Business
Bright Simons writes: Ghana wants to make Norway rich (by $1 billion)
On 30th July 2021, a memorandum from Ghana’s Minister of Energy to the country’s Parliament muddied the waters even further.
DL News
Results for “GNPC”
39 results.
Business
On GNPC-Aker, Bob Hinson Didn’t Look Before He Leaped: Bright Simons
We only ask that they take a bit of time to understand the issues, do the research and then engage so that they can be fair to those of us with perspectives opposed to the stance of their friends at the GNPC. Not too much to ask for,
DL News
Business
Why Ghanaian Activists Oppose a $1 Billion Giveaway to Norwegian Billionaires: Bright Simons
$1.1 billion will go directly to the current Norwegian controllers of the two fields
DL News
General
GNPC-Aker deal: I’ve not taken any bribe, says Haruna Iddrisu
Royalties, tax revenues and profits to GNPC Explorco will amount to about US$6.5 billion in nominal value over 15 years and substantial foreign exchange inflows will accrue to Ghana
DL News
Courts
GNPC: Larry Dogbey challenges KK Sarpong’s appointment as CEO in court
He also wants an order nullifying the appointment of Dr Sarpong as the Chief Executive Officer of GNPC
DL News
General
Auditor General’s report: GNPC breached public procurement law
GNPC signed and awarded five international business contracts between 2015 to 2018 without the necessary parliamentary approval.
DL News
General
Minority to ensure fairness in GNPC transaction
On August 2, 2021, the Minister of Energy, Dr.Matthew Opoku Prempeh laid before Parliament, a request for its approval for the purchase of additional shares by the GNPC Explorco of 37 percent interest in Deep Water Tano/Cape Three Points by...
DL News
Business
GNPC seeks Parliamentary approval for $1.65bn loan to commence oil exploration
Currently, the GNPC is allowed through its GNPC Explorco to participate in the upstream petroleum sector. This means the company can search for potential underground or underwater crude oil and natural gas fields.
DL News
General
ARTICLE: AN OVERVIEW OF A CHANGE IN GOVERNMENT IN GHANA FROM A LAWYER’S LENS: EXPLORING THE IMPORTANCE OF CORPORATE GOVERNANCE IN THE PUBLIC SECTOR
This article discusses the transfer of power from a previous President to a newly elected President and its impact on the appointment of Board members for State-Owned Entities, and the role and importance of Corporate Governance in the publ...
Co-Authored by Lady-Ann Essuman and Verissa Odame-Koranteng
Supreme Court News
Order GNPC to present loan agreements to parliament- Lawyer to Supreme Court
According to him, GNPC's practice of borrowing on its own accord contravenes Article 181(3) and (4) of the 1992 Constitution.
DL News
General
GNPC debunks Auditor-General’s report on breach of public procurement law
“We urge the Auditor-General and his staff to cultivate extreme diligence in their duties to avoid embarrassing themselves and the state entities they audit.”
DL News
Business
GNPC, Petroleum Commission seal deal on Voltaian Basin data
The deal, signed at GNPC’s Training Centre in Accra, sets out a framework for collaboration between the National Oil Company and the industry regulator.
DL News
Business
Revise 41-year-old GNPC law-PIAC
According to the Committee, the Ghana National Petroleum Corporation Law, 1983 (PNDCL 64), is no longer fit for the Corporation’s operations today as well as the nation’s thriving energy sector.
DL News
Supreme Court News
Should all loans by GNPC go before Parliament?; Supreme Court to give judgment May 22
The seven (7) member panel, presided over by Chief Justice, Gertrude Torkornoo fixed this date after listening to the oral submissions of counsels in the matter.
DL News
Courts
Payments to ENI, Vitol: Springfield secures injunction against GNPC, MoE, MoFEP
"I hereby grant the application for interlocutory injunction directed against the third parties herein from making further payments to the Respondents forthwith pending the determination of the application directed at the GNPC and MoE afore...
DL News
Business
GNPC increases shares in TEN and Jubilee oilfields as Anadarko sells 7% stakes
In a related development, sources in the industry say that GNPC, the Ministry of Energy and partners in the Aker/AGM blocks spent the whole week negotiating in Dubai.
DL News
General
Invite interested parties, probe AGM-AKER deal-CSOs to Speaker of Parliament
Early this month, the Ranking Member for the Mines and Energy Committee of Parliament, John Abu Jinapor, issued a statement on behalf of the Minority side in parliament which read in part;
DL News
Supreme Court News
Only petroleum loans exceeding $30m should go before parliament-Supreme Court asserts
The court thus, per a unanimous decision, dismissed a suit by a private legal practitioner, which challenged the constitutionality of that provision of the Petroleum (Exploration and Production) Act, 2016 (Act 919).
DL News
General
CSOs petition Parliament over GNPC’s move to acquire stakes in Aker Energy, AGM Petroleum
The company will form a joint operating company with the two entities and acquire the said stakes at different agreed prices.
DL News
Business
Ghana extends oil licence deal with Tullow, Kosmos, PetroSA & GNPC at $2 billion
Announced on June 4, 2025, the agreement brings together key industry players—Tullow Oil plc, Kosmos Energy, PetroSA, the Ghana National Petroleum Corporation (GNPC), and its subsidiary Explorco—under a unified commitment to deepen investme...
DL News