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Oil & Gas
WAGPCo to review contractual agreement on shipment of West African gas pipelines
The West African Gas Pipelines Company (WAGPCo) has hinted that the contractual agreement with N-Gas Company would be reviewed to accommodate other companies that wished to use the pipelines to ship gas.
N-Gas is the only company that…
FAO tells Ghana, other African oil producers to invest in agric
Ghana, and other oil –producing African nations have been advised to use revenues from the ‘black gold’ to support their agric sectors.
The FAO’s Director-General, José Graziano da Silva, who gave the advise at its Regional Conference…
WANEP to establish coastal platform for Ghana’s oil and gas sector
The West Africa Network for Peacebuilding, (WANEP-Ghana) is to establish a Coastal Platform Committee aimed at promoting dialogue in the oil and gas sector.
Mr. Justin Bayor, Network Coordniator told the GNA at a Regional Information…
No crude at Ghana’s TOR, main plant shut down for 15 days – Report
Ghana has shut down the main crude distillation unit of the Tema Oil Refinery (TOR) after the state-owned refiner run out of crude oil since April 11, 2012, the Reuters news agency reported today April 26, 2012 citing sources at the outfit.…
Petroleum Commission ready to enforce Ghana’s local content provisions – CEO
Dr Kwame Donkor, Chief Executive Officer of Petroleum Commission, has said the Commission would ensure that international oil companies meet the demands of the local content provisions across the broad spectrum of oil exploration and…
British Afren finds ‘no oil’ at Keta block well offshore Ghana
British-based oil firm Afren Plc failed to find oil at its Nunya-1x exploration well in the Keta block offshore Ghana, the company confirmed in a statement April 25, 2012.
Even though the well encountered thick and high quality water…
Norway’s Statoil acquires 35% stake in Hess-operated licence offshore Ghana
Norwegian oil and gas company Statoil will start operating at Ghana’s oil fields following a 35% working interest it has agreed to acquire from the Deepwater Tano/Cape Three Points (DWT/CTP) licence awarded to US company Hess Corporation in…
Ghana expects to make $1b revenue from gas yearly
Ghana is estimated to rake in $1 billion of revenue a year from the gas industry, an amount that can make the country repay the $3 billion Chinese loan facility from the Chinese Development Bank.
Vice President John Dramani Mahama made the…
Tullow hits double-well in West Africa
Tullow Oil Plc on April 19, 2012 announced that the Mercury-2 exploratory appraisal well in Sierra Leone and the Kosrou-1 exploration well in Côte d’Ivoire have both encountered water bearing reservoirs with oil shows.
According to the…
Ghana may lose opportunities as an oil producing country – Goosie Tannoh
Ghana might lose opportunities presented by her new potential as a major gas producing country in the West-African Sub-Region if she failed to resolve the current power challenges, Mr Goosie Tannoh, an Energy Consultant said in Accra on…