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Oil & Gas
Eni hits oil, gas offshore Ghana
Eni, the Italian oil and gas company says it has found some oil and gas at its Sankofa-2 well Offshore Cape Three Points in Ghana.
According to Eni, the Sankofa-2 well was drilled in 864 meters water depth at a distance of about 55 km…
Tullow Oil calls for re-location of houses on project lines
An official of British oil producing company, Tullow Oil has called for the relocation of houses on its project lines.
The Ghana News Agency cites Mr. Gayheart Edem Mensah, Communications Manager Of Tullow Oil Ghana as suggesting that…
Access Bank targets oil and gas industry
Access Bank (Ghana) will this year focus on financing the oil and gas industry as the sector represented a major growth pole in the economy.
“The focus of the bank for 2011 is more on oil and gas because about 15 per cent of GDP is driven…
Mining company turns to GOIL for uninterrupted fuel supply
Owere Mines at Konongo on Friday signed a bilateral fuel and lubricants management agreement with Ghana Oil Company Limited (GOIL) to ensure uninterrupted oil supply to the mines.
“Due to the sensitivity of earth moving equipment in the…
NPP MPs claim marginalization of region in credit facility for oil projects
New Patriotic Party (NPP) MPs claim their region is being marginalised with regards to a credit facility to finance oil field projects in the country.
There is yet to be presented before Parliament for approval a credit agreement between…
Ghana in $38m agreement with IDA to build local capacities in oil and gas industry
The government has entered into a credit agreement with the International Development Association for an amount of US$38 million to finance the oil and gas capacity building project, which is aimed at enhancing local skills and competencies…
Tullow Oil signs $2.9b Uganda SPAs with CNOOC, Total
British oil producer, Tullow Oil says it has signed a $2.9 billion Sale and Purchase Agreements (SPAs) with China’s state-owned oil company, China National Offshore Oil Corporation (CNOOC) and French oil company Total in respect of the sale…
Nduom calls for petrochemical industry in Western Region
Dr Paa Kwesi Nduom, Convention People’s Party (CPP) presidential candidate in Election 2008, has called for the establishment of a petrochemical industry in the Western Region to boost industrialisation in the area.
He was addressing…
Ghana government pays TOR’s debt to GCB
The Ghana government has paid the Ghana Commercial Bank (GCB) an amount of GH¢572 million owed by the Tema Oil Refinery to the bank, Board Chairman, Kojo Thompson have said according to the Reuters news service.
Mr Kojo Thompson was…
Tullow discovers more oil at Ghana Teak-2 well
British oil producer operating in Ghana, Tullow Oil says it has found more oil at its Teak-2 exploration well offshore Ghana.
The company says the Teak-2 exploration well in the West Cape Three Points licence offshore Ghana has discovered…