Tag: Benjamin Boakye
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Find out why Exxonmobil, BP pulled out of bidding rounds–ACEP demands
The Africa Center for Energy Policy (ACEP) has charged the Ministry of Energy to undertake some serious introspection to find out why big companies like ExxonMobil and British Petroleum, (BP) pulled out of the competitive bidding process for the 3 oil blocks put on offer by the Government. Out of the 14 companies that were…
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Stakeholders disappointed with low number of bids for new oil blocks
Stakeholders in the oil and gas sector have expressed their disappointment in the low number bids submitted for the 3 oil blocks put up for competitive bidding by the Government. At the close of the submission date for bidding yesterday, only 3 bids were submitted. Tullow Oil bid for block 3, ENI and Vitol jointly…
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ACEP demands immediate review of 13 petroleum agreements
The Africa Center for Energy Policy (ACEP) has urged government to, as a matter of urgency, review all existing Petroleum Contracts and their deliverables to ensure that companies who are not complying with their contracts are sanctioned appropriately. According to ACEP, out of the 15 active Petroleum Agreements, beyond the producing fields of Jubilee, TEN…
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Fuel transport: ACEP proposes utilization of pipelines
The African Centre for Energy Policy (ACEP) wants the mandate of the Bulk Oil Storage and Transportation Company, BOST to be reviewed to deepen its storage capacity. ACEP explains that this should help in finding a lasting solution to the intermittent challenges associated with fuel transportation in Ghana. The comment also follows the sit down…
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Cancel non functional oil blocks – ACEP to government
The Africa Center for Energy Policy (ACEP) has called for a review of contracts that are given to companies that are mandated to drill oil in the country. According to the Executive Director of ACEP, Benjamin Boakye, such a move is necessary as most companies that have signed contracts with Ghana after its oil discovery…
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ACEP demands swift passage of mineral revenue management law
The African Centre for Energy Policy (ACEP) wants the government to make do its promise of passing the Mineral Revenue Management Law to track revenue made in the mining sector. The government is yet to pass the law almost two years into its administration. A development, ACEP believes raises concerns on the future of investments…