Oil & Gas

Mrs Sherry Ayittey, Minister of the Environment, Science and Technology, at the weekend underscored the need for a sustainable oil sector that would not compromise the nation’s environment. She said the Environmental Protection Agency was…

A team of research scientists at a seminar on the Environmental and Social issues of extractive industries in Ghana on Thursday July 28, 2011 called on government to speed up the gas infrastructure project that aims to transport gas from…

Italian oil explorer, Eni S.P.A says it has discovered hydrocarbon at offshore Ghana at the Gye Nyame 1 well. The well is located Offshore Cape Three Point (OCTP) block 50km offshore Ghana. “The well, which was drilled in 519 meters of…

The Ghana Oil Company Limited (GOIL) has signed a contract with SK Shipping Company Limited of Korea to supply Marine Gas Oil (MGO) to its customers servicing the exploration companies. The contract was signed by Mr. Yaw Agyemang-Duah,…

The Vice President, John Dramani Mahama, on Tuesday said, the discovery of oil and gas in the country has brought to the fore, additional challenges on the environment, particularly on the coastal landscape. He stressed the need to ensure…

Government has denied reports in sections of the Media that it has abandoned the on-going investigations regarding the EO Group, and that in exchange government had received reparation from the Group. The denial was contained in a…

The Deputy Energy Minister, Mr Emmanuel Armah Kofi Buah, has said that the excess revenue from the two crude oil consignments lifted from the Jubilee Oilfields would be used for social interventions in the country. He said Ghana pegged the…

British oil producer, Tullow Oil announces today July 25, 2011 that it has completed the acquisition of E.O. Group's stake in Ghana's Cape Three Points. EO is a Ghanaian oil producer in the Jubilee partners - the number of companies…

The Organisation of Petroleum Exporting Countries (OPEC) says it has set out to broaden its appeal to younger people with the publication of a book that gives basic information on the oil industry. Entitled “I Need to Know: An Introduction…

Mr Armah Kofi Buah, the Deputy Minister of Energy, on Friday said parliament had approved the formation of Ghana National Gas Company to manage the sector. He said the company would see to the transportation and development of…