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Browsing Category
Oil & Gas
TOR’s inability to supply enough fuel halts domestic flights
All domestic carriers operating at the Kotoka International Airport (KIA) have been forced to cancel their flights due to a shortage of aviation jet fuel (JET A1).
All four carriers: Antrak, Starbow, Fly540 and Africa World Airlines on…
AGI wants local content in oil & gas contracts
The Association of Ghana Industries has called on government to cede off some of the contracts in the oil and gas sector to local enterprises in order to promote the growth of the local industries.
Nana Owusu-Afari, President of the AGI,…
Ghana earns $107.9m from oil sale fourth quarter 2012
Ghana got $107.9 million as its share of revenue from oil exports in the last quarter of 2012.
That came from 994,646 barrels of crude lifted by the Ghana Group — the Government of Ghana (GoG) and the Ghana National Petroleum Corporation…
Ghana hikes fuel prices
The Ghana government today announced it has increased the prices on fuel between 15-20%
The new prices take effect Sunday February 17, 2013, according to a statement signed by the Chief Executive of the National Petroleum Authority Alex…
Oil company sacks 15 workers for joining union
Fifteen employees of an oil service provider in Takoradi, who opted to form a local union to negotiate for better working conditions have been dismissed by the company.
Their employer, MobiCrane, an organisation that provides crane and…
Ghana to name illegal local firms fronting for foreign businesses in oil sector
The Petroleum Commission (PC) of Ghana would expose indigenous Ghanaian companies that fronted for foreign businesses, which are taking undue advantage of concessions made available for qualified “local content” establishments at the…
Lower taxes from oil companies results in 3.7% tax revenue shortfall for Ghana
Ghana raised an amount of GH¢11.6 billion from taxes during the year 2012, a 3.7% shortfall of the budgeted target of GH¢12.1 billion, according to provisional estimates compiled and released by the central bank February 13, 2013.
A report…
Ghana gets $30m for oil & gas capacity building project
The International Development Association (IDA) has provided a credit facility of $38 million towards an Oil and Gas Capacity Building Project in Ghana.
The project is to improve public management and regulatory capacity while enhancing…
Ghana to set up oil & gas information center
The Ghana government in collaboration with the International Development Association (IDA) is to establish Oil and gas Information Resource Centre (IRC) which would operate as an interactive space for information on the Oil and Gas sector…
Ghana’s Jubilee field produces 55 million barrels of oil end of January 2013
Since commercial production began at Ghana's Jubilee field a little over two years ago, a total of 55 million barrels of oil have been produced, according to lead producer at the field, Tullow Oil.
In its 2012 Full Year Results published…