Oil & Gas

Despite the relative beneficial attributes of natural gas over coal and oil, it has its own adverse char­acteristics. Considering the quest for Ghana to develop a natural gas industry with the associated gas from the Jubilee Field, it is…

Ghana has been cautioned to take measures to manage the country’s new found oil revenue and use it for development. A Reuters report titled “Risk to Watch in Africa 2011”, says the rise of corruption would be a source of worry for firms…

Tullow Oil says Monday that it has hit gas in Ghana, barely one month after it began commercial production of oil in the country. In a press release copied to ghanabusinessnews.com, the leading oil producer in Ghana, Tullow Oil says its…

The Convention Peoples Party (CPP) on Saturday marked the 61st anniversary of “Positive Action Day,” with a declaration that “the principle of oil backed loans is not a bad one”. The party, however, noted that a CPP-led government would…

The first ship to load oil from the FPSO Kwame Nkrumah at the Jubilee Field docked at the anchorage of the Tema Port in the early hours of Sunday January 3,  2011. The ship, Mt Spike, has Hull Blyth Limited as its local agent. Officials…

Ghana’s commercial oil production started on December 15, 2010 after President John Evans Atta Mills symbolically turned the wheel on the FPSO vessel to signify the beginning of the country’s first oil. The government is making efforts to…

The National Petroleum Authority (NPA) on Monday adjusted petroleum prices with effect from Tuesday January 4, citing the rise of crude oil on the world market. Gas oil and gasoline were increased by 30 per cent in the ex-pump price while…

The Industrial and Commercial Workers’ Union (ICU) has observed that with political will, coupled with commitment, honesty and tenacity of purpose, the nation’s oil resources could be managed well for the benefit of all Ghanaians. Making…

The investigations that lead to the suspension of $225 million political risk insurance for Ghana's Floating Production Storage and Offloading (FPSO) vessel will be completed in January 2011 and everything will normalise, the World Bank…

Two chiefs in the Awutu Beraku and Agona Nyakrom Traditional areas have appealed to political leaders not to misuse the oil revenue but to use it to develop the country. Nai Kwakurabi Clottey III, Omankrando of Awutu Traditional Area, and…