The Prempeh letter was reported as saying that the offer to PetroSA was “scandalous” and that GNPC chairman Freddie Blay should “cease and desist immediately” from such offers. Blay had “totally ignored the wider interests” of Ghana, the minister said.
PIAC reported that total petroleum revenues to the government reached $1.43 billion in 2022, the highest on record. However, production declined to 51.76 million barrels in the year, around 142,000 barrels per day, down 6% from 2021.
“It is not related to Aker Energy, and the decision has no implication for Aker Energys plans in Ghana,” he said.
The company is “still very much Ghana owned”, she said. The law requires such companies to be majority Ghanaian owned.
Four companies are due to drill exploration wells in Ghana during the last quarter of this year, according to a government report. The Public Interest Accountability Committee (PIAC) also raised some concerns over tax payments by state-owned Ghana National Petroleum Corp. (GNPC).
A Ghanaian court has ordered the government to halt payments to Eni and Vitol, amidst the ongoing legal dispute with local company Springfield Exploration & Production.
Ghana National Petroleum Corp. (GNPC) has appointed a new acting CEO, Opoku-Ahweneeh Danquah, replacing KK Sarpong.
Ghana’s oil industry has had a fair amount of success in making its case to the local population, but a move onshore risks inflaming tensions.
As majors shift out of mature West African assets, new opportunities may attract large independents to enter the area.
Kosmos Energy and Ghana National Petroleum Corp. (GNPC) have bought out Occidental Petroleum’s stake in the Jubilee and TEN fields.
Ghana has set out plans to borrow up to $1.65 billion to acquire upstream stakes – but NGOs have come out fighting.
Ghana expects to complete talks with its independent power producers (IPPs) by the end of 2021, President Nana Akufo-Addo said during his State of the Nation Address (SONA).
Eni has called for more clarification on Ghana’s order for unitisation of the Sankofa field with Springfield Exploration and Production’s Afina field.