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Oil & Gas
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…
Government cautioned not to fund STX housing project with oil money
Mr Kofi Asamoah, Secretary General of the Trade Union Congress (TUC), has cautioned Government not to use proceeds from the oil industry as collateral for the XTS Korea Housing Project.
He said that even though Government was obliged to…
TUC cautions government against stability clauses in oil agreements
The Sekondi-Takoradi District Council of Labour on Thursday cautioned the government against inserting stability clauses in agreements with international oil companies that are doing business in the country, because it could create problems…
Ghana government urged to address local discontentment on oil find
Participants at a Workshop on Foreign Policy in Ghana’s Emerging Oil Economy have called on Government to address promptly and peacefully any local discontentment that might emerge from the oil find.
They contended that this should be done…
GTUC urges government to review oil agreements
The Trades Union Congress (TUC) on Wednesday called on the government to review stability clauses in the oil agreements it had signed with International Oil Companies (IOC) to maximise benefits to the people.
In addition, government must…
Tullow to produce Ghana’s first 50,000 barrels of oil in December
Ghana will become an oil production country early in December when Tullow Oil produces the first 50,000 barrels of oil.
Tullow Oil has said in an Interim Management Statement issued Wednesday November 10, 2010 and copied to…
Group calls for withdrawal of Petroleum Bill from Parliament
The Patriots for the Protection of Western Regional Heritage, a pressure group, on Tuesday called on the government to immediately withdraw the Petroleum Revenue Management Bill (PRMB) from Parliament.
Mr George Mireku Duker, a leading…