Ghost Oil-Funded Projects: MoF backs PIAC
Officials from the Ministry of Finance (MoF) have done an independent inspection of oil-funded projects in the Northern Region and have confirmed an earlier assertion by the Public Interest and Accountability Committee (PIAC) that half of those projects are non-existent, Dr Steve Manteaw, has said. Last week, the Steve Manteaw-led PIAC released a report which […]
Petrobras to borrow up to $400M to support procurement from UK suppliers
Brazilian state-owned giant Petrobras has signed a financing agreement with a French bank and a UK export credit agency for up to $400 million as part of its four-year business plan. Petrobras last Thursday signed, through its subsidiary Petrobras Global Trading B.V. – PGT, a finance agreement of up to $400 million with Credit Agricole […]
Ghana and UK strengthen oil and gas sector partnership
United Kingdom (UK) Prime Minister’s Trade Envoy to Ghana, Adams Afriyie, has led a delegation of 18 Scottish companies to sign MOUs that will enable capital investment in Ghana’s oil and gas industry. The partnership is to ensure that the right equipment is used so as to build the capacity of the sector which will […]
Repair works on FPSO Kwame Nkrumah to be completed in December – Tullow
Tullow Oil Plc has announced that it will complete the repair works on the FPSO Kwame Nkrumah on the Jubilee oil fields by the end 2018. This will bring to an end the intermittent shutdowns of the Jubilee FPSO Kwame Nkrumah due to the faulty Turret Bearing which for the last two years have seen […]
No West African country sells petroleum products cheaper than Ghana – NPA boss
The National Petroleum Authority (NPA) has discounted reports that prices of petroleum products in the country are among the steepest in the sub-region. Hassan Tampuli, Chief Executive Officer of the NPA, also dispelled the notion that the occasional increases in petroleum prices by government – as a means of either recouping subsidy losses and clearing […]
Oil Prices Head Higher After API Reports Crude Inventory Draw
The American Petroleum Institute (API) reported a draw of 1.047 million barrels of United States crude oil inventories for the week ending April 13, largely in line with analysts who had anticipated a draw in crude oil inventories of 1.429 million barrels. Last week, the American Petroleum Institute (API) reported surprise build of 1.758 million […]
Five oil companies suspended for failing to declare returns
Five oil companies that under-declared or failed to declare returns on fuel they loaded at the Tema Tank Farm (TTF) this year have been suspended by the National Petroleum Authority (NPA) until they are able to reconcile their figures and revert to the NPA for final determination of their cases. They are Union Oil Ghana […]
Protect NPA boss – COPEC
The state must increase the security of the Chief Executive Officer of the National Petroleum Authority (NPA) Alhassan Tampuli in the wake of arrest of some unregistered vessels, Duncan Amoah, Chief Executive Officer of the Chamber of Petroleum Consumers Ghana (COPEC–Ghana) has said. The Ghana Navy in collaboration with the NPA and the Ghana Ports […]
