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Browsing Category
Oil & Gas
Ghana Parliament passes petroleum revenue bill
Ghana’s Parliament today Wednesday March 2, 2011 passed the country’s most talked about Petroleum Revenue Management Bill.
Correspondents in Parliament tell ghanabusinessnews.com that the bill was taken through the third and final reading…
For years I prayed that Ghana would never find oil – Pastor Mensa Otabil
One of Ghana’s popular clergymen, the Rev. Mensa Otabil, Head Pastor of the International Central Gospel Church (ICGC) says for many years he had prayed that Ghana would never find oil. Because he believes that won’t help the country…
Crisis in Libya won’t affect Ghana’s petroleum supply – Vice President
Vice President John Dramani Mahama has stated that the political crisis in Libya and other North African countries would not affect the supply of petroleum products in the country.
"However, as Libya is a member of oil Producing and…
Ghana’s parliament fails to grant Western Region’s request for 10% of oil revenue
Mr Edward Doe Adjaho, First Deputy Speaker, on Wednesday ruled to strike off the amendment to clause 23 of the Petroleum Revenue Management Bill 2010 which sought to allocate ten per cent of oil revenue to Western region.
He said the…
LONRHO to invest in Ghana’s oil industry
The Management of LONRHO has expressed its preparedness to invest in Ghana's oil industry and has expressed interest in building an oil service terminal.
Mr Geoffery White, Director and Chief Executive Officer of LONRHO, said the company…
Tullow fails to find oil in Mauritania well
The most successful oil producer in Ghana, UK based Tullow Oil has been unsuccessful in finding oil in Mauritania.
The company announces Wednesday February 16, 2011 that the Gharabi-1 well, located in Block 6 offshore Mauritania, “was…
Oil revenues won’t transform Ghana’s economy – UNDP
The United Nations Development Programme (UNDP) says neither Ghana’s new found oil revenues nor the recent rebasing of the country’s economy are fundamentally panaceas for economic transformation.
According to the findings of a study…
Tullow finds more oil in Ghana’s Teak-1 well
The leading oil producer in Ghana, UK based Tullow Oil says it has discovered more oil in Ghana.
The company announces in a press statement copied to ghanabusinessnews.com Thursday February 10, 2011 that its Teak-1 exploration well in the…
Stay off Jubilee Oil Field – local fishermen told
Canoe fishermen have been asked to stay off the Jubilee Oil Field, as the deep water gas project to pipe the country's natural gas to the shore begins.
Officials of the Ghana Navy and the Ghana National Petroleum Corporation (GNPC) have…
MIGA extends suspension of $225m political risk insurance for FPSO
The saga of the suspension of a $225 million political risk insurance for the Floating Production Storage and Offloading (FPSO) vessel that is producing oil at Ghana’s largest oil field – the Jubilee oil field does not look like it will…