Ghana’s crude oil production increased by 10.7 per cent in the first half of 2024 compared to a 13.2 per cent decline in the previous year. The increase from 22,452,078.81 barrels (bbls) in the first half of 2023 to 477.52 bbls in the same period of 2024 was due to the coming on stream of […]
Domestic crude oil production increased by 10.7 percent in first-half 2024, reaching 24.86 million barrels (bbls). The trend, if sustained, will reverse a four-year decline in production volumes, the Public Interest and Accountability Committee (PIAC) has reported. This development marks a sharp turnaround from the 13.2 percent drop recorded during the same period of 2023. […]
Ghana’s crude oil production increased by 10.7 per cent in the first half of 2024 compared to a 13.2 per cent decline in the previous year. The increase from 22,452,078.81 barrels (bbls) in the first half of 2023 to 477.52 bbls in the same period of 2024 was due to the coming on stream of […]
The Public Interest and Accountability Committee (PIAC) has named Constantine K.M. Kudzedzi, a prominent lawyer and advocate, as its new Chairperson for a one-year term. This leadership transition marks a critical juncture for PIAC as it reinforces its mandate to promote transparency and accountability in the management of Ghana’s petroleum revenues. Mr. Kudzedzi, who succeeds […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
