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Oil & Gas
Ghana to pump first oil on December 17, 2010?
A deputy Minister of Information has said Ghana will become an oil producing country on December 17, 2010 when the first commercial production of oil begins at the Jubilee oil field.
The Reuters news service citing a deputy Minister of…
Ghanaians urged to make oil discovery a blessing
Alhaji Issahaque Salia, Upper West Regional Minister, has appealed to Ghanaians to be collectively committed to make the oil discovery a blessing for all.
He urged Ghanaians to put their minds to a task as a people, and eschew petty…
Ghana oil revenue can not be used as security for borrowing – Petroleum Management Bill
The Petroleum Management Bills 2010 went through a second reading in Parliament on Monday with a strong proposal that prohibits the use of oil revenue as security for borrowing.
The 65 clause bill set out the formulae for the management…
Suspension of $225m insurance for FPSO not likely to affect Ghana’s first oil
It does not appear that the suspension of a $225 million political risk insurance for the Production Storage and Offloading (FPSO) vessel which is due to produce Ghana’s first commercial oil at the Jubilee oil field would affect…
District Labour Council cautions government on oil and gas
The Trades Union Congress (TUC) has appealed to the government to put in the necessary legal and institutional framework to ensure that resources from oil and gas benefited Ghanaians.
It said the labour union was worried about how the…
Oil and gas revenue will come in small portions in the beginning – Dr. Duffuor
In the midst of higher expectations from Ghana’s oil and gas, to turn the country’s economy to a better one, Ghanaians have been told that revenue from the sector in the early years would yield in small portions.
Presenting the 2011 Budget…
Ghana expects GH¢584m from oil in 2011
Ghana expects oil revenue of GH¢584 million to accrue to the national budget in 2011, the Minister of Finance, Dr. Kwabena Duffuor has said in the 2011 Budget statement presented to Parliament Thursday November 18, 2010.
The amount he…
Kosmos submits Declaration of Commerciality to Ghana, Tullow to issue 4 million shares on GSE
Kosmos Energy, one of the stakeholders in Ghana’s Jubilee oil field where Ghana’s first commercial production of oil is expected in December has submitted a 'Declaration of Commerciality' to the Ghana government. The Declaration, it says is…
Petroleum bills generate argument in parliament
The Majority and Minority in parliament, on Friday, debated over which of the two petroleum bills; the Petroleum Management Bill and the Petroleum Exploration and Production Bill, should be passed first.
Mr Cletus Apul Avoka, Leader of…
TUC cautions Parliament against amendment of petroleum bill
The Ghana Trades Union Congress (TUC), has demanded an immediate halt to attempts by members of the Joint Select Committee of Parliamentary on Energy and Mines and Finance to amend provisions in the Petroleum Revenue Management Bill.
Mr…