Oil & Gas

The UK based oil producer, Tullow Oil’s pre-tax profits soared 361% to $152 million in 2010. Tullow said successful equity placing in 2010, coupled with the planned Uganda farm-down, and the increased cash flow from Ghana, will ensure that…

Fourteen employees of the Exploration and Engineering Departments of the Ghana National Petroleum Corporation (GNPC), on Friday completed the first jubilee up-skill programme in the oil and gas industry. An Initiative of GNPC and supported…

The Central Regional Director of the Environmental Protection Agency (EPA), Mr. Kwasi Owusu-Sekyere, observed on Thursday that there is the urgent need for the country to train bio-scientists to effectively monitor the environment of both…

Tullow Oil has announced yet another oil discovery in Ghana, Thursday March 3, 2011. In a press release copied to ghanabusinessnews.com, Tullow Oil which holds the largest share in Ghana’s oil industry says the Enyenra-2A appraisal well,…

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…

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…

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…

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…

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…

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…