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OIL AND GAS STAKEHOLDERS COMMIT TO REVERSE CRUDE OIL DECLINE

OIL AND GAS STAKEHOLDERS COMMIT TO REVERSE CRUDE OIL DECLINE

Stakeholders in the oil and gas sector, including players from the public and private sectors have made recommendations to help reverse the oil production decline recorded over the last four-year period. The recommendations were captured in a communique released at the end a two-day technical consultative workshop to address the issue. The event was organised […]

GHANA’S CRUDE OIL PRODUCTION DIPS – PIAC OBSERVES

GHANA’S CRUDE OIL PRODUCTION DIPS – PIAC OBSERVES

A member of Public Interest and Accountability Committee (PIAC), Mr Constantine K. M. Kudzedi, has warned that Ghana must act quickly to address the steady decline in crude oil production. He revealed that since 2020, crude oil production had been declining by an average of 9.2 per cent annually, largely due to technical and operational […]

PIAC PROPOSES MEASURES TO ADDRESS DECLINE IN CRUDE OIL PRODUCTION IN GHANA

PIAC PROPOSES MEASURES TO ADDRESS DECLINE IN CRUDE OIL PRODUCTION IN GHANA

The Public Interest and Accountability Committee (PIAC), the body set up to monitor the utilisation of petroleum revenue, has suggested measures to deal with the decline in crude oil production in Ghana. To effectively address the decline in crude oil production, PIAC said, Ghana needs a multi-pronged strategy focused on economic diversification, sustainable exploitation of […]

MULTI-PRONGED STRATEGY REQUIRED TO ADDRESS DECLINING OIL PRODUCTION – PIAC

MULTI-PRONGED STRATEGY REQUIRED TO ADDRESS DECLINING OIL PRODUCTION – PIAC

The country must adopt a multi-pronged strategy to efficiently deal with the declining crude oil production. A member of the Public Interest and Accountability Committee (PIAC), Constantine Kudzedzi, made the call and explained that the multiple strategy should be focused heavily on economic diversification, sustainable exploitation of petroleum resources, promotion of renewable energy, and the […]

ACADEMIA-INDUSTRY COLLABORATION NEEDED TO COUNTER OIL DECLINE

ACADEMIA-INDUSTRY COLLABORATION NEEDED TO COUNTER OIL DECLINE

Dean-Faculty of Mechanical and Chemical Engineering, Kwame Nkrumah University of Science and Technology (KNUST), Prof. Francis Kemausuor has called for stronger collaboration between academic research institutions and the oil and gas sector to address the country’s declining oil and gas production. Ghana has witnessed a worrying drop in crude oil production, falling from 71.44 million […]

EXPLORATION OF RESOURCES:  GHANA’S CRUDE OIL PRODUCTION DIPS – PIAC OBSERVES, CALLS FOR URGENT ATTENTION

EXPLORATION OF RESOURCES:  GHANA’S CRUDE OIL PRODUCTION DIPS – PIAC OBSERVES, CALLS FOR URGENT ATTENTION

A member of Public Interest and Accountability Committee (PIAC), Mr Constantine K. M. Kudzedi, has warned that Ghana must act quickly to address the steady decline in crude oil production. He revealed that since 2020, crude oil production had been declining by an average of 9.2 per cent annually, largely due to tech­nical and operational […]

PIAC, PARTNERS HOLD TECHNICAL CONSULTATIVE WORKSHOP ON DECLINING CRUDE OIL PRODUCTION ON OCTOBER 16 & 17

PIAC, PARTNERS HOLD TECHNICAL CONSULTATIVE WORKSHOP ON DECLINING CRUDE OIL PRODUCTION ON OCTOBER 16 & 17

The Public Interest and Accountability Committee (PIAC) in collaboration with its partners – Kwame Nkrumah University of Science and Technology (KNUST), Ministry of Energy (MoEn), Ghana National Petroleum Corporation (GNPC), Petroleum Commission (PC) and Ghana National Gas Limited Company (GNGLC), is hosting a 2-day technical consultative workshop on16th and 17th October 2024 in Accra. The […]

PIAC, CONSTITUENT GROUPS DISCUSS ENHANCING ACCOUNTABILITY IN PETROLEUM REVENUE USE

PIAC, CONSTITUENT GROUPS DISCUSS ENHANCING ACCOUNTABILITY IN PETROLEUM REVENUE USE

The Public Interest and Accountability Committee (PIAC) has engaged representatives from its 13- Constituent Bodies to discuss how to strengthen efforts to deepen public accountability in the management and use of the country’s petroleum revenues at its Annual General Assembly (AGA) in Accra. PIAC, a statutory body tasked with additional public oversight responsibility to support […]

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