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Oil & Gas

Let’s avoid oil disasters – Buah

Mr Emmanuel Armah-Kofi Buah, Deputy Minister of Energy, said government would ensure that Jubilee Field operators worked within approved rules and internationally accepted standards to prevent disasters. He said the recent oil spill in the Gulf of Mexico and Ghana’s poor record in the mining industry were critical indicators that …

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Expert calls for safety measures to manage fledgling oil industry

The Transport Officer at Tema Oil Refinery (TOR), has underscored the need for Ghanaians to acquire professional education in health, safety and the environment issues, to boost the operations of the oil and gas industry. Mr David Azupio said the logistics network in the oil and gas sector is complex …

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Ghana’s Petroleum Management Bill said to be ‘cut and paste’

Mr Charles Ayamdoo, Director of Anti-Corruption,  Commission on Human Rights and Administrative Justice,(CHRAJ), has described Ghana’s Petroleum Revenue Management Bill (PRMB) as the “cut and paste” versions from international best practice laws on oil management. He said the bill in its current form, does not address the peculiar challenges of …

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Ghana government asked to secure national interest in oil find

The President of Ghana Oil Drilling Academy and Consultancy (GODAC), has asked Government to define a road map on how to achieve the proposed 90 per cent local content in the burgeoning oil industry. Mr Prince Frimpong Donkor, also the Chief Executive Officer of the academy said it is common …

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UNDP promises assistance for Ghana’s oil sector

The United Nations Development Programme has promised to assist Ghana to develop a framework that will ensure that the country’s new found oil will become part of its blessings. In a press release issued following a three-day visit to Ghana of Helen Clark, the UNDP Administrator, it praised the country …

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NGO calls for the construction of oil museum

The Builders of Today Association (BOTA), a Tema-based non governmental organisation (NGO), has underscored the need to build an oil museum at Cape Three Points to assist in the drilling of Ghana’s oil. Mr Nash Olynpio, Consultant to the NGO, in an interview with the Ghana News Agency, said apart …

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Ghana, Kosmos Energy still not settled over Jubilee field

A crucial meeting between the government and Kosmos Energy to deliberate on the latter’s move to sell its stake in the Jubilee Fields to ExxonMobil ended inconclusively in Accra Tuesday. The meeting, which lasted for less than three hours, was intended to allow both parties to carefully study the existing …

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Use oil revenue to develop Ghana’s infrastructure – Dr Sachs

A development economist, Dr Jeffrey Sachs on Tuesday advised Ghana to invest her oil revenue in development projects such as construction of more schools, hospitals, roads and other infrastructure that would benefit all Ghanaians. Speaking at the Millennium Cities Initiative Accra Partners Conference, Dr Sachs said it was important to …

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Is Ghana ready for an oil economy?

Ghana is set to join the world’s league of oil producing countries when commercial production of oil begins in the country in the last quarter of the year. The first 120,000 barrels of oil is expected in November, according to Tullow Oil, the major stakeholder in Ghana’s nascent oil industry. …

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Communities within catchment area should benefit most from Ghana’s oil – EPA

Communities within the Oil drilling catchment areas should benefit most from Ghana’s Oil find, Mrs Sheila Ashong, Programme Officer at the Environmental Protection Agency (EPA) has said. She said: “The people own the resource; therefore they should be involved in every level of decision making with regards to the oil …

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