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Oil & Gas

About 400 gas stations located in residential areas in Ghana

Mr Kojo Oppong Nkrumah, a Deputy Ministry of Information, has said about 400 gas stations are located in residential areas across the country. Meanwhile, the President has said that the Government would soon come out with a policy intervention to address the frequent gas explosions.     Both the President and …

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Stop extracting fossil fuels – Oilwatch Africa

Oilwatch Africa network, an environmental non-governmental organisation, has called on governments of oil producing countries to desist from the exploration of fossil fuels and rather invest in renewable energy as an alternative. The Oil Africa network said that governments will not only be putting an end to the world’s beckoning …

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Maritime boundary ruling will boost investor confidence – Terkper

The Former Finance Minister, Mr Seth Terkper has said the maritime boundary ruling in favour of Ghana would boost investor confidence and provide certainty in the country’s economic direction. Speaking to a section of journalists on the ruling, Mr Terkper said the economic case for International Tribunal for the Law …

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TEN oil field – ITLOS rules in favour of Ghana

Tullow Oil plc (Tullow) has expressed its commitment to continue to work with the Government of Ghana to put in place the necessary permits to allow the restart of development drilling of oil in the TEN fields. This follows a ruling by the Special Chamber of the International Tribunal of …

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Ghana, Côte d’Ivoire agree to abide by ITLOS decision

Ghana and Côte d’Ivoire have jointly agreed to abide by the decision of the International Tribunal for the Law of the Sea (ITLOS). The tribunal on Saturday, September 23, 2017, unanimously held that Ghana has not violated the sovereign rights of Côte d’Ivoire with oil exploration activities. It also held …

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ITLOS delivers judgement in Ghana, Cote d’Ivoire maritime boundary dispute

The International Tribunal for the Law of the Seas (ITLOS) today decided in the maritime dispute between Ghana and its western neighbour, Cote d’Ivoire. The decision was read by Judge Boualem Bouguetaia, President of the Special Chamber. The court found in most instances of the allegations brought by Cote d’Ivoire …

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Penplusbytes builds media capacity to mainstream the agenda for oil and gas

Penplusbytes with support from Ghana Oil and Gas for Inclusive Growth (GOGIG) is implementing a 6-month “enhancing the role of the Media in promoting Oil and Gas sector transparency and accountability” project. The project is aimed at increasing transparency and accountability in the sector through effective public oversight on oil …

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Ghana agrees with Russia’s GAZPROM for gas supply

Ghana’s sales agreement with Russian energy giant, GAZPROM, for the supply of Liquefied Natural Gas (LNG) will impact the country’s economy positively, President Nana Addo Dankwa Akufo-Addo has said. GAZPROM, a world leader in gas production, has reached and signed a Gas Sales Agreement (GSA) with the Ghana National Petroleum …

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Deputy Minister tasks BOST Board to avoid conflict of interest

Mr William Owuraku-Aidoo, Deputy Minister of Energy, in-charge of Power, has tasked the newly inaugurated Board of the Bulk Oil Storage and Transportation Company Limited (BOST) to avoid conflict of interest. Speaking at the inauguration of the new BOST Board in Accra, Mr Owuraku-Aidoo reminded the members that the Ministry …

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Education is best legacy of oil companies – GNPC

Investing in education is the best legacy that oil and gas companies operating in the Ghana will leave behind, Dr Kofi Koduah Sarpong, Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), has said. He said the GNPC was offering scholarships to over 500 Ghanaians to pursue courses in …

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