Oil & Gas

Dr Steve Manteaw, Chairman of the Public Interest and Accountability Committee (PIAC) has appealed to the Government to desist from using the nation’s petroleum resources as collateral for loans. “We should desist from contaminating the crude oil trade with other economic transactions such as loan agreements and the rest. And …

Mr Isaac Osei, Managing Director of the Tema Oil Refinery(TOR), says the country’s refinery must be allowed to refine portions of Ghana’s crude oil for the local market instead of selling all on the international market. Mr Osei noted that at the moment, Ghana National Petroleum Corporation (GNPC) sells  all …

The Ghana National Petroleum Corporation (GNPC) has awarded scholarships to 200 Ghanaian students (170 undergraduates and 30 post graduates) to study medicine in Cuba. The GNPC is sponsoring them in conjunction with the Ministry of Foreign Affairs and Regional Integration (MoFARI) and the Ghana Scholarship Secretariat in collaboration with the …

Mr Osei Gyasi, the Head of Banking Supervision of the Bank of Ghana, has urged banks to meaningfully support growth of the oil sector to create jobs and reduce unemployment in the country. “If the banks have long term adequate capital, as they have now, they will be able to …

Italian oil company Eni says it has made a gas and condensate discovery in a Cape Three Point Block 4 (CTP-Block 4), offshore Ghana. In a press release copied to ghanabusinessnews.com Eni says the well which was drilled on the Akoma exploration prospect, proved an estimated volume between 550 and …

Those who negotiate resource contracts in the name of the Republic must bear in mind that they do so on behalf of the citizenry. “They owe us explanations for what they do with the power we have vested in them.” Dr Steve Manteaw, a policy analyst said this in Accra …

The Third Edition of the Africa Oil and Gas Local Content Sustainability Conference and Exhibition 2019 (ALC) will take place from October 10-11, in Accra. A statement issued by the AME Trade United Kingdom, and copied to the Ghana News Agency, said the Conference is an international event produced and …

Dr Mohammed Amin Adam, a Deputy Minister of Energy in charge of Petroleum, says a total of $95 million was spent between 2013 and 2016 for drilling oil wells but none resulted in the discovery of crude oil in commercial quantities. He said 13 petroleum contracts were signed between the …

IMANI Africa’s analysis of the contractual agreement between the Government and Aker Energy, a Norwegian oil firm, of the Deepwater Tano, Cape Three Points (DWT/CTP) block lacked technical knowledge and understanding of petroleum economics. Mr Peter John Amewu, the Energy Minister, said this when he addressed a news conference in …

Policy think tank IMANI Ghana, Thursday , urged the Government to renegotiate the Aker Energy Petroleum Agreement, saying the country is likely to lose billions of dollars should it go with the current agreement. Mr Kofi Bentil, the Vice President of IMANI Ghana, who made the call at a forum, …