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Keta basin oil exploration will affect six districts – Development Institute

Mr. Ken Kinney, Executive Director, the Development Institute (DI) a Non-Governmental Organization has said the proposed Keta basin oil exploration will affect six districts and over 31 per cent of the population of the Volta Region. He said the 31 per cent population would not have any direct benefit from …

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Isaac Osei resigns as TOR MD          

Mr Isaac Osei, Managing Director of the Tema Oil Refinery has announced his resignation from the country’s only Refinery effective January 1, 2020. Mr Osei announcing this at the company’s Carol’s service indicated that he presented his resignation letter to the Chairman of the Board of TOR. He indicated that …

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ACEP engages stakeholders on oil fund disbursement

A research by the Africa Centre for Energy Policy (ACEP) on projects funded from the Annual Budget Funding Allocations (ABFA) of the Oil Revenue has revealed that cost overruns amongst others exist in the sector. Mr Charles Ofori, a Policy Analyst with ACEP, said accountability remains a major challenge in …

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Springfield finds 1.5 billion barrels of oil offshore Ghana

Springfield Exploration and Production (SEP) Limited and its Partners, Ghana National Petroleum Corporation (GNPC) and GNPC EXPLORCO, have announced significant oil discovery following its maiden Afina-1 well drilling campaign in the West Cape Three Points (WCTP) Block 2, offshore Ghana. Springfield has more than doubled its discovered oil in place …

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Mahama deserves credit for indigenous gas utilisation – Buah

Former President John Mahama deserves every credit for indigenous gas utilisation and its associated savings and not President Nana Akufo-Addo, Mr Emmanuel Armah-Kofi Buah, former Minister of Energy has stated. According to him ENI project and the 450 megawatts Karpowership were part of the legacy projects of former President Mahama …

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President commissions gas usage for Karpowership

President Nana Addo Dankwa Akufo-Addo has commissioned the usage of gas from the Atuabo Gas Processing Plant to power the relocated 450 megawatt Karpowership at the Sekondi Naval Base in the Western Region. The conversion of the Karpowership from heavy fuel oil usage to natural gas for power generation is …

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TOR seals deal to process 11 million barrels of crude oil – MD

The Tema Oil Refinery (TOR) has signed an agreement with Woodfield Energy Resources to process 11 million barrels of crude, Mr Isaac Osei, Managing Director of TOR, has said. Mr Osei in an interview with the Ghana News Agency said Woodfield Energy Resources’ long history with the Refinery and its …

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