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Oil & Gas

Ashanti workers’ ultimatum to government on fuel subsidy

Workers in Ashanti have asked the leadership of the Trades Union Congress (TUC) to give government a week ultimatum to restore subsidies on petroleum products. The workers at an emergency meeting in Kumasi pledged to support any line of action taken by their leaders to force the government to rescind …

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Businessman suggests oil profits should be used as subsidy

Mr. Samuel Kwarteng, Managing Director of Samdiana Printing Press, in Sunyani, has called on the Government to use part of profits accruing from oil revenue as subsidy for crude oil imported into the country. Sharing his views on the recent increase in fuel prices in an interview with the Ghana …

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UK wants Ghana to adopt its oil & gas growth model

The UK wants to teach Ghana how it was able to transform Aberdeen through the oil and gas sector. Aberdeen, in the 1960’s has grown from a fishing port to a global centre of excellence in the oil and gas industry and the UK wants Ghanaians to adopt the same …

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Sekondi-Takoradi Council of Labour calls on gov’t to bring back fuel subsidy

The Sekondi-Takoradi Metropolitan Council of Labour on Wednesday called on the government to restore the subsidy on petroleum products to relieve workers of hardship. At an emergency meeting in Takoradi, the Council said workers were finding it difficult to cope with the high cost of living resulting from the withdrawal …

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Tullow says Ghana approves Jubilee Phase 1A plan, work to cost $1.1b

The Ghana government has approved the next phase of development of the Jubilee Phase 1A, according to British oil explorer Tullow Oil Plc January 18, 2012. The approval was made January 9, 2012. In its trading statement today January 18, 2012, the Jubilee operator said “Government of Ghana approval for …

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Over 300 taxis get free fuel in Apam

The Landing Beach Committee at Apam has supported taxi drivers in the area with free petrol worth GH¢4,000. Speaking at a function, after the Committee had supported the taxi drivers at Apam, Ebusuapanyin Kojo Yooyo, a member of the Committee said the gesture was in appreciation of the assistance of …

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Anadarko hits light oil offshore Ghana

Houston-based oil giant Anadarko Petroleum Corporation announced January 18, 2012 it has encountered light oil at the Ntomme-2A appraisal well, located in the Deepwater Tano Block offshore Ghana. The well is located approximately 2.8 miles south of the Tweneboa-3 sidetrack, in approximately 5,675 feet (1,730 meters) of water. The discovery, …

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British Afren finds oil offshore Nigeria, heads to Ghana to drill well

British oil firm Afren Plc says January 17, 2012 that the Okoro East exploration well, offshore south east Nigeria, has made a significant new oil discovery. The gas explorer said it “encountered 549 feet true vertical thickness (TVT) of net oil pay – 41 feet of net gas pay in …

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Reduce fuel price now – Ghana Trades Union tells government

The Ghana Trades Union Congress  (TUC ) has said it does not support Government on the recent fuel price increases, and for choosing to follow the International Monetary Fund in taking such major decision regarding fuel price determination in Ghana. The TUC said: “We would rather sympathise with Ghanaian workers …

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