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Oil & Gas
Total Petroleum to remain strong force in Ghana’s energy sector – New MD
Total Petroleum Ghana new Managing Director, Guillaume Larroque has pledged the company’s commitment to enhance service delivery nationwide pledging the renewal of its joint campaign with the Ghana National Fire Service to improve road…
Finance Minister inaugurates committee on petroleum revenue
Finance Minister Dr Kwabena Duffuor has inaugurated a 13-member Public Interest and Accountability Committee (PIAC) to provide an independent assessment of how petroleum revenues are managed and used.
The Petroleum Revenue Management Act…
Norwegian company, EMGS wins $5.5m contract to find oil offshore Ghana
Norwegian company, Electromagnetic Geoservices ASA (EMGS) says it has been awarded a survey contract to acquire and process 3D electromagnetic (EM) data offshore Ghana.
The company made the announcement on its website today September 16,…
Nigeria’s ‘unfavourable’ Petroleum Bill leads to loss of over $2b FDI inflows
Foreign direct investment inflows into Nigeria, Africa’s most populous nation, have dropped by $2.55 billion due to the uncertainty of the country’s Petroleum Industry Bill (PIB).
According to the latest world investment report 2011…
Tema Oil Refinery shuts main unit, runs out of crude – Report
Ghana's only oil refinery, the Tema Oil Refinery (TOR) has shut down its main crude distillation unit Saturday August 28, 2011 after running out of feedstock, the Reuters news agency reports, citing two unnamed sources with knowledge of…
Ghana imports $1.72b worth of crude oil, gas and oil products
Ghana from the period between January and July 2011 imported $1.72 billion worth of crude oil, gas and oil products, according to the Bank of Ghana.
This drove the entire merchandise imports of the country within the period to an amount of…
Ghana to import liquefied natural gas from international market by 2013 aside Nigeria
Ghana is said to be eyeing liquefied natural gas (LNG) imports from the international market by 2013 after launching a feasibility study into a floating storage and re-gasification unit (FSRU).
The LNG Unlimited, a subscribed weekly…
Tullow Oil to initiate contracts for new larger FPSO in September
British oil producer in Ghana Tullow Oil says contracts for its new larger Floating Production Storage and Offloading (FPSO) vessel will be initiated in September 2011.
Tullow indicated in its 2010 Financial Results that it is focused on…
Kosmos Energy finds light oil offshore Ghana
Kosmos Energy says it has discovered light oil at the Akasa-1 exploration well on the West Cape Three Points Block offshore Ghana today August 24, 2011.
The Texas-based oil company who generated revenue of $124.1 million from the sale of…
Ghana in strategic partnership with PetroSaudi to develop oil and gas industry
Ghana has entered into what officials describe as a strategic alliance with Saudi Arabia’s oil firm PetroSaudi International Limited to help develop the country’s oil and gas sector.
In a Memorandum of Understanding (MOU) signed by the…