Oil & Gas

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 …

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 …

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 …

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 …

The Petroleum Commission says Ghana needs an indigenous pool of experienced and highly skilled upstream service companies willing to prioritise, adapt and compete prudently in the oil and gas industry. The Commission is therefore working together with other state actors including; the Registrar General’s Department and the Ghana Revenue Authority …

Ms. Priscilla Antwi Boasiako, a Local Content Officer of the Petroleum Commission, has announced the drafting of a policy aimed at gender mainstreaming into the oil and gas sector. The gender mainstreaming policy document according to her, would ensure increased participation of Women in the energy sector as the country …

Dr Mohammed Amin Adam, the Deputy Minister of Energy, has said the significant progress made by government in gas infrastructure will ensure the full utilisation of the country’s indigenous gas. He said the infrastructure included the completion of phase one of the Takoradi-Tema Interconnection project, which would allow the country …

Mrs Hannah Owusu-Koranteng, the former Chairperson of Civil Society Organisations into natural resources, has called on government to continue the review of the Natural Resources and Environment (NRE) sector to safeguard accountability. She said the review was necessary to ensure the effective utilisation of the revenue that accrued from the …

The Bulk Oil Storage and Transportation Company Limited (BOST) is seeking a capital injection of $150 million to revamp its operations. About $75 million of the funds would be used to upgrade and rehabilitate the company’s infrastructure and the other half would be deployed as working capital. Mr Edwin Nii …

Stakeholders have called on the Ministry of Finance (MoF) to release at least 80 per cent of allocations from the Annual Budget Funding Amount (ABFA) to the Ministries, Departments and Agencies (MDAs) to enable them execute their duties effectively for national development. The call follows a research conducted in beneficiary …