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Oil & Gas

Ghana’s Jubilee field drives Tullow’s revenues to over $1b, 15 million barrels of oil exported

Oil production from Ghana’s largest oil field, the Jubilee oil field has significantly driven up Tullow Oil’s revenue to over $1 billion, the British oil producer has said in its half-yearly results for the six months ended June 30, 2011. Commercial oil production at the Jubilee field began December 15, …

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Minority blames Government for LPG shortage

The Minority in Parliament, on Tuesday said the shortage of Liquefied Petroleum Gas (LPG) in the country was a failed effort of the Government in solving the problem. The Minority said it was unethical for the Government to blame consumers of the product, particularly taxi drivers, who were only responding …

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Oil and gas trainer praises Ghanaians’ love for education

A trainer in the oil and gas industry has showered praise on Ghanaians’ love for education and this in his view offers a huge opportunity for Lloyd’s Maritime Academy’s local partners Amitlaw Professional Development Centre (APDC). Craig de Savoye, Business Development Manager, Corporate Training of Lloyd’s Maritime Academy and IBC …

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Government committed to utilising oil wealth to reduce poverty – Ayariga

Mr Mahama Ayariga, Deputy Minister of Education, on Monday reiterated government’s commitment to utilise the country’s oil wealth to reduce poverty stressing that there was the need to develop local expertise to manage the prospects in the industry. He was speaking at the launch of two syllabuses of the Chartered …

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Tullow Oil shares plunge – Report

Shares of Tullow Oil plunged Thursday August 18, 2011, Irish publication, the Independent reports. According to the publication Tullow’s shares dropped amidst reports that the oil and gas explorer may cut its production guidance following troubles at a number of its projects this year. Tullow which is listed primarily in …

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Need to manage oil risk properly – Lecturer

For Ghana’s oil and gas to become a blessing or a curse, it will depend on how Ghanaians and stakeholders manage risks associated with the industry, Dr Samuel C.K. Buame, Senior Lecturer, University of Ghana Business School said on Thursday. He said learning from the experiences of other oil and …

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Government urged to partner private sector to set up gas refinery

The Alliance for Accountable Governance (AFAG) on Wednesday urged government to partner a private enterprise to establish a gas refinery besides, the Tema Oil Refinery’s (TOR) operation. AFAG said the establishment of a refinery would help to solve the perennial gas shortages that had bedevilled the country since the first …

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Association of Ghana Industries to set up oil and gas centre to strengthen capacity of SMEs

The Association of Ghana Industries (AGI) is to set up an oil and gas centre in Takoradi to assist in strengthening the capacity of small and medium-scale enterprises to take advantage of the new business opportunities. Mr Samuel Appenteng, Vice President of AGI, who announced this at a workshop on …

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Drivers suggest subsidy on LPG should be removed

Some private and commercial drivers in Sunyani Municipality have appealed to the government to remove the subsidy on Liquefied Petroleum Gas (LPG). The drivers said they preferred buying the gas at the market price rather than the government banning them from using it. They said this when the Ghana News …

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