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Oil & Gas

New larger FPSO on Tullow’s cards for Ghana oil fields development

Tullow Oil has a larger Floating Production Storage and Offloading (FPSO) vessel on the cards as the oil producing company works on developing its assets in Ghana. Tullow indicated in its 2010 Financial Results that it is focused on optimising the recovery of the light oil discovered at Enyenra and …

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Ghana to lose 3% of GDP to rising oil prices – ODI

The increasing rise in oil prices globally has the potential to negatively affect economic growth of countries in the next two years and developing nations could be hit the hardest. Ghana for instance could lose 3% of its growth, according to Britain’s Overseas Development Institute (ODI). Overall, the ODI which …

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BNI investigates Tema Oil Refinery case

The Bureau of National Investigations (BNI) is investigating allegations that a company paid by Tema Oil Refinery (TOR) for the supply of crude oil was not the actual supplier of the commodity. The investigation, which is at the instance of the government, follows the emergence of a business entity that …

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Jubilee Partners to consider first oil essay competition winners’ proposal

The Jubilee partners at Ghana’s oil fields will be considering proposals made by winners of the first oil national essay competition to make the oil sector beneficial to all Ghanaians especially to those in the Western Region. The winners of the competition who made their presentation during an awards ceremony …

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Offshore West Africa Conference opens in Accra today

Offshore West Africa, the premier and best technical conference and exhibition for offshore industry within the West African Sub-Region, begins in Accra on Tuesday, March 15, 2011. Supported by the Ghana National Petroleum Corporation (GNPC), Offshore West Africa 2011 Conference will bring together stakeholders in the petroleum industry to share …

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GNPC lifts first crude oil from Jubilee field

The Ghana National Petroleum Corporation (GNPC), the state-owned petroleum company and stakeholder in the Jubilee oil field has lifted its first crude oil from the field. Confirming the story to ghanabusinessnews.com on phone today March 10, 2011, Mr. Thomas Manu, the Director of Exploration and Production at the GNPC, said …

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Tullow touts Ghana success as profits soar on oil prices

The UK based oil producer, Tullow Oil’s pre-tax profits soared 361% to $152 million in 2010. Tullow said successful equity placing in 2010, coupled with the planned Uganda farm-down, and the increased cash flow from Ghana, will ensure that the Group remains well funded to execute its exploration-led strategy and …

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14 Ghanaians graduate from training in oil and gas

Fourteen employees of the Exploration and Engineering Departments of the Ghana National Petroleum Corporation (GNPC), on Friday completed the first jubilee up-skill programme in the oil and gas industry. An Initiative of GNPC and supported by Tullow Ghana Limited (TGL), the programme aimed at developing the critical manpower required for …

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Ghana needs Bio-scientists to monitor environment around oil rigs – EPA

The Central Regional Director of the Environmental Protection Agency (EPA), Mr. Kwasi Owusu-Sekyere, observed on Thursday that there is the urgent need for the country to train bio-scientists to effectively monitor the environment of both marine and onshore habitats that are likely to be affected by the oil and gas …

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Tullow finds more oil in Enyenra-2A well in Ghana

Tullow Oil has announced yet another oil discovery in Ghana, Thursday March 3, 2011. In a press release copied to ghanabusinessnews.com, Tullow Oil which holds the largest share in Ghana’s oil industry says the Enyenra-2A appraisal well, in the Deepwater Tano licence offshore Ghana, has successfully encountered oil in excellent …

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