May 29, 2017// Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year.
Category: Oil & Gas
Ghana Petroleum Revenue Management Act: Back to Basics
Ghana’s Petroleum Revenue Management Act (PRMA) has arguably improved the transparency of petroleum revenue allocation. This is borne out by Public Interest and Accountability Committee (PIAC), Ministry of Finance, Ghana National Petroleum Corporation and Bank of Ghana publications regarding how much petroleum revenues are collected and where they go.
GE to Supply Power Generation Tech for Ghana’s 400 MW Bridge Power Project
Accra, Ghana, May 4, 2017/–GE announced today that it will supply the power generation equipment for the Bridge Power plant project in Tema, Ghana.
NJ Ayuk’s Big Barrels Leads the Way forward to Africa Oil and Gas 2.0
Johannesburg, South Africa, May 3, 2017/–As an exemplary African entrepreneur, NJ Ayuk has intimately witnessed the transformative impact of the oil and gas industry on the continent, being an active player in building countries, shaping economies and its societies.
Ghana: Petroleum Commission Debunks Vile Media Reports
Ghana’s Petroleum Commission debunked media reports doing the rounds that it has involved in corruption, describing the allegations leveled against it and its Chief Executive as unfounded.
AfDB Discloses a $12Bn Power Plan for Africa
The African Development Bank (AfDB) has unveiled plan to invest $12 billion over the next five years under its new electrification programme.
Vivo Energy Ghana Rewards Transporters
Vivo Energy Ghana Limited, the company that distributes and markets Shell branded products and services in Ghana, has awarded deserving Bulk Vehicle Operators (BVOs) and their spouses at its annual Transporters’ Awards for the year 2016.