Home / Oil & Gas (page 20)

Oil & Gas

Unions say TOR, BOST made gains in 2016

The Tema Oil Refinery (TOR) and Bulk Oil Storage and Transportation Company Limited (BOST) workers’ unions have denied media reports suggesting they recorded a loss in revenue of GH¢32 million between January and September this year. The two unions at a joint press conference described the media report as palpable …

Read More »

PIAC seeks $9.5m to fund strategic plan

The Public Interest and Accountability Committee (PIAC) has launched a comprehensive plan to reform the Committee to better track government’s application of the petroleum revenue for improved living conditions of its citizenry. About $9.5 million would be required for the successful implementation of the five-year strategic arrangement, which served as …

Read More »

CSO organises oil and gas governance poll

The Civil Society Platform on Oil and Gas (CSPOG) has presented its oil and gas governance poll outcome for public scrutiny. The People’s National Convention (PNC) came first with full complement of oil and gas policies and programmes, translating into 65 percentage points while the Convention People’s Party (CPP) came …

Read More »

Ghana spends $2.6b importing petroleum products in 2013 – Terkper

Mr. Seth Terkper, the Minister of Finance says in 2013, government spent a whopping $2.6 billion to import finished petroleum products from Europe for local consumption.  The Minister, noted that the country needs stronger indigenous oil marketing companies (OMCs) to propel the economy. “With a growing Oil and Gas economy, …

Read More »

TEN field produces 800,000 barrels of oil so far – Minister

To date, the Tweneboa, Enyenra and Ntomme (TEN) field has produced about 800,000 barrels of oil, and the gas export to the Gas Processing Plant (GPP) is expected to begin in the 1st quarter, 2017, the Minister of Petroleum has said. According to Mr Emmanuel Kofi Armah-Buah,the approval of a …

Read More »

Political tag is impeding operations of PIAC – Official

The fear of the “partisan political” tag is creating a great challenge to the operations of the Public Interest Accountability Committee (PIAC), says Dr Steve Manteaw, a member of the Committee. PIAC is a citizens-led statutory body established under section 51 of the Petroleum Revenue Management Act (Act 815) to …

Read More »

Future of Ghana’s oil and gas industry promising – Prof Akabzaa

Professor Thomas Akabzaa, Chief Direct of the Petroleum Ministry, has given an upbeat assessment of the nation’s oil and gas industry, saying, its’ future is promising. He said with the start of oil drilling at the second oil field – Tweneboa Enyenra and Ntonme (TEN fields), and the Sankofa Gye …

Read More »

Ghana’s oil production to reach 240,000 barrels daily in four years – GNPC

Ghana’s daily oil production will reach 240,000 barrels by 2020, Mr Michael Aryeetey, Chief Operating Officer of Ghana National Petroleum Corporation (GNPC) Exploration and Production Company Limited (Explorco) has said. He said this would be attained, when the three oil fields would then be at their apex production; adding: “This …

Read More »

Manifestos outline measures to manage oil and gas waste

Ghana needs a visionary and courageous leader like Ivor Greenstreet, Presidential Candidate of Convention Peoples Party (CPP) to apply the laws on environment to safeguard our society, Mr James Kwabena Bomfeh, CPP’s Director of Elections, has said. He said a CPP government would ensure sure that the environmental laws are …

Read More »

World Bank raises oil price forecast for 2017

The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel. It explained that this was the case as members of the Organization of the Petroleum Exporting Countries (OPEC) prepared to limit production after a long period of unrestrained output. It …

Read More »