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Oil & Gas
Energy Ministry to establish LPG distribution points
The Ministry of Energy is to establish Liquefied Petroleum Gas (LPG) distribution points under a pilot project in the Ellembelle District, Mr Daniel Eshun, District Chief Executive, said on Thursday.
He said areas enumerated for the…
Ghana should learn from bitter experience in oil industry – Researcher
Ms Mary Akosua Togbe, a researcher at the Labour Research and Policy Institute, has noted that the late entry onto the oil producers’ map gives Ghana an advantage to learn from the mistakes of other countries.
She said although the oil…
Gov’t payment of TOR debt owed to GCB stabilizes Ghana’s banking sector – S&P
Ratings agency, Standard and Poor’s (S&P) has stated that the payment of arrears owed by the Tema Oil Refinery (TOR) to Ghana Commercial Bank (GCB) has helped stabilized the country’s banking sector.
GCB is said to be one of the…
Ghana government gives PIAC GH¢150,000 since inception
More than one year after the Public Interest and Accountability Commitee (PIAC) was set up, it has received only an amount of GH¢150,000 from the government of Ghana for its work.
But a member of the committee, Mr. Ishmael Edjekumhene says…
Tullow lands $3.5b debt refinancing for major Ghana projects, others
UK oil explorer, Tullow, announced November 7, 2012 that it has closed a $3 billion refinance debt of Reserves Based Lend (RBL) credit facilities.
According to Tullow, this debt refinancing will give the company a solid foundation for…
Tullow expects Jubilee production to exceed 90,000 barrels of oil per day end of 2012
Lead oil producer at Ghana's Jubillee oil fields, Tullow Oil, says it is expecting current production levels at the field to exceed 90,000 barrels of oil per day (bopd) by the end of 2012.
The company also said its operational and…
GNPC will increase participation in petroleum operations – Minister
Dr Joe Oteng, Minister of Energy on Wednesday said government would continue to resource the Ghana National Petroleum Corporation (GPNC) to play a catalyst role to enable it meet Ghana’s financial obligations in an efficient manner.
He…
University of Energy to hold first maiden matriculation
All is set for the maiden matriculation and investiture of the newly established University of Energy and Natural Resources (UENR) at its main campus at Fiapre, near Sunyani November this month.
A total of 150 pioneer students made up of…
Company commended for training youth in oil and gas
Mr Abuga Pele, Executive Director of Ghana Youth Employment and Entrepreneurial Development Agency (GYEEDA), has commended the Goodwill International Group (GIG) for successfully training the youth in oil and gas.
He said “I must commend…
Ghana government abandons PIAC, forcing delay of first half report on oil revenue for 2012
The Ghana government has abandoned the Public Interest and Accountability Committee (PIAC), almost one year after the committee's inauguration.
It appears the government is intent on demoralizing the committee and stalling its work.
The…