of COVID has come to us. And I think that it’s because the companies have taken the issues seriously and are following the protocols. They’ve gotten a lot of non-essential staff to come on shore, and so I think that the numbers off-shore have gone relatively low just to ensure that COVID does not come offshore.”

“For the companies that are producing oil, there’s no effect on production, production is on course” he noted.

Mr. Faibille said “The Petroleum Commission is in discussions with some oil companies who intend to review their forecasts and projections due to the effects of the pandemic on their operations”.

“The various companies will thus come up with justifications to be sent to the Ministry of Energy for evaluation and final approval,” he added.

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