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Oil & Gas
Ghana Parliament studying Local Content Policy on oil & gas sector
Mr Emmanuel Kofi Armah-Buah, a Deputy Minister of Energy, on Tuesday said Parliament had begun studying the National Local Content Policy aimed at improving Ghanaian participation in the operations of oil and gas companies in the country.…
Government supports NPA’s appeal over high court ruling on deregulation policy
Government on Monday pledged its support to the National Petroleum Authority (NPA) to take the necessary steps to implement the deregulation policy to reflect market conditions.
“It is in this regard that the Government supports the NPA’s…
India eyes Ghana oil stake
India has expressed interest in Ghana’s oil industry, according to officials in the Indian government.
State-owned Indian Oil Corporation (IOC) and GAIL Limited are said to be companies gunning for a stake in Ghana’s oil business.…
Ghana says Jubilee oilfields are safe despite Ivory Coast’s claim of oil border
Ghana's Minister for Foreign Affairs and Regional Integration, Alhaji Muhammad Mumuni, has assured Ghanaians that the Jubilee Oil Field is safe, despite the claim being made by Cote d’ Ivoire to portions of the huge oil wealth.
He said …
Sinopec team arrives December 10 to start work on Ghana gas plant
A team from Chinese firm Sinopec International Petroleum Service will be arriving in Ghana beginning December 10, 2011 to start initial works on the country’s gas plant linked to the Jubilee Oilfields, an official at the Ghana National Gas…
Africa Oil Services Ghana secures VAM and Grant Prideco Certification
David Lekan Somorin, Executive Director Sales for Africa Oilfield Services Ghana Ltd (AOS) has said the company has been appointed as the sole in-country VAM and Grant Prideco licenses to provide services to oil companies operating in the…
Kosmos Energy seeks $100m IFC syndicated loan to finance $3.8b projects offshore Ghana
Jubilee partner Kosmos Energy, through its Kosmos Energy Finance International, is seeking for a loan from the World Bank’s International Finance Corporation (IFC) amounting to $100 million to undertake some developmental projects in the…
Ghana’s inability to enforce regulations can affect oil production – Report
Government’s inability to enforce regulations governing oil production, inadequate resourcing of staff for environmental protection agencies and insufficient inter government agency collaboration have been cited as some of the militating…
Nigeria’s oil reserves to dry up in 37 years unless…
Nigeria’s crude oil reserve would be totally depleted in the next 37 years precisely by 2048 unless its government develops aggressive policies of hydrocarbon reserves replacement, according to geologists and other stakeholders in the…
GNPC denies putting pressure on Russian LukOil
Ghana’s state-owned petroleum company, the Ghana National Petroleum Corporation (GNPC) is reported to be putting pressure on Russian oil company, LukOil to commit to wider involvement in Ghana’s economy.
But the GNPC has denied this…