Pressure Tech Engineering Limited, a Ghanaian Petroleum Engineering Company has been granted permit by the Petroleum Commission, Ghana to undertake upstream petroleum services in Lifting Inspection, Calibration & Equipment and material supply services, including a hydraulic torque wrench service.
The Rigworld Group (Rigworld, Pressure Tech Engineering, Transatlantic Services, Trans-Atlantic Farms, etc.), has donated assorted items and cash worth GH₵ 10,000.00 to the Christ Faith Foster Home in Frafraha located in the outskirt of Adenta.
The Overseas Private Investment Corporation, the U.S. Government’s development finance institution, today signed a commitment letter for a $20 million direct loan to International Bank Liberia Limited (IBLL) to support lending in sectors such as construction, services, manufacturing, agribusiness, hospitality, and transportation.
The Volta River Authority (VRA) is indebted to the Ghana Gas Company to the tune of over US$350 million for the supply of lean gas for power generation, Dr. George Ajah-Sipa Yankey, the Chief Executive Officer (CEO) of the Ghana National Gas Company (GNGC), has said.
The Africa Centre for Energy Policy (ACEP), a leading energy think-tank in Africa has welcomed the release of final rules by the US Securities and Exchange Commission (SEC) for the implementation of Dodd Frank Section 1504, which require oil, gas and mining companies to disclose payments made to governments of resource host countries.
The 2015 Public Interest and Accountability Committee Report on Petroleum Revenue Management, has cited the Ghana National Petroleum Corporation, GNPC, as overspending its budgetary allocation for 2015 by 49%.
Harith General Partners (Harith) and Africa Finance Corporation (AFC), two preeminent institutional investors based in Africa, have merged their power sector assets, expertise and experience to create a new energy entity combining both renewable and non-renewable power generating assets in Africa.
Ghana’s Minority in Parliament, once again, chastised the management of the Ghana National Petroleum Corporation (GNPC) for what they said was profligate expenditure.
Beneficial Ownership Disclosure which is critical in reducing high level corruption and improving transparency and accountability in the oil and gas sector is conspicuously missing in the current Exploration and Production (E and P) Bill lying before the Parliament of Ghana.
Shareholders of Ghana Oil Company Limited (GOIL) are set to benefit from a 25 percent increase in dividend following a growth in profit after tax of 10.4 percent.
