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OCTOBER 10, 2016
The Minister of Petroleum, Emmanuel Armah Kofi Buah has outlined that his outfit is advancing moves for Parliament to pass three new regulations to augment the new Petroleum Exploration and Production Act.

Mr. Buah also explains that the three regulations are expected to strengthen operations in Ghana’s oil and gas sector and ensure value for money.

The three new regulations will border on Petroleum Measurement, Environmental Health and Safety as well as Data Management.

According to Emmanuel Buah the Petroleum Measurement regulation has already been presented while the remaining two, are expected to be laid as the House resumes sitting next Tuesday.

“New regulations are being developed to give effect to the provisions of the new Petroleum Exploration and Production Act. They include the Petroleum measurement regulations which have been finalized and have already been laid before Parliament prior to the recent recess,” he stated.

Mr. Buah added, “It is also expected that two additional regulations on health, safety and environment and data management will be placed before parliament when the House resumes sitting.”

Parliament in August this year, passed the Petroleum Exploration and Production Bill, nine years after commercial exploration of oil in the country.

The law which repealed the PNDC Law 84, is among others expected to align operations of the country’s oil and gas sector with modern and international practices.

Civil societies including the African Centre for Energy Policy (ACEP) and the Ghana Extractive Industries Transparency Initiative (GHEITI), have since lauded the passage of the E&P Bill.

According to them, the move will restore confidence in the country’s oil and gas sector as opportunities will be created for competitive bidding.

But the co-Chair of GHEITI, Dr. Steve Manteaw had called for regulations to facilitate the passage of regulations to guide some provisions such as the discretionary powers of the Minister.

Also, the Chairman of the Parliamentary Select Committee on Mines and Energy, Alhaji Ahamadu Sorogo has hinted that the regulations on the E& P Bill are expected to be completed by end of 2018.




 The burnt supermarket at the filling station. Pictures: Porcia Oforiwaa Ofori


Two persons died when a fire outbreak occurred at the Maxxon Fuel Station Supermarket at Dome in Accra in the early hours of yesterday.

The names of the victims have been given as Magdalene Mensah, 24, and Richard Asante, 19, both employees of Maxxon Fuel Station.

They were asleep in one of the rooms of the supermarket when the incident occurred.

Another employee, identified as Felix Quaye, 26, who was also sleeping in another room, however, survived after managing to jump through a window.

Almost all the items in the supermarket were burnt to ashes.

Personnel of the Ghana National Fire Service (GNFS) are said to have responded to a distress call to put out the fire 30 minutes after they had arrived at the scene.

The GNFS is yet to confirm the cause of the fire, but it is believed to have started from a fridge at the supermarket.


Quaye, in an interview with the Daily Graphic, said when they closed from work at 1 a.m., they switched off all electrical appliances at the supermarket, excluding the fridge and the fans, before going to sleep. 

According to him, about 2:30 a.m., the sound of exploding bottles woke him up.

He said when he came out of the room where he was sleeping, he realised that the place was on fire, for which reason he broke one of the windows and jumped through it.

He said he heard his colleague workers crying for help but before people came around to assist, they had been burnt beyond recognition.

 Manager of the station

The General Manager of the fuel station, Mr Hornsey Odoi, said immediately he was informed about the incident around 3 a.m. yesterday, he called the GNFS for help.

He said even though the service responded immediately, it could not save the lives of the two employees.

 District GNFS Commander

The Commander of the Kwabenya District Office of the GNFS, Superintendent Bright Boafo, said the fire outbreak was reported to the station officers and they went to the scene of the fire. 

He said they put out the fire within 30 minutes of their arrival.

The charred bodies of the dead persons have been deposited at the Police Hospital in Accra.

SEPTEMBER 27, 2016

The oil and gas sector, globally continues to be a major boost for economic growth for countries that are able to effectively manage the resource.

In Ghana, the anticipation wasn’t different after the discovery of oil and the subsequent production in commercial quantities from 2010. For most people, however, the anticipated ability of oil revenues to spearhead development in the country is not so evident, five years on.


The US$3.2billion that has come in as revenues from the sale of oil from the Jubilee Field over the period, for many, has been poorly managed despite the institution of policies and laws to ensure effective management.

Then comes in the Tweneboa, Enyera and Ntomme (TEN) fields in August 2016, ahead of the general elections, which is expected to ramp up production of the country’s oil and subsequently increase its revenues, but management of the revenues continue to be of concern to many.

“With the TEN coming on with 20,000 barrels a day and with ENI to come on with gas in addition, it means there would be an extra revenue that is been anticipated and if it comes, it is going to help improve infrastructure work of whichever political party that wins; so whoever puts it in their manifesto is in the right direction,” the Chairman of the Public Interest and Accountability Committee (PIAC), Professor Kingsley Buah- Bassuah said in an interview on September 22.

Parties on oil

Ahead of the December polls, the various political parties earlier this year, launched their policy positions on the sector, detailing how they will be addressing issues relating to transparency, revenue management and others.

The political parties that launched the policy positions include the governing National Democratic Congress (NDC), the main opposition New Patriotic Party (NPP), the Convention People’s Party (CPP) and the People’s National Convention (PNC).

For the NDC, the enactment of various laws such as the Petroleum Revenue Management Act, 2011 (Act 815), the Petroleum Commission Act, 2011 (Act 821) and the Petroleum Local Content and Local Participation Regulations 2013 (L.I.2204) are to ensure a transparent, effective and efficient natural resource management regime for the oil and gas sector and this would continue beyond the elections.

The NPP, as part of their policy position, said it was going to promote transparency and accountability through legislation as the current level of transparency in the sector was not enough.

For the PNC, the party would ensure that information and public documents, including those related to contracting processes from the oil and gas sector, is made accessible and oil and gas contracts shall be subjected to the Public Procurement Act (PPA).

The CPP, in their position paper, said it was going to develop the institutional capacity of the Ghana Revenue Authority (GRA) to ensure the efficient audit and declaration of revenue from the extractive sector. It would also ensure the passage of the Extractive Industry Transparency Initiative (EITI) Bill, as well as strengthening the institutional capacity of the PIAC to facilitate greater transparency and accountability in the management of the extractive sector revenue.

Implementation is key

Currently, all the parties have proposed policies and institution of Acts to streamline the management of the oil and gas sector, but the impact would be felt when it is implemented to the latter.

The Head of Policy at the Africa Centre for Energy Policy (ACEP), Dr Ishmael Ackah, in an interview said there was the need for political parties to incorporate their visions for the sector into the long term development plan of the country to ensure that these proposed policies are implemented.

It is high time we compute some of those promises especially the ones in the manifestos to be able to hold them accountable to it. We should also try and coordinate with the NDPC so that some of the nice ideas will be factored into the long term plan we are developing, so when they come it doesn’t become only party manifesto they are implementing, but they are implementing a national policy,” he said.

A citizen, Mr Michael Thompson who also shared his perspective on the relevance of oil and gas issues in an election year in an interview said “it is one thing drawing policies and another implementing them without diversions to the latter. The issue of transparency in the disbursement of oil proceeds needs more scrutiny than stated, which brings us to the right to information in this country.”

Expectations ahead of elections

With about two months to election 2016, and campaign of political parties gathering steam, issues pertaining to the oil sector and management of its revenues continue to be on the minds of people.

For Dr Ackah, any government seeking power should be able to clearly state how it would deal with the volatility in oil prices looking at how it could affect government’s budget.

“Oil revenues are a major component of government revenue, so you can see that when there was a shortfall in oil prices, it affected government, and it had to go to Parliament to revise its budget,” he said.

He added, “we want a government that can put in measures to deal with the volatility of oil prices. Any government coming in should have the capacity to deal with the impact of the volatility of oil prices on its revenues.”

Mr Thompson said he expected to hear the political party policies speak on how to channel some of the proceeds into developing a more sustainable energy source for Ghana.

“You see, owing to previous ditching of policies when elected into power, I would like to see more than just policies to enable me decide whom to vote for. What I will need are measures to ensure there are checks to coerce governments to follow through their policies. The more commitment I see, the better my chances of voting for that party,” he said. —GB


SEPTEMBER 26, 2016

gnpc 2

As work on the Gye Nyame Sankofa field reaches 54 percent, the Ghana National Petroleum Corporation (GNPC) has assured that it will work the with the Public Utilities  Regulatory Commission (PURC) to help generate money to refinance the loans used by government as a partner in the project.

The Sankofa field is estimated to hold 204 million barrels of oil and 1.1 trillion standard cubic feet of natural gas.

Speaking at a signing ceremony to provide 700 million dollars guarantee by the World Bank, the CEO of the GNPC, Mr. Alex Mould stated that the main obligation of GNPC is to pay for the gas supplied.

“The signing of the World Bank Security Package Agreements brings into effect GNPC’s obligations under the Gas Sales Agreement. The main obligation of GNPC and the nation is to pay for the gas supplied,” he said.

He stated that GNPC will continue to work with relevant State agencies to ensure that the cash waterfall mechanism being developed by PURC is fully implemented.

“We must therefore work collectively to ensure that the power generated from this gas raises the needed revenue that is dedicated to paying for the gas, and other costs of power supply,” she said.

Mr. Mould pointed out that the nation has an obligation to meet the set of milestones that requires government to put in place infrastructural foundation to meet the first gas on time.

He stated that GNPC will work with Eni and Vitol as well as other State agencies to avoid any disruption to the project schedule.

“GNPC recognizes the expectations of Ghanaians for oil and gas resources to be managed in a manner that ensures maximum benefit to the country,” he said.

He announced that first oil is projected to come on-stream in the third quarter of 2017, while First Gas will follow in the second quarter of 2018.

With investment requirement at US$7.9 billion, Mr. Mould maintained that the project is by far the largest ever single investment in the country.

He stated that the Sankofa Project is one of the few projects around the world that has progressed in spite of the challenging oil and gas environment.

Describing the project as a game-changer in the development of Ghana’s gas industry, Mr. Mould stated that the project is Ghana’s first gas-to-power project, with the capacity to supply reliably gas for more than one-and-a-half decade.

The Sankofa field  

The Sankofa field holds estimated proven hydrocarbon reserves of 204 million barrels of oil and 1.1 trillion standard cubic feet of natural gas.

ENI, the operator, holds a 47.2 percent participating interest in the block while Vitol holds 37.8 percent.

GNPC holds a 15 percent carried interest and 5 percent additional participating interest.

He stated that the project will produce natural gas up to 180 million standard cubic per day.


SEPTEMBER 13, 2016

Outspoken oil and gas consultant, Dr. Steve Manteaw has entreated individuals and groups affected by Ghana’s oil production and activities to claim compensation by going through the petroleum revenue management Act, section 24.

‘Usually in law, when there is such a provision, regulations provide how to access this compensation, so lets wait till the regulations are out and we see how this can be implemented,’ he said.

Dr. Steve Manteaw was speaking to Ultimate News’ Western regional correspondent Emmanuel Ohene Gyan on the sidelines of a three-day training workshop for journalists in Takoradi to amplify oil and gas issues during this year’s general elections organized by Penplusbyte.

Touching on fishermen in the enclave who have been complaining that activities at the Jubilee field has affected their work, he said ‘I think the appropriate framework for dealing with concerns of the fishermen with the environmental, social impact assessment framework, having done this, it requires that the companies produce environmental management plan, if indeed they identify the impact on the fishermen,… there was a certain downplaying of the impact on fishermen and so there was no provision in the environmental management plan, the only avenue opened to the fishermen will be to resort to the court for compensation’.

The Petroleum and Revenue Management Act, section 24 states that individuals, communities and groups who have negatively been impacted as a result of Ghana’s oil production can ask for compensation.


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