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Oil & Gas

Tap Oil drills for oil offshore Accra

Australian oil company, Tap Oil Limited (Tap) has said that it has commenced operations on Ghana’s offshore Accra project in order to find oil. According to information on  its website, Tap Oil Limited begun a 1200 square kilometre 3D seismic survey over the offshore area on January 9, 2011. It …

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Gas Taskforce inspects Osagyefo Badge at Efasu

The National Gas Infrastructure Taskforce has visited the Osagyefo Power Badge at Efasu in the Jomoro District of the Western Region, to acquaint themselves of the gas infrastructural project. The Chairman of the Task Force, Dr Kwesi Botchwey indicated that the Osagyefo badge, a 125mg power plant, was a strategic …

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Ghana can avoid Nigeria’s mistakes in oil sector – Prof. Uwazie

Professor Ernest E. Uwazie of the Centre for African Peace and Conflict Resolution, on Tuesday said Ghana was uniquely positioned to avoid the mistakes that led to the Niger Delta crisis. He said for Ghana to avoid the Niger Delta experience the Government of Ghana must be bold in dealing …

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Exploration for oil intensified at Anyako

Exploration activities have been intensified in the Anyako Lagoon in the Volta Region which has been identified as a potential oil field. A Canadian oil exploration company which has since last year been explor­ing the field has indicated that prelimi­nary findings seem positive. Togbi Tenge Dzokoto Gligui VI, Fiaga of …

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Ghana gets nothing from sold $90m Saltpond oil

The Saltpond Offshore Producing Company Limited (SOPCL) has since 2002 lifted 800,000 barrels of crude oil estimated at 90 million dollars, but has not paid any dividend to the government. The Saltpond oil fields, reactivated in 2002 by SOPCL after being abandoned by various prospecting companies since its discovery in …

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Emerging Natural Gas industry: safety & health imperatives

Despite the relative beneficial attributes of natural gas over coal and oil, it has its own adverse char­acteristics. Considering the quest for Ghana to develop a natural gas industry with the associated gas from the Jubilee Field, it is pertinent to put in place what is necessary to make the …

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Ghana cautioned against corruption of oil

Ghana has been cautioned to take measures to manage the country’s new found oil revenue and use it for development. A Reuters report titled “Risk to Watch in Africa 2011”, says the rise of corruption would be a source of worry for firms that are coming into the country to …

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Tullow Oil hits gas at Tweneboa-3 well

Tullow Oil says Monday that it has hit gas in Ghana, barely one month after it began commercial production of oil in the country. In a press release copied to ghanabusinessnews.com, the leading oil producer in Ghana, Tullow Oil says its Tweneboa-3 appraisal well in the Deepwater Tano licence offshore …

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CPP supports government’s oil collateralization policy

The Convention Peoples Party (CPP) on Saturday marked the 61st anniversary of “Positive Action Day,” with a declaration that “the principle of oil backed loans is not a bad one”. The party, however, noted that a CPP-led government would have selected three distinct areas which will add value to the …

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