Category: Oil And Gas
-
IES urges government to act on its ENI/Springfield unitisation directive
The Institute for Energy Security (IES) has charged government to take immediate steps to actualize its directive to Eni Ghana Exploration and Production Limited and Springfield Exploration and Production Limited to unitize the Afina discovery and the Sankofa field. According to the Institute, urgent action is required from government given that time is of essence…
-
Public Safety Bureau wants transportation of petroleum products in Ghana regulated
The Bureau of Public Safety is calling on the various state regulatory agencies to reassess the transportation of petroleum products in the country, following the recent tanker explosion which resulted in the deaths of three people. In an interview with Citi Business News, the Executive Director of the Bureau of Public Safety, Nana Yaw Akwada,…
-
AOMCs call on government to address revenue leakages in petroleum sector
The Association of Oil Marketing Companies is calling on the government agencies to do all they can to address all inadequacies in the petroleum sector which cause the country to lose revenue. According to the association, many of its members who are tax compliant are forced out of business by their non-compliant counterparts offering outrageous…
-
Tema Oil Refinery not on the verge of collapse – Management
The management of Tema Oil Refinery (TOR), has refuted claims that it is on the verge of a shutdown due to debts owed some utility providers in the country. Some media reports had suggested that the Ghana Water Company Limited (GWCL) had cut water supply to TOR for close to a month due to its…
-
Ghana likely to lose if ENI/Springfield impasse ends up in court – IES
Ghana could be the overall loser if the ongoing impasse between ENI Ghana Exploration and Production Limited, and Springfield Exploration and Production Limited, which has led to a delay in the unitization of their Afina and Sankofa oil fields, end up in the International Court of Arbitration. That’s according to the Executive Director of the…
-
Petroleum Commission builds capacity of indigenous companies
Through what has become known to Indigenous Ghanaian Companies (IGCs) as the Ghana Upstream Business Academy, Petroleum Commission and Tullow Ghana Limited (TGL) held the second-in-series of workshops towards enhancing the capacity of SMEs operating in Ghana’s upstream petroleum industry. The objective of the workshop was to create awareness among Indigenous Ghanaian Companies on the…
-
IES wants new evaluator appointed to look into ENI/Springfield impasse
Government is being urged to without delay, introduce a new evaluator to look into the ongoing impasse between ENI Ghana Exploration and Production Limited, and Springfield Exploration and Production Limited, which has led to a delay in the unitization of their Afina and Sankofa oil fields. The directive to unify the two oilfields was given…
-
Don’t fish in restricted zones – Petroleum Commission to fishermen
The Petroleum Commission has appealed to the fishing community to abide by the laws that prohibit them from fishing within marked areas around the country’s oil fields in order to protect their lives as well as avoid any potential damage to the country’s oil fields. The call according to the Commission forms part of efforts…
-
GRA takes on OMCs for not remitting consumer taxes totalling over GHS100 million
The Ghana Revenue Authority on Thursday, May 20, 2021, began an exercise to take on Oil Market Companies (OMCs) that have defaulted in honouring their tax obligations to the state. The exercise saw the GRA partially possessing and locking up assets of some seven oil marketing companies who, cumulatively, owe the state over GHS100 million…
-
COVID-19 affected upstream oil and gas sector in 2020 – PIAC
The Public Interest and Accountability Committee (PIAC) says the outbreak of the COVID-19 pandemic and its associated shocks on the economy and major industry actors proved challenging to upstream oil and gas operations in 2020 compared with 2019. PIAC said the outbreak and effect of the COVID-19 pandemic brought some uncertainties in the global upstream…