Category: Oil And Gas
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We remain committed to getting LPG retailers to resume operations – NPA
The National Petroleum Authority (NPA) has assured consumers of its commitment to getting LPG Retailers to resume operations soon. Speaking to Citi Business News, the Communications Manager at NPA, Mohammed Abdul-Kudu, stated that his outfit is working hard to have the issues resolved. He stated that the assurance he could give to the consuming public…
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PIAC urges District Assemblies to ensure effective utilization of petroleum revenues
The Public Interest and Accountability Committee (PIAC), the statutory body with oversight responsibility of the management and use of petroleum revenues has urged managers of the District Assemblies Common Fund (DACF) to prudently manage revenues allocated to them from the Annual Budget Funding Amount (ABFA). The DACF has received more than GH¢32,380,403.91 from the ABFA…
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New GNPC CEO leads delegation to Appo Energy conference in Abuja
The Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Opoku Ahweneeh-Danquah, is today leading a high-powered delegation to a two-day petroleum conference of Chief Executive Officers (CEO’s) of National Oil Companies (NOC’s) of African Petroleum Producers’ Organisation (APPO) in Abuja, Nigeria. The African Petroleum Producers Organisation (APPO) is a 16-member intergovernmental energy organisation…
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Oil futures have slid below $100 as investors brace for recession
Underneath a chaotic global energy market is a dislocation between oil prices on the futures and physical market that appears to have emerged. Oil futures have undergone immense battering recently as fears of a recession come into full force. The global benchmark Brent crude fell below $100 earlier this week, heading for its 5th straight weekly loss and…
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GNPC kicks off Saltpond field decommissioning project
The Ghana National Petroleum Corporation (GNPC) has officially commenced the decommissioning of the Mr. Louie Platform in the Saltpond oil field. The decommissioning project is estimated to last twelve months. Being the first decommissioning project of its kind in Ghana, GNPC, its lead contractor, as well as other relevant stakeholders, showed their readiness to work…
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Oil & Gas Service providers call for enforcement of regular fuel storage tank cleaning rule
To ensure the quality of petroleum products sold at the pumps is not compromised, players in the oil and gas services sector are demanding the strict enforcement of standards and protocols across the value chain. The National Petroleum Authority was established by law to regulate the petroleum downstream industry in Ghana and Benjamin Armstrong, the…
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Patrick Kwaku Ofori to take over from Senyo Hosi as new CEO of CBOD
The Ghana Chamber of Bulk Oil Distributors has announced the appointment of Dr. Patrick Kwaku Ofori as its new Chief Executive Officer. His tenure begins on August 1, 2022. He will be filling the vacancy created by the departure of the Chamber’s founding CEO, Senyo Hosi, who is stepping down after 10 years of meritorious…
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Gov’t of Ghana extends deadline for submission of Aker Energy’s PDO
A little over three years after its initial Plan of Development to facilitate the optimization of the Deepwater Tano / Cape Three Points (DWT/CTP) block was rejected by government, Aker Energy, a leading oil exploration and production company, has been granted an extension by government for the submission of its Plan of Development. That’s according…
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NPA encourages consumers to lodge complaints of foul play at the pump for redress
The National Petroleum Authority is encouraging the public to reach out to its office whenever they have a challenge with products sold to them at the pumps. This according to the NPA will enable it to weed out non-compliant companies in the system. Communications Manager at NPA Mohammed Abdul-Kudus stressed that it was important that…
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Tullow Ghana awards KNK contract to Petrofac as part of transformation project
Tullow Ghana Limited (Tullow), operator of the offshore Jubilee and TEN fields, has awarded a 5-year contract to Petrofac Ghana (Petrofac) to support Operations and Maintenance activities on the FPSO Kwame Nkrumah (KNK). Petrofac is the largest amongst a number of companies, all of which are either indigenous Ghanaian firms or local joint ventures, which…