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Oil & Gas

Ghana to get Petroleum Law before budget is read

The Petroleum Exploration and Production Bill and Petroleum Revenue Management Bill would be passed before the budget for 2011 would be read in November, this year. Mr Cletus Avoka, Majority Leader in Parliament,  said when Parliament resumes sitting on October 19,  efforts would be made to ensure that those bills …

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Greek shipping company wins $160m Ghana oil contract

A Greek shipping company, DryShips Inc., is reported to have signed an exploration and drilling contract in Ghana. The deal which is with Vanco Overseas Energy Ltd. is worth $160 million, The Wall Street Journal quoted the company as saying. The deal according to the report is a five-well contract …

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MDPI to train Ghanaians for oil and gas sector

The Management Development and Productivity Institute (MDPI) of the Ministry of Employment and Social Welfare has initiated a programme to ensure the full participation of Ghanaians at all levels in the emerging oil and gas industry. The Institute, with funding and technical support of its collaborating agencies, has therefore started …

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Expert urges Ghanaians to acquire skills, knowledge in oil and gas

A Trainer of Trainers in oil and gas has urged leadership at all levels of society to place a high premium on the acquisition of skills and knowledge to develop analytical and critical minds for effective management of the new economy. Mr Emmanuel Emielu, Managing Partner of Oil and Gas …

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Ghanaian enterprises asked to improve on standards and skills to target oil sector

Local enterprises in Ghana have been asked to improve on their standards and skills in order to achieve the 90 percent local content target in the oil and gas industry by 2020. Dr Osei Boeh-Ocansey, Director-General of the Private Enterprise Foundation (PEF), who made the call, said the formulation of …

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Ghana said to be losing millions of dollars in tax revenue from oil companies

Ghana is said to be losing millions of dollars in tax revenue from expatriate workers employed by the oil companies, including Tullow Oil and other partners in the Jubilee Oil Fields. Some mining companies are also said to have engaged such expatriates, who do not pay tax by virtue of …

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Ghanaians asked to be wary of dubious oil and gas schools

The Director of Kumasi Institute of Technology and Energy, has cautioned Ghanaians to be wary of the number of schools that have sprang up in the country, offering various courses in oil and gas. Mr Ishmael Edjekumhene gave the caution in Takoradi on Thursday when he addressed an Educational Forum, …

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Ghana government to ensure 50% local content in oil sector

The Minister of Environment, Science and Technology, Ms  Sherry Aryitey, on Thursday expressed government’s intention to  ensure “50 per cent local content” in the  oil and gas find. She said there would be fair distribution of the gains of the oil industry in order for Ghanaians to have a feel …

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LUKOIL of Russia hopeful of more oil in Ghana

The second largest Russian oil producer, LUKOIL is optimistic it will hit oil in commercial quantities in Ghana. A Reuters news service report cited LUKOIL’s vice president for overseas saying its offshore oil exploration project in Ghana will almost certainly lead to commercial exploitation. LUKOIL, the report says leads an …

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