Oil & Gas

British oil producer, Tullow Oil, will invest about half of it's capital expenditure for the year 2011 in Ghana, an official has disclosed. Tullow Oil has indicated that it will spend about $1.5 billion in all its operations globally,…

Alhaji Issahaque Salia, Upper West Regional Minister has observed that Ghana's oil and gas find is exhaustible and should therefore be utilised judiciously for the growth of the economy. He advised Ghanaians to concentrate on deriving the…

The Government has been tasked to utilise oil revenue for the benefit of Ghanaians, more specifically, the communities in the oil production area in a visible, positive and very significant way. Dr Papa Kwesi Nduom, Convention People's…

Ghana became an oil producer and exporter following the commercial production of oil in the country on December 15, 2010. By the first quarter of 2011, crude oil exports from Ghana was estimated at $484.2 million, the governor of the Bank…

Participants at a day’s public forum on the Road Fund in Sunyani, on Thursday suggested the need for the Government to institute measures to check the abusive consumption of liquefied petroleum gas (LPG) by drivers. The participants were…

Tullow Oil Plc, the majority shareholder in Ghana’s Jubilee oil fields, says its capital expenditure for the year 2011 will be around $1.5 billion. The UK oil explorer indicates that oil wells in Ghana as well as other significant wells in…

Kosmos Energy, one of the oil producers working on Ghana's Jubilee oil field has indicated that it will make available an amount of $400 million to fund its activities in the oil fields in Ghana. Using its estimated net proceeds of…

It appears there is a well designed and orchestrated plot to continue to deceive the people of Ghana in as far as oil from the Jubilee oil field and the country’s only refinery the Tema Oil Refinery’s capacity to refine that oil is…

Kosmos Energy says it will list its common shares on the Ghana Stock Exchange (GSE). Tullow Oil, another major oil producer in Ghana has also expressed its intentions to list on the GSE. “We intend to apply to list our common shares on…

Ghana will soon start operating a new petroleum landing jetty on the Volta Lake at Debre in the Northern region. The $40 million project known as the Debre Marine Works (DMW), constructed by state-owned Bulk Oil Storage and Transportation…