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Oil & Gas

Energy expert asks government to regulate oil industry

A two-day workshop on Petroleum Licensing Agreement for Members of Parliament (MPs), has ended in Koforidua, with a call on government to set up a regulatory body for the oil and gas production industry. Dr Keith Myers, Managing Partner Richmond Energy Partners Ltd, who moderated the workshop told the participants …

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Western Region Assemblies send memorandum to Parliament on Petroleum Bills

Six coastal assemblies in the Western Region have formulated a memorandum to send to the Parliamentary Committee on Mines and Energy on some ambiguities and lapses in the Petroleum Exploration and Production Bills. The Presiding Members of the assemblies: Mr Ehwi Armah from Jomoro, Mr Sagary Nokoe of Nzema East, …

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Don’t miss opportunities in oil and gas discovery – Asantehene

The Asantehene, Otumfuo Osei Tutu II, has urged the local business community to take advantage of opportunities offered by the country’s oil and gas discovery and explore them to the benefit of the entire Ghanaian society. He said the business community should position itself well to create wealth and jobs. …

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Focus on expenditure in and not revenue from oil sector – Tsikata

As Ghana poises to join the world’s oil producing countries when commercial oil production begins in the country in November or December 2010, the country’s leaders have been called upon to focus on the expenditure that is going into the oil sector and not the revenue they expect. Since the …

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Minority questions termination of petroleum contract with AKER ASA

Minority in Parliament on Thursday questioned the basis for the termination of a Petroleum Agreement (PA) between Ghana National Petroleum Corporation (GNPC) and AKER ASA, an industrial investment company. Dr Joe Oteng –Adjei, Energy Minister, who responded to the question during question time in Parliament, said the contract was not …

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Nzema Traditonal Council, GNPC resolve impasse over citing of gas plant

The chiefs and elders of the Western Nzema Traditional Council have pledged their full support for the establishment of a gas plant in the area for the development of Ghana’s emerging oil industry. This follows a meeting with the Ghana National Petroleum Corporation (GNPC), the Ministry of Energy, the Jomoro …

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Ghana never awarded $1b gas infrastructure deal to Nigerian company Oando

Claims by a Nigerian oil and gas company, Oando Plc that it has been selected to partner with the Ghana National Petroleum Corporation (GNPC) to develop Ghana’s natural gas infrastructure has turned out to be false. Oando put up a press statement on Sunday October 4, 2009 announcing that it …

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Ghana awards deepwater gas pipeline contract to Technip

The Ghana National Petroleum Corporation (GNPC) has awarded a contract to French company, Technip to construct and instal a 14-km 12 inch pipe deepwater for the country’s gas infrastructure, which is yet to be constructed. Information reaching ghanabusinessnews.com from France indicated that the lump-sum contract is for a flowline installation …

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Jubilee oil field said to be 92% ready

Ghana’s largest oil field, the Jubilee oil field is reported to be 92% ready for oil production to begin. The Daily Graphic citing Thomas Manu, the Director of Exploration and Production at the Ghana National Petroleum Corporation (GNPC), said remaining installations constituting eight per cent will be completed at the …

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When Ghana’s oil starts to flow

In a couple of weeks, Ghana could join the privileged group of oil and gas producing countries like Kuwait, Iraq, Brazil, Nigeria, Botswana, Equatorial Guinea, Libya, Angola, and many others who constitute the Organization of Petroleum Exporting Countries (OPEC). Since June, 2007, when Kosmos Energy discovered oil in commercial quantities …

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