Tag: Ghana oil and gas
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Ghana oil, gas and energy summit shines spotlight on exploration potential and latest midstream openings
Ghana’s vast hydrocarbon potential and the opportunities for investors to participate in the broader energy sector’s development were highlighted by Harry van Schaick, Managing Editor for Africa, Oxford Business Group (OBG), together with other economic analysts and industry experts recently at the Ghana Oil, Gas and Energy Summit 2022, which took place in Accra between…
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Tullow Ghana committed to skills transfer – Managing Director
Tullow Ghana has reiterated its commitment to skills transfer and the actualisation of the dream of Ghanaian entities acquiring the requisite capacities to lead oil and gas activities with an organic team from Ghana to ensure rapid national development. Speaking during a panel discussion at the 2022 Local Content Conference and Exhibition in Takoradi, the…
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ExxonMobil pulls out of Ghana, abandons oil fields
US oil and gas company, ExxonMobil has pulled out of Ghana, abandoning its exploration activities in the Deepwater Cape Three Point Block in the Western Region. The company in a letter to the Minister of Energy, Matthew Opoku Prempeh, copied to the Petroleum Commission and Ghana National Petroleum Corporation, (GNPC) and sighted by Citi Business…
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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…
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LPG marketers urge government to reconsider increase in gas prices
The Liquefied Petroleum Gas (LPG), Marketers Companies Association of Ghana is asking the government to reconsider the announced 18-pesewa upward adjustment on a kilogram of LPG. According to the association, the tax will further worsen the plight of consumers and subsequently lead to a reduction in the use of the product. The association further indicated…
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Ghana made $5.2 billion oil cash from 2011 to 2020 – Natural Resource Governance Institute
A recent report by the Natural Resource Governance Institute has revealed that Ghana has so far made 5.2 billion US dollars from the sale of crude oil. The report indicated that the amount realized was from the sale of 73 cargos of oil by the Ghana National Petroleum Corporation (GNPC). The report titled “Ghana’s Oil…
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IES predicts marginal stability in fuel prices for 2nd pricing window in July
The Institute of Energy Security, IES, says fuel prices will be marginally stable for the second pricing window for July 2020 across various pumps in the country. According to them, the stability of the cedi against major currencies and a rise in the prices of Gasoline and Gasoil on the international market, will be the…
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Protect Ghanaians from layoffs with local content policy for oil & gas sector – Union
The General, Transport, Petroleum and Chemical Workers Union of the Trades Union Congress, wants government to take a second look at the local content policy for the oil and gas sector, to ensure that Ghanaians are protected from layoffs when production companies face operational challenges. This follows Tullow Oil Ghana’s decision to reduce its workforce…
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Survivors of 2014 offshore helicopter crash petition Petroleum Commission
Two persons who survived the 2014 helicopter crash off the coast of the Western Region have formally petitioned the Petroleum Commission for compensation due them after waiting for about six years without much success. The two, Godfred Amankwah and Ebenezer Ampabeng, who were part of the 8th May 2014 helicopter crash reactivated calls for compensation…