Home / Oil & Gas (page 21)

Oil & Gas

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

Citizens must ensure governments use long term development plan – PIAC

The Public and Accountability Committee (PIAC) says it is up to citizens of Ghana to ensure that current and successive governments use Ghana’s long term development plan as the basis for setting priorities for investment of Petroleum revenues. Mr Kwame Jantuah, Vice Chair of PIAC, said the 40-year development plan, …

Read More »

Petroleum and Gas Industry must provide capital for investment in job-creating sectors – Minister

Dr Owusu Afriyie Akoto, Minister of Food and Agriculture, says the petroleum and gas Industry is not conducive for the creation of jobs and must focus more on generating money to be invested in other job-creating sectors such as agriculture. He said the future of Ghana’s oil and gas sector …

Read More »

Tullow Oil makes $270m in insurance compensation for damage caused FPSO turret bearing

Tullow oil Ghana Limited has received $220 million from insurers as compensation for the damaged turret bearing that hangs on the Floating Production Storage Offloading Vessel (FPSO). This is part of a sum of $270 million that the Lead Partner has requested from the Insurer. Tullow, according to the Managing …

Read More »