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Oil & Gas

Christian Coalition urges proper management of Ghana’s oil

Representatives of Christian Coalition have underscored the importance of employing best practices in ensuring prudent management and equitable distribution of the country’s expected oil and gas wealth. The Coalition, made up of the Christian Council of Ghana (CCG) and the Ghana Pentecostal Council (GPC), expressed the hope that the best …

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Will Ghana choose China over ExxonMobil for Kosmos’ Jubilee stake?

The government of Ghana about a week ago indicated in a press release that it will soon decide on the Kosmos Energy-ExxonMobil Jubilee stake issue that has become thorny over the period. The government pledged to do ‘whatever it takes within the law to protect the national interest at all …

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NGO says oil not for people of the catchments area alone

A former District chief Executive for Jomoro and Executive Director of the Centre for Social and Community Advancement, a non-governmental organisation, Mr Ketiboa Blay, has said that by law the people of Jomoro District are not the exclusive owners of oil and gas find in the Jubilee Field but for …

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Vice President calls for partnership between Ghana and Iran in oil exploration

Vice President John Dramani Mahama on Tuesday called for a partnership between the governments of Ghana and Iran to tap the rich experience of Iran in oil exploration and production. “Considering your immense experience in both on and off-shore oil exploitation, I will suggest that we have an effective partnership …

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Fishermen advised to obey regulations on fishing around Jubilee oil field

Commodore Tim Appiah, Flag Officer, Commanding the Western Naval Command, on Monday, advised fishermen to abide by the regulation, which requires them not to fish within a radius of 500 metres around the Jubilee oil field rigs. He gave the advice, when speaking to the press, after a meeting with …

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Ghana to adopt Norwegian model for petroleum revenue

Ghana is to adopt the Norwegian model which divides petroleum revenue into three pools – budget, heritage and stabilization funds. This is contained in the Petroleum Revenue Management Bill, which is before Parliament. Whereas the Heritage Fund will ensure intergenerational equity because of the finite nature of resource revenue which …

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Group campaigns for GNPC to acquire Kosmos shares

The Committee for Joint Action (CJA) on Wednesday launched signature campaign in support of Ghana National Petroleum Company (GNPC) efforts to acquire shares of Kosmos Energy. Mr Kwesi Pratt Jnr, member of CJA, launching the campaign in Accra, said there were forces which were desperately trying to deny Ghanaians an …

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Russia, Belarus to invest $1b in Ghana’s oil and gas sector

Since Ghana announced the discovery of oil in commercial quantities in June 2007, the country has never run short of possible investors in its nascent oil industry. Russian businesses were among the early ones to express interest in having a stake in Ghana’s oil and gas. During a meeting this …

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