Tag: Petroleum Commission
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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…
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Foreign Direct Investments increase by over 400% in 2020 first half
Foreign Direct Investments (FDI) increased by over four hundred percent for the first half of 2020, figures from the Ghana Investment Promotion Centre (GIPC) has shown. The Foreign Direct Investments increased from US$627.52 million in the first half of 2020 compared to the FDI value of US$123.26 million recorded within the same period last year.…
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98 oil contracts for local firms cancelled due to COVID-19 – Petroleum Commission
The Chief Executive Officer of the National Petroleum Commission, Egbert Faibille Jnr., has disclosed that some 98 contracts worth US$ 389 million have been cancelled due to the impact of COVID-19 on the Petroleum industry. These contracts were awarded by Aker Energy and four other oil companies from the fourth quarter of 2019 to the…
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Petroleum Commission must probe Tullow Ghana’s job cuts – Alex Mould
A former Chief Executive Officer of the Ghana National Petroleum Corporation, GNPC, Alex Mould, is asking the Petroleum commission to probe Tullow Ghana’s decision to lay off Ghanaian workers due to Tullow Oil Plc’s massive disappointments in operations Africa and South America. A fortnight ago, Tullow Ghana announced that it is cutting down its workforce…
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Petroleum Commission urged to engage GSA to standardize oil measurement
Parliament has urged the Petroleum Commission to work with the Ghana Standards Authority, (GSA), to check the measurement of Ghana’s oil meant for export. This follows concerns raised by some civil Society Organizations about the metering system used by multinational companies producing oil in Ghana. After debating the issue on the floor of Parliament, Executive…
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Petroleum Commission meets survivors of 2014 offshore helicopter crash over compensation
The Chief Executive Officer of the Petroleum Commission, Egbert Failbille Jnr., together with other top managers of the Commission, has met the two helicopter crash survivors in Takoradi. The invitation by the Chief Executive to the two survivors follows a Citi News’ report about the non-payment of compensation to the oil workers six years after…
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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…
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Survivors of 2014 LukOil helicopter crash yet to be compensated
Some survivors of the 2014 helicopter crash that killed four petroleum workers off the coast of the Western Region say they have not received any compensation despite the conclusion of investigations into the crash. The four persons who died in the accident which occurred on May 8, 2014, included two Ghanaians, a Nigerian and a…
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80 percent of registered indigenous Petroleum companies not active
Despite the Petroleum Commission’s claim that local content participation in Ghana’s oil and gas sector is improving, it says more than 80 percent of indigenous companies registered with the Commission are currently not operational due to limited capacity. Speaking to Citi Business News on the sidelines of the Local Content Conference in Takoradi, the Business…
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Petroleum Commission to deal with locals fronting for foreign firms
The Petroleum Commission has served notice it will revoke the licenses of local companies that front for especially foreign firms in the petroleum sector. The practice where local companies assume corporate images of foreign ones to enable them access some incentives for their operation has been cited as a major challenge for operators in the…