• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, October 4, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

NRGI Recommends GNPC to Undertake Comprehensive Risk Assessment in Response to Energy Transition

August 21, 2023
Stephen M.CbyStephen M.C
in Extractives/Energy
0
NRGI Recommends GNPC to Undertake Comprehensive Risk Assessment in Response to Energy Transition

The Natural Resource Governance Institute (NRGI), in a study, has tasked the Ghana National Petroleum Corporation (GNPC) to undertake a comprehensive risk assessment of its assets and put in place mitigation plans to respond to transition risks.

This came to light at a stakeholder dialogue organised by the NRGI to share the findings and recommendations from the comprehensive global study on how national oil companies (NOCs) are responding to the energy transition.

NRGI also recommended that the national oil company adopts an investment strategy that ensures it stays afloat in the scheme of new developments.

RelatedPosts

AngloGold Ashanti Completes Primary Listing of Ordinary Shares

AfDB, IFC and SEFA launch First Large-Scale Privately-Financed Solar Project

Gold Fields Plans to Make Decision on Ghana Mine by Early 2024

The study, whichh delved into the responses of national oil companies to the ongoing energy transition, involved 15 NOCs from sub-Saharan Africa, the Middle East, and North Africa, as well as Latin America.

Mr Denis Gyeyir, the Senior Africa Programme Officer at NRGI, speaking at the forum in Accra, said the NOCS played a crucial role in the global energy landscape, as they controlled significant reserves of oil and gas resources and more than half of global oil production. “We’ve recognised other NOCs who are doing different things,” he added.

For instance, the Latin America region was making progress towards becoming a hub where NOCs are transitioning to diversification plans for different activities, including investment in renewable and critical minerals such as lithium.

Historical data on the Ghana National Petroleum Corporation’s Revenue and Expenditure

Mr Gyeyir noted that the NRGI had analysed historical data on the Ghana National Petroleum Corporation’s revenue and expenditure over the past few years to complement its findings and make recommendations for its consideration.

Mr Gyeyir said the reasons for the transition were that human activities such as deforestation and the use of fossil fuels had caused environmental pollution, the release of toxic substances and gases into the atmosphere, and that the climate had suffered as a result.

The stakeholders meeting discussed the gaps in planning around the risk of the global energy transition for oil companies in specific countries that can be used in advocacy efforts; and provided ideas on how better management of transition risks can be achieved in line with what other companies are doing.

The forum agreed on the need for the Ghana Petroleum Commission to consider a review of its Act, including a possible listing of the GNPC or its subsidiary, as a way of addressing the numerous governance issues that hinder its sustainability.

Participants at the meeting were from the Ministry of Energy, the Ministry of Finance, the Petroleum Commission, international oil companies, civil society, and the media.

The energy transition has been referred to as the global energy sector’s shift from fossil fuels such as petrol, diesel, and coal to renewable energy sources like wind and solar.

READ ALSO: The Board And Management Of Media General Congratulates Paa Kwesi Asare

Related Posts

AngloGold Ashanti Completes Primary Listing of Ordinary Shares
Extractives/Energy

AngloGold Ashanti Completes Primary Listing of Ordinary Shares

October 1, 2023
AfDB, IFC and SEFA launch First Large-Scale Privately-Financed Solar Project
Extractives/Energy

AfDB, IFC and SEFA launch First Large-Scale Privately-Financed Solar Project

September 28, 2023
Gold Fields Plans to Make Decision on Ghana Mine by Early 2024
Extractives/Energy

Gold Fields Plans to Make Decision on Ghana Mine by Early 2024

September 23, 2023
Minority Warns Akufo-Addo: Desist from Plans to Collaterize the TEN Field for $431m loan
Extractives/Energy

Minority Warns Akufo-Addo: Desist from Plans to Collaterize the TEN Field for $431m loan

September 20, 2023
Anglogold Ashanti Sells Entire Stake in Gramalote
Extractives/Energy

Anglogold Ashanti Sells Entire Stake in Gramalote

September 23, 2023
Tullow Oil’s Profits Drop in First Half of Year Amidst Volatile Market Conditions
Extractives/Energy

Tullow Oil’s Profits Drop in First Half of Year Amidst Volatile Market Conditions

September 17, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

The Board And Management Of Media General Congratulates Paa Kwesi Asare

Next Post

Bet Tax: It Is Necessary To Tax- NYA Deputy CEO

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
Ghana’s Domestic Debt Balloons As Govt’s Appetite for T-bills Grows
Economy

Ghana’s Domestic Debt Balloons As Govt’s Appetite for T-bills Grows

by Stephen M.COctober 4, 2023
Greater Accra NDC Eyes Five More Seats
General News

Greater Accra NDC Eyes Five More Seats

by Stephen M.COctober 4, 2023
Chairman Wontumi Threatens To Order For The Arrest Of Kennedy Agyapong
General News

Chairman Wontumi Threatens To Order For The Arrest Of Kennedy Agyapong

by Evans Junior OwuOctober 4, 2023
I’ll Fight For Ghana – Efia Odo Vows
Entertainment

I’ll Fight For Ghana – Efia Odo Vows

by Esther Korantemaa OffeiOctober 4, 2023
Enam Hadzide Chastises Sam George For Calling BOG Head Of Security ‘A Watchman’
General News

Enam Hadzide Chastises Sam George For Calling BOG Head Of Security ‘A Watchman’

by Evans Junior OwuOctober 4, 2023
Kwesi Pratt Predicts A Demonstration Spree
General News

Kwesi Pratt Predicts A Demonstration Spree

by Stephen M.COctober 4, 2023
Ghana’s Domestic Debt Balloons As Govt’s Appetite for T-bills Grows
Greater Accra NDC Eyes Five More Seats
Chairman Wontumi Threatens To Order For The Arrest Of Kennedy Agyapong
I’ll Fight For Ghana – Efia Odo Vows
Enam Hadzide Chastises Sam George For Calling BOG Head Of Security ‘A Watchman’
Kwesi Pratt Predicts A Demonstration Spree
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In