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Oil & Gas
Ghanaian company to undertake $300m Offshore Supply Base project in Western Region
JKL Energy LTD, a Ghanaian Oil and Gas Company, is finalising discussions with international developers from Malaysia and Dubai to undertake a 300 million dollar Ghana Offshore Supply Base (GOSB) project in the Western Region.
It is…
Accra to host major oil summit in November
Accra will in November host an oil summit that is expected to attract hundreds of international investors after a thriving first year for the Ghanaian oil industry which has sparked interest across the globe.
According to organizers, the…
Ghana expects to earn GH¢1.2b from oil in 2011
The government of Ghana is expecting to earn revenue of GH¢1,250.8 million from oil in 2011, the Minister of Finance and Economic Planning has said.
In Parliament to seek approval for a supplementary expenditure for 2011 Thursday July 14,…
Ghana government spends GH¢86.3m on fuel price subsidy
Dr Joseph Oteng Adjei, Minister for Energy, said on Wednesday that this year’s total fuel price subsidy from the Ministry of Finance and Economic Planning is GH¢86,313,969.00.
He said the available empirical data shows that government over…
Let us appreciate oil find as national asset – Minister
Dr Kwasi Akyem Apea-Kubi, Eastern Regional Minister, has urged Ghanaians to appreciate the oil resource as a national asset whose management must be above sectional interests.
“In this regard, every Ghanaian must feel the positive…
Operators of Liquefied Petroleum Gas schooled in advocacy
Members of the Ghana Liquefied Petroleum Gas Operators Association (GLPGOA), have pledged to collaborate with state agencies in finding a lasting solution to the problem of unstable supply and distribution of Liquefied Petroleum Gas (LPG)…
Ghanaians urged to work together to protect oil revenue
Ghanaians have been urged to be vigilant and work together to ensure the protection and efficient utilization of the nation’s oil revenue.
Dr Joe Amoako-Tuffuor, Professor of Economics at the Saint Francis Xavier University in Nova Scotia,…
Engineer drowns in crude oil storage tank
Mr John K. Asemaku, Third Engineer on MT Bonsu-Q, a crude oil storage vessel, got drowned in one of the tanks when he attempted to fix a decoupled hose to a pumping machine on Thursday.
A statement from Saltpond Offshore Producing Company…
Kosmos Energy raises capital expenditure for Ghana from $400m to $430m
Texas-based oil explorer, Kosmos Energy, says it has budgeted for $430 million for its operations in Ghana for the year 2011.
Initially, Kosmos indicated in its S-1 Filing to the US Securities and Exchange Commission that it will invest an…
Jubilee field produces over 10 million barrels of oil – Tullow
British oil producer and lead operator on Ghana’s largest oil field, the Jubilee oil fields, Tullow Oil says, so far, over 10 million barrels gross has been produced from the field.
In its trading statement and operational update issued…