Home / Oil & Gas (page 10)

Oil & Gas

Parliament approves over GH¢500m budget for Energy Ministry

Parliament has approved an amount of GH¢500,964,480, being the budget estimates, of the Ministry of Energy for the 2019 fiscal year. The allocation is to help the Ministry implement its programmes and activities for the year 2019. Mr Emmanuel Akwasi Gyamfi, Chairman of the Committee on Mines and Energy, who …

Read More »

GNPC to build operational head office in Western Region

The Chief Finance and Administration Officer of the Ghana National Petroleum Commission (GNPC), Ms Comfort Aniagyei, has said the government would not renege on plans to relocate the operational head office from the Greater Accra Region to the Western Region. She said the government was in the process of acquiring …

Read More »

Tullow Oil says it will pay dividend to government from 2019

Mr Kweku Awotwe, the Managing Director of Tullow Oil Ghana says beginning next year, the company will start paying dividend to the government. This he said, follows the company’s’ ability to service its debts that was in excess of $4 billion in the last twelve months. Mr Awotwe, who announced …

Read More »

Tullow estimates Ghana oil production to go up to 180,000 barrels next year

Tullow-Ghana’s drilling program is targeting a significant growth production from around 147, 000 barrels to 180,000 in 2019. The company was working to strengthen and grow its business in Ghana by tapping into additional exploration opportunities. Mr Kweku Awotwe, the Managing Director of Tullow- Ghana, told the media in Takoradi …

Read More »

$4.5m Oil and Gas Capacity Programme to offer 200 Ghanaians jobs

Under the Accelerated Oil and Gas Capacity (AOGC) Programme $4.5 million has been secured from Aker Energy to push 200 Ghanaians into skilled upstream oil and Gas jobs, Mr Kojo Oppong Nkrumah, Minister of Information, has said. He said the training programme would start in January, 2019, and by December, …

Read More »

Minister accuses oil companies in Ghana of ‘exploiting the system’

Dr Mohammed Amin Adam, Deputy Minister for Energy, has expressed concern about the behaviour of some oil companies who fail to comply with the policies and regulations of local content. According to him some oil companies have specialized in “beating the system”, whilst other rely on local and foreign experts …

Read More »

Upstream petroleum service providers Association of Ghana launched in Takoradi

The Upstream Petroleum Service Providers Association of Ghana ( UPSPAG) has been launched in Takoradi to work with stakeholders in the oil and gas industry to  promote the interest of indigenous service providers and producers. The Association with 12 members has Dr Douglas Zormelo of Zormelo and Associates as the …

Read More »

GOIL consummates partnership with ExxonMobil

The Ghana Oil Company Limited (GOIL) has consummated the joint-operating agreement with EXXONMOBIL of the United States for Deep-water Cape three Points Area Oil exploration. The agreement between GOIL the nation’s foremost indigenous Oil Marketing Company (OMC) and ExxonMobil followed the completion of an elaborate and rigorous due diligence done …

Read More »

88% of gas stations in Kumasi in high risk zone – NPA

The National Petroleum Authority (NPA) says 23 out of the total 26 gas filling stations in the Kumasi metropolis, representing about 88 per cent, are in the high risk zone. Mr. Hassan Tampuli, the Chief-Executive, who announced this said the remaining three also sit in the medium risk zone. For …

Read More »

Allow us to exclude gas revenues worth $181m from petroleum revenues – Minister

The Ministry of Finance has proposed to Parliament to allow it to exclude gas revenues to the tune of $181.80 million from the projected petroleum revenues for 2019, while it devises ways of getting the Volta River Authority (VRA) to pay for the gas supplied it by Ghana Gas. Mr …

Read More »