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Oil & Gas

Aker Energy awards drilling contracts to Maersk, Halliburton and Exceed 

Aker Energy,  the operators of the Deep-water Tano Cape Three Points (DWT/CTP) block offshore Ghana , has entered into contracts for drilling of the Pecan-4A appraisal Well due to spud in the fourth quarter of 2018. The contracts, which were formally awarded to Maersk Drilling, PMD Viking Ghana Limited, Halliburton …

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Tanker drivers embark on sit down strike

Fuel tanker drivers operating at the Tema Oil Refinery (TOR) on Monday embarked on a sit down strike to back their pressure on the National Petroleum Authority (NPA) to enforce the use of the loading manual. The drivers, numbering over 100, parked their tankers and gathered at the forecourt of …

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International market conditions weighing against domestic price of petroleum products – Amewu

Mr John-Peter Amewu, Energy Minister, says international market conditions have weighed strongly against domestic price of petroleum products as international crude oil prices continue to increase and currently estimated at $78 per barrel. He said therefore, apart from the application of the Price Stabilization and Recovery Fund to cushion consumers, …

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Government orders forensic audit into BOST

The Government has ordered forensic audit into the operations of the Bulk Oil Storage and Transport Company (BOST) from the year 2013 to 2018. Mr John-Peter Amewu, Minister of Energy, said this had been necessitated by the financial recklessness uncovered by a Presidential Committee tasked to look at the financial …

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Italian producer Eni is biggest foreign investor in Ghana oil sector in 2017

The oil sector in Ghana received the largest chunk of foreign direct investments in 2017 with Italian oil company, Eni being the biggest foreign investor in the country that year. Ghana became an oil producer in December 2010 three years after the country announced it had found oil in commercial …

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Government will ensure reliable and affordable gas supply – Amewu

Mr John Peter Amewu, the Energy Minister, on Tuesday, assured domestic and commercial power consumers that, government would provide the requisite infrastructure and conducive business environment for Independent Power Producers (IPPs) to meet their power generation capacity. He said energy was an important component in every country’s industrialisation drive and …

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Ghana’s Accelerated Oil and Gas Capacity programme gets a boost

Aker Energy has committed to support Ghana’s Accelerated Oil and Gas Capacity (AOGC) initiative with an amount of $4.5 million, Mr Jan Arve Haugen, Chief Executive Officer of Aker Energy has announced in Stavanger, Norway. He said that amount would be part of its contribution towards the development of Ghana’s …

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Petroleum Commission receives high marks in Norway for successful trade mission

Ghana’s delegation to the just ended 2018 Offshore North Sea (ONS) Conference and Exhibition in Stavanger, Norway, has hailed the trade mission as a huge success – open up new opportunities for investment in the country’s oil and gas sector. Over 40 Ghanaian businesses participated in the four-day global event, …

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Petroleum Commission leads second trade mission to Norway

The Petroleum Commission, Ghana, is leading 40 Ghanaian companies to Stavanger, Norway, one of the world’s largest exporters of oil, to explore oil and gas production opportunities in the upstream sector to help boost Ghana’s sector. The visit, which, coincides with the Offshore North Sea (ONS) Conference, a major petroleum …

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PIAC takes accountability on petroleum revenue to Upper East

The Public Interest and Accountability Committee (PIAC) is embarking on a weeklong accountability and evaluation exercise in five selected Municipal and District Assemblies in the Upper East Region. The Assemblies include: the Kassena-Nankana Municipal, Builsa South, Builsa North, Bongo and Garu districts. The exercise is in fulfilment of the Petroleum …

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