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Oil & Gas

Local leaders call for comprehensive response systems to oil disaster

Traditional Rulers, Civil Society and Community Based Organisations (CBOs) in the Western Region, have called on duty-bearers in the oil and Gas industry to, as a matter of urgency, develop a regional capacity for adequate and comprehensive responses to any disaster or mass casualty that may result from the activities …

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Addae-Mensah warns Ghanaians about euphoria over oil find

Ghanaians have been cautioned against being euphoric over the country’s oil find, and avoid contracting loans in anticipation of the revenue to be derived from the oil. A former Vice-Chancellor of the University of Ghana, Prof. Ivan Addae-Mensah who sounded the caution at a development forum in Takoradi, urged that …

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Second rig for Jubilee oil field by December

Ghana will have a second oil rig nicknamed “Millennium” by December at the Jubilee Oil Field at West Cape Three Points in the Western Region. The rig will boost the Floating Production and Storage Offloading (FPSO) facility to be able to work effectively as the country explores its oil deposits. …

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Oil alone can’t make Ghana middle-income nation by 2015 – Mahama

Vice President John Dramani Mahama, on Monday stated that revenue from oil alone cannot transform Ghana into a middle income status by the projected 2015 timetable. He therefore expressed the need for the country to strengthen its economic ties with its development partners to pave way for the fulfilment of …

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Finance minister says no sector will play second fiddle to oil and gas

Government would ensure that sectors such as agriculture and mining do not play second fiddle to oil and gas in the development of the Ghanaian economy, Finance Minister Dr Kwabena Duffuor reiterated on Monday. Speaking at the opening session of the high level session of the consultative group meeting, he …

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New oil discoveries in Ghana make Tullow more attractive

Tullow Oil’s announcement of new discoveries in Ghanaian waters is making it more attractive to potential bidders, amid growing speculation about a likely takeover bid for the business founded and run by the Irish entrepreneur, Aidan Heavey. According to high street reports in London earlier this week, Hedge funds were …

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Ghana asked to demystify oil and gas industry

Mr Michael Dedey, an engineer, on Friday called for the demystification of the oil and gas industry which seems an area reserved for only big time players in the industry. He said apart from the management staff, the industry requires large amount of middle level technicians and artisans at various …

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Mahama: Ghana will not repeat mistakes of oil-rich countries

Vice President John Dramani Mahama on Thursday reiterated government’s determination to avoid the “Dutch disease”, where manufacturing sectors have been sacrificed in oil rich countries. He said government was also working around the clock to reduce dependence on foreign donor organizations and adopt pragmatic measures to cushion the impact of …

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Ghana’s Chief Justice says judiciary ready for oil and gas industry

The Judicial Service is fully prepared to handle every dispute that would arise from the emerging oil and gas industry, Chief Justice Georgina Theodora Wood, announced on Thursday. She said the service was ready both in training and capacity building to support Ghanaians who may either take up business positions …

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