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Oil & Gas

Government awards $799m upstream petroleum contracts to Ghanaian companies

A total of $799 million worth of contracts in the upstream petroleum industry was awarded to indigenous Ghanaian companies and joint ventures last year in accordance with the Local Content and Local Participation law. Out of the amount, $453 million worth of contracts was awarded to Ghanaian firms whilst $346 …

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GNPC presents $250,000 for establishment of petroleum research at UG

The Ghana National Petroleum Corporation (GNPC) has presented a cheque for $ 250,000 to the University of Ghana for the establishment of a Research Chair in Petroleum Geoscience at the Department of Earth Science. The presentation of the cheque was part of terms of a Memorandum of Understanding signed between …

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BOST drivers appeal for better working conditions

Tanker drivers at the Bulk Oil and Storage Transportation (BOST) depot in Tema have appealed for better working conditions. Speaking to the Ghana News Agency, Mr Akwasi Prempeh, a driver at the BOST depot in Tema said, the drivers work under unacceptable conditions. He explained that, most of the drivers …

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Ghanaians undergo oil and gas training in Brazil

MODEC Production Services Ghana JV Limited (MPSG), a Japanese firm, has launched an international oil and gas training programme for 16 Ghanaian nationals. The beneficiaries are expected to undertake the training in Brazil in three batches beginning from February 2019 to get hands-on training in Floating Production Storage and Offloading …

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Privately initiated Bridge Power builds $900m 400MW LPG powered plant for Ghana

Power generation and distribution in Ghana are a well-known reality – Ghanaians for many years have had to endure power rationing because at some point, there wasn’t enough power to go round. The situation effectively led to Ghanaians becoming accustomed to the word ‘dumsor’, meaning switch off and on. While …

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Aker Energy to complete drilling of Pecan-4A Appraisal Well

Aker Energy, operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, has announced that it would soon complete the successful drilling operation of the Pecan-4A appraisal well offshore Ghana. The main purpose of the Pecan-4A appraisal Well was to confirm Aker Energy’s understanding of the geology in the area …

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Axxela signs gas transportation agreement with WAGP

Axxela Limited, a fast-growing gas and power portfolio company, has signed a Gas Transportation Agreement (GTA) with the West African Gas Pipeline Company Ltd (WAPCo). The deal will enable Axxela Limited to transport over 15 million standard cubic feet per day (“mmscf/d”) of natural gas via the West African Gas …

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Ghana makes $464m from oil in first half 2018

Despite continued challenges with information sharing and documentation regarding payments in the oil sector, in the first half of the year 2018, Ghana made a total of $463,569,064.38 in petroleum revenue, according to the latest report of the Public Interest and Accountability Committee (PIAC). The Committee is mandated by law …

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Ghana produces 29 million barrels of oil in first half of 2018 – PIAC

Ghana has produced a total of 28,982,050 barrels (bbls) of oil from three offshore producing fields, the new report of the Public Interest and Accountability Committee (PIAC) says. According to the report covering the period from January to June 2018, 11,923,286 bbls was produced from the Jubilee field, 11,772,267 bbls …

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GOIL says to open 40 stations in 2019

The Ghana Oil Company Limited (GOIL) the nation’s foremost indigenous Oil Marketing Company (OMC) has set a pragmatic target of setting up 400 active modern filling stations across the country by the end of the 2019. As a major step towards achieving that target, GOIL opened its 360th Filling Station …

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