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Oil & Gas

We still stand by our oil revenue petition – local Chiefs

Chiefs in the Western Region have expressed their concern about the rejection of their nine point petition presented to the government through parliament. As a result they plan to meet at the appropriate time to decide on the issue, Awulae Attibrukusu III, the President of the Western Regional House of …

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GNPC asked to discuss gas commercialisation project with Trinidad Gas Company

The National Gas Development Task Force has asked the Ghana National Petroleum Corporation (GNPC) to conduct discussions with the National Gas Company (NGC) of Trinidad to clarify the NGC’s possible role in the structure of the gas commercialisation project. Dr Kwesi Botchwey, Chairman of the National Gas Development Task Force …

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GOIL provides fuel to helicopters in Jubilee Field at base

Ghana Oil Company Limited (GOIL) has announced a strategic partnership with the Ghana Air Force to put up a facility at the Takoradi base to provide aviation fuel to aircrafts operating in the area. Mr Alex Josiah Adzew, Technical and Special Products Marketing Manager said: “We have also entered into …

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Ghana’s oil find boosts Togo’s offshore prospects

Ghana’s oil discovery in 2007 and its subsequent commercial production on December 15, 2010 has given hopes to the people of Togo. The people believe that Ghana’s success makes Togo’s prospects of finding oil offshore bright. Togo recently signed an oil exploration agreement with Italian oil giant, ENI, to renew …

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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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