Oil & Gas

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 …

Nine months before Ghana began commercial production of oil in March 2010, a major challenge to the country’s oil fields was posed by the Ivory Coast. Ghana’s western neighbour laid claim to the location where oil was discovered on February 26, 2010 by a consortium led by Russian oil giant …

Mrs Carolyn Seepersad-Bachan, Minister of Energy and Energy Affairs of Trinidad and Tobago, has ended a three-day visit to Ghana during which she discussed Ghana’s Gas Infrastructure Development Project with Mr Joe Oteng-Adjei, Minister of Energy, and several senior other government officials. A release issued to the Ghana News Agency …

The Ghana National Petroleum Corporation (GNPC) has confirmed to ghanabusinessnews.com that it has an initial 10% interest in a new oil discovery at the Paradise prospect offshore Ghana. The discovery was announced Wednesday April 28, 2011 by New York based oil company Hess Corporation. The company said it has found …

Ghana’s oil production from the Jubilee Oilfields may come to a halt as issues surrounding the funding of the Floating Production Storage and Offloading (FPSO) Kwame Nkrumah vessel still remains unsolved. Commercial production of oil on the fields began on December 15, 2011 when Ghana joined the global league of …

The United States Department of Justice says it will not enforce action for bribery against Kosmos Energy for the oil producer’s conduct in Ghana, the Wall Street Journal reports citing a letter from the Department. According to the publication, Texas-based Kosmos Energy which has a stake in Ghana’s largest oil …

The government has been graded average for its oversight, management and administration of the country’s oil sector. Parliament, the county’s donor partners, oil and gas companies and civil society organizations (CSOs) also received an overall grade of fair, that is, a “C”. The grading was done by the Ghana Civil …

The National Gas Development Taskforce established by President John Evans Atta Mills to review and make appropriate recommendations for the speedy realization of a national gas commercialization infrastructure system, has presented its final report and recommendations to the President at the Osu Castle on Wednesday. A statement signed by Mr …

Ghana Oil Company Limited (GOIL) on Thursday fixed its 42nd Annual General Meeting to June 23 to deliberate on strategic initiatives that should be embarked upon to re-brand the traditional oil giant in the country. In a goodwill message to shareholders on the eve of the Easter festivities, Mr Yaw …

A petroleum institute to be known as “Harvard Marine Petroleum Training Institute” would be established in Takoradi in June to train more youth to work in the oil and gas industry. This will be in pursuance of the local content policy for more local participation in the oil and gas …