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Oil & Gas

Ghana crude oil exports yield $484.2 million

Ghana became an oil producer and exporter following the commercial production of oil in the country on December 15, 2010. By the first quarter of 2011, crude oil exports from Ghana was estimated at $484.2 million, the governor of the Bank of Ghana, Mr. Kwesi Amissah-Arthur has said. According to …

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Forum raises concern about abuse of Liquefied Petroleum Gas

Participants at a day’s public forum on the Road Fund in Sunyani, on Thursday suggested the need for the Government to institute measures to check the abusive consumption of liquefied petroleum gas (LPG) by drivers. The participants were unanimous in their view that the trend was defeating the main purpose …

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Tullow Oil to spend $1.5b in Ghana’s oil fields, others this year

Tullow Oil Plc, the majority shareholder in Ghana’s Jubilee oil fields, says its capital expenditure for the year 2011 will be around $1.5 billion. The UK oil explorer indicates that oil wells in Ghana as well as other significant wells in West Africa are expected to receive a substantial share …

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Kosmos Energy to invest $400m in Ghana’s oil fields

Kosmos Energy, one of the oil producers working on Ghana’s Jubilee oil field has indicated that it will make available an amount of $400 million to fund its activities in the oil fields in Ghana. Using its estimated net proceeds of approximately $550.2 million from its public offering sale of 30,000,000 …

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Kosmos Energy to list on Ghana Stock Exchange

Kosmos Energy says it will list its common shares on the Ghana Stock Exchange (GSE). Tullow Oil, another major oil producer in Ghana has also expressed its intentions to list on the GSE. “We intend to apply to list our common shares on the Ghana Stock Exchange”, Kosmos said in …

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Ghana’s $40m Petroleum Landing Jetty project completed

Ghana will soon start operating a new petroleum landing jetty on the Volta Lake at Debre in the Northern region. The $40 million project known as the Debre Marine Works (DMW), constructed by state-owned Bulk Oil Storage and Transportation Company Limited (BOST), is to ensure safe landing and delivery of …

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Jubilee partners to launch travel exhibition

The Jubilee Partners will on Thursday launch a travel exhibition as part of efforts to enhance understanding of the Jubilee Project and of Ghana’s budding oil and gas industry. A statement issued in Accra on Wednesday by the Jubilee Partners said this was in response to the need to deepen …

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Ghana’s oil find should wean it from dependency – EU

The European Union (EU) Delegation in Ghana on Tuesday said if Ghana’s oil find was well developed, the country would be able to wean itself from its dependency on donor funding by 2020. Mr Claude Maerten, Ambassador and Head of Delegation, added that if the current political and economic stability …

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