Tag: GNPC
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Ghana’s oil reserve recording steady growth – GNPC CEO
The oil and gas industry having gone through a global slump during the covid pandemic is now on the path of a steady recovery. In the context of the current shift towards a cleaner energy transition, according to Chief Executive Officer of Ghana National Petroleum Corporation (GNPC), O-A Danquah, is to expedite the responsible and…
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Transfer shares held by Jubilee Holdings to GNPC without delay – Minority to govt
The Minority caucus in Parliament, is calling on the Akufo-Addo government to as a matter of urgency transfer shares held by Jubilee Holdings Limited (JOHL) to the Ghana National Petroleum Commission (GNPC). The transfer of shares, the Minority believes will make Ghanaians confident that an appropriate oversight is being exercised on the assets. It said…
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GNPC-PetroSA deal: Freddie Blay threatens to sue CSOs
The Board Chairman of the Ghana National Petroleum Corporation (GNPC) Freddie Blay has threatened to take legal action against some 29 CSOs calling for his resignation over a decision to sell a 50% stake in Jubilee Holdings Limited (JOHL) to PetroSA. In a statement, Mr. Blay also described the call for his resignation, as well…
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GNPC hasn’t signed any deal with PetroSA – Freddie Blay clarifies
Board Chair of the Ghana National Petroleum Corporation (GNPC), Freddie Blay, has refuted claims of a contract being brokered to sell a 50% stake in Jubilee Holdings Limited to South African oil business, PetroSA, despite the significant revenue this interest has for the state. Mr. Blay has been accused by 29 civil society organizations of…
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29 CSOs raise red flags over GNPC – PetroSA deal
The CSO Coalition on Extractive Governance is demanding for the immediate removal of GNPC Board Chairman, Freddie Blay and its CEO, Opoku Ahweneeh Danquah. The demand for their removal comes in light of GNPC’s intention to sell 50% stakes in Jubilee Holdings Limited (JOHL) to PetroSA, despite the substantial revenue potential this interest holds for…
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Increasing Ghana’s Oil and Gas reserves is my priority – GNPC CEO
Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC) Opoku-Ahweneeh Danquah has said, he remains committed in building and sustaining a robust state petroleum entity and won’t be distracted by few dissenting elements within the system. His statement was in a response to a question that he was asked regarding a series of alleged…
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GNPC’s expenditure increased by more than 200% in 2022 – PIAC report
The Ghana National Petroleum Corporation’s expenditure on various line items, mainly administrative expenditure and capital projects, has witnessed significant increases by more than 200 percent, according to the 2022 Annual Report by the Public Interest and Accountability Committee (PIAC) on government’s oil revenue. Despite petroleum revenues recording a historic high in 2022, PIAC recommends that…
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GNPC exploring hydrocarbon prospectivity of Ghana’s Voltaian basin
Ghana National Petroleum Corporation (GNPC) is currently exploring the hydrocarbon prospectivity of Ghana’s onshore sedimentary basin (Voltaian basin). The prosectivity exploration is being conducted under a Reconnaissance license through a mix of geophysical, geological and geochemical techniques. According to the CEO of GNPC Opoku Awheneeh Danquah, the Corporation is looking forward to “crown our efforts…
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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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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…