MP calls for investigations into sale and disposal of decommissioned Osagyefo Barge
By: Augustus Acquaye Government says it will engage a private entity, Misak Company Limited to formalize an agreement to share the revenue from the sale of the scrap of the decommissioned Osagyefo Power Barge. Deputy Energy Minister, William Owuraku Aidoo told Parliament that the Ministry, through Ghana National Petroleum Corporation, GNPC, partnered Misak to dispose […]
Tema: GNPC to drill exploratory well in the North 1st quarter of 2024
By: Mercy Darko The Ghana National Petroleum Corporation, GNPC, has completed Phase IV of the seismic data acquisition in the northern part of the country. The plan is to drill an exploratory well in the 1st Quarter of 2024. Speaking at the inauguration of GNPC Retired Staff Association in Tema, the Managing Director of GNPC, […]
GNPC must attract foreign investors for value addition
A former Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Tsatsu Tsikata, has asked the Management of the Corporation to actively engage investors to add value to Ghana’s crude oil. He also encouraged the Corporation to increase local content and participation in the oil and gas sector as well as utilisation of appropriate […]
Partially privatise GNPC to curtail excesses in operations
By Dominic Hlordzi The Africa Program Officer of the Natural Resource Governance Institute (NRGI), Mr. Denis Gyeyir is advocating what he termed partial privatisation of the Ghana National Petroleum Corporation (GNPC), to help curtail some excesses in its operations and ensure that it focuses on its core mandate. Speaking with GBC’s Energy News in Cape […]
Petroleum Holding Fund: PIAC urges GNPC to comply with provision in Petroleum Revenue Management Act
By: Seth Eyiah Public Interest and Accountability Committee, PIAC, has reiterated its call on Ghana National Petroleum Corporation, GNPC, to comply with the provision in the Petroleum Revenue Management Act, PRMA, by lodging its direct and indirect revenue into the Petroleum Holding Fund. According to the Committee, GNPC is ”denying other funds such as the […]
Adhere to all provisions under Petroleum Revenue Management Act- PIAC tells GNPC
By Seth Ayiah Public Interest and Accountability Committee PIAC, has reiterated its call on Ghana National Petroleum Corporation, GNPC, to comply with the provision in the Petroleum Revenue Management Act, PRMA, by lodging its direct and indirect revenue into the Petroleum Holding Fund. According to the Committee, GNPC is ”denying other funds such as the […]
Tussle for 7% shares in Jubilee Holdings; GNPC still engaging on way forward – Freddie Blay
There appears to be a tussle between the Ghana National Petroleum Corporation and the Petroleum Oil and Gas Corporation of South Africa (PetroSA) over the seven per cent shares in Jubilee Oil Holding Limited (JOHL) which was formally held by Anadarko Offshore Holding Company. Although the GNPC paid $164 million for the seven per cent […]
GNPC Board Chairman Freddie Blay justifies Petro SA deal
The Board Chairman of Ghana National Petroleum Corporation, GNPC, Freddie Blay has insisted that he did nothing wrong in the Petro SA deal. Mr. Blay is accused by 29 Civil Society Organizations of seeking to offload some of Ghana’s oil interests to South African company, Petro SA and demanded that he resigns or be removed […]
CSOs demand removal of GNPC Board Chair and CEO over controversial stake sale
Some civil society organisations (CSOs) working on extractives governance in Ghana are calling for the immediate removal of Freddie Blay as Board Chairman of the Ghana National Petroleum Corporation (GNPC), and Opoku Ahweneeh Danquah as Chief Executive of the GNPC. The CSOs say their demand stems from the inability of the two to give Ghana […]
PIAC worried about non-payment of Oil Revenue by JOHL into Petroleum Holding Fund
By Dominic Hlordzi The Public Interest and Accountability Committee, PIAC is concerned about the non-payment of over $100,000 million into the Petroleum Holding Fund by the Jubilee Oil Holding Limited in the first half of this year. The amount is the proceeds from the lifting of about 944,000 barrels of crude oil from the oil […]
