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Oil & Gas
Energy Foundation organises seminar on oil and gas
Mr Edwin Vanotoo, Chief Executive Officer of Vanotoo International Limited (VIL), on Monday advised managements of oil and gas companies to maintain high standard of professional principles in
the industry to acquire more contracts to…
Petroleum Exploration and Production Bill to replace PNDC Law 84
Mr Inusah Fuseini, Deputy Minister for Energy, has stated that the Petroleum Exploration and Production bill would replace PNDC Law 84 when passed because the latter is limited in scope.
He said it would provide a legislative framework for…
First Ghana oil production to be live on TV December 15
On Wednesday December 15, 2010, commercial production of oil will begin at Ghana’s Jubilee oil field and it will be shown live on Ghana TV.
A press release from Tullow Oil issued Monday November 29, 2010 and copied to ghanabusinessnews.com…
Jubilee test run yields between 20,000 and 80,000 barrels of oil per day
The Jubilee oil field has began yielding between 20,000 and 80,000 barrels of oil per day in test runs ahead of commercial production of oil, the Daily Graphic newspaper has reported.
The newspaper citing Mr. Kwame Ntow, the Head of…
Students in Tamale sensitized on Ghana’s oil industry
Students of second-circle and tertiary schools in the Tamale Metropolises have been sensitised on revenue that would be accrued from the oil and gas industry, local content, and bills to regulate the sector, currently in Parliament.
They…
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…