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Oil & Gas

Residents of six coastal districts unhappy with oil and gas companies

Data collected by the Western Regional Coastal Foundation (WRCF) has proven that there are perceived dissatisfaction among residents of the six coastal districts on activities of oil and gas operators within these districts. The data collected in the areas of health, economic, sanitation, infrastructure and education with regards to social …

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Energy Commercial Bank extends Initial Public Offer

Energy Commercial Bank Limited has extended its Initial Public Offer (IPO) to November 16, which was expected to end on Friday, November 2, 2018. This follows approval for extension by the Securities and Exchange Commission. A circular by the Ghana Stock Exchange indicates that the listing of all Energy Commercial …

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NPA to conduct integrity assessment of underground petroleum storage tanks

The National Petroleum Authority has announced plans to secure the services of a consultant to conduct integrity assessment of all underground petroleum products storage tanks including pipelines of retail outlets across the country by next year. The Authority had also issued directives for depot operators to ensure that their operations …

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Petroleum Authority says it has cut smuggling of products by 93%

The National Petroleum Authority (NPA) on Wednesday said the stringent measures it instituted to curb smuggling of products has drastically reduced diversion from 30 million litres last year to two million litres as at August, this year. It said the reduction represented about 93 per cent decline and saved the …

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Citizens must see tangible funded oil projects – Report

The Annual Budget Funding Amount (ABFA) of Ghana’s oil contribution to development in agriculture and education in the northern sector should make funded projects visible to citizens, says a SEND-Ghana report. The 2016 report titled: “Oil for citizens: reality or mirage,” was carried out with the support of Oxfam America …

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It’s risky funding free SHS solely with oil money – PIAC

Dr Steve Manteaw, Chairman of the Public Interest and Accountability Committee (PIAC), has said it is risky for Government to rely solely on oil revenue to fund the free Senior High School (SHS) programme. He said the country must diversify its sources of funding for the free SHS programme due …

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Tullow Ghana to drill eight new wells

The management of Tullow Oil Ghana Limited has said it will drill up to eight infill wells in 2019. Mr Kweku Awotwi, the Managing Director, Tullow- Ghana, said the rig agreements gives the company maximum flexibility to optimise the drilling schedule as the wells come on-stream and “we can assess …

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TOR discharges crude oil for refining

The Tema Oil Refinery (TOR) is expected to complete the discharging of about 950,000 barrels of crude oil on Tuesday as it prepares its boilers for refining fuel after several months of shut down. A source at the Refinery told the Ghana News Agency that the discharging of the crude …

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New military base for protection of Ghana’s oil resources – Akufo-Addo

Government has signed a contract for the construction of a Forward Operating Base at Nzulebu in the Western region to enable the Ghana Navy to better protect Ghana’s oil resources, President Nana Addo Dankwa Akufo-Addo has said. Additionally, government in conjunction with the Ghana National Petroleum Corporation, have ordered six …

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President directs review of exploratory and petroleum agreements

President Nana Addo Dankwa Akufo-Addo has charged the Energy Ministry to review critically existing oil exploratory activities and petroleum agreements, as the country moves to ensure efficiency and transparency in the management of its oil and gas resources. Such a review, would determine oil fields that are sub-optimal, and possibly …

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