Home / Oil & Gas (page 120)

Oil & Gas

Ghana government spends GH¢86.3m on fuel price subsidy

Dr Joseph Oteng Adjei, Minister for Energy, said on Wednesday that this year’s total fuel price subsidy from the Ministry of Finance and Economic Planning is GH¢86,313,969.00. He said the available empirical data shows that government over the years has been subsidising fuel prices. Dr Adjei took his turn to …

Read More »

Let us appreciate oil find as national asset – Minister

Dr Kwasi Akyem Apea-Kubi, Eastern Regional Minister, has urged Ghanaians to appreciate the oil resource as a national asset whose management must be above sectional interests. “In this regard, every Ghanaian must feel the positive blessings of our new found fortune; the oil wealth, he stated. Dr Apea-Kubi said that …

Read More »

Operators of Liquefied Petroleum Gas schooled in advocacy

Members of the Ghana Liquefied Petroleum Gas Operators Association (GLPGOA), have pledged to collaborate with state agencies in finding a lasting solution to the problem of unstable supply and distribution of Liquefied Petroleum Gas (LPG) in the country. This was at the end of a five-day training programme in Tema, …

Read More »

Ghanaians urged to work together to protect oil revenue

Ghanaians have been urged to be vigilant and work together to ensure the protection and efficient utilization of the nation’s oil revenue. Dr Joe Amoako-Tuffuor, Professor of Economics at the Saint Francis Xavier University in Nova Scotia, Canada, said even though, the Oil Revenue Management Law sought to promote transparency …

Read More »

Engineer drowns in crude oil storage tank

Mr John K. Asemaku, Third Engineer on MT Bonsu-Q, a crude oil storage vessel, got drowned in one of the tanks when he attempted to fix a decoupled hose to a pumping machine on Thursday. A statement from Saltpond Offshore Producing Company Limited (SOPCL), owners of MT Bonsu-Q, said: “As …

Read More »

Kosmos Energy raises capital expenditure for Ghana from $400m to $430m

Texas-based oil explorer, Kosmos Energy, says it has budgeted for $430 million for its operations in Ghana for the year 2011. Initially, Kosmos indicated in its S-1 Filing to the US Securities and Exchange Commission that it will invest an amount of $400 million in Ghana for the year. But …

Read More »

EPA ready to deal with oil spillage at Jubilee oil fields

The Environmental Protection Agency (EPA) on Wednesday gave the assurance that it is working in close collaboration with stakeholders to deal with oil spillage from the Jubilee oil fields. Referring to the largest oil spillage that hit the Gulf of Mexico in April 2010, Mr Daniel S. Amlalo, Acting Executive …

Read More »

Global gas flaring down by 9% – World Bank

The World Bank-led Global Gas Flaring Reduction partnership (GGFR) says reductions in gas flaring in several countries helped bring down flaring to 134 billion cubic meters (bcm) worldwide in 2010. Citing the latest satellite estimates data gathered by scientists at the US National Oceanic and Atmospheric Administration (NOAA), the World …

Read More »