Home / Oil & Gas (page 22)

Oil & Gas

Ghana outperforms countries in sub-Sahara Africa in resource governance index, but many issues remain

Despite many issues plaguing Ghana’s natural resource governance regimes, revenue management and budgeting, the country has been ranked high above resource rich countries in sub-Sahara Africa, in the Revenue Governance Index, released today June 28, 2017, by the Natural Resource Governance Institute (NRGI). The 2017 Revenue Governance Index found that Ghana performs …

Read More »

NDC Caucus calls for interdiction of BOST boss and probe into fuel contamination

The National Democratic Congress (NDC) Minority Caucus in Parliament on Tuesday demanded the immediate interdiction of Mr Alfred Oteng Boateng, the Managing Director (MD) of the Bulk Oil Storage and Transportation Limited (BOST). They are demanding the action over the distribution of contaminated fuel products on the market, and a …

Read More »

The future of Ghana’s oil and gas industry looks bright – Minister  

Mr Boakye Agyarko, the Minister of Energy, has expressed confidence in the country’s oil and gas sector saying the industry has the potential to create many jobs to help reduce unemployment in the society.  Mr Agyarko said the industry had a” bright future” and government was committed to championing robust …

Read More »

Operators of oil tank farms in New Takoradi urged to bury pipelines

The residents of New Takoradi a community in the Sekondi/Takoradi Metropolitan area have issued a warning to the owners of the various pipelines passing through the community to bury them underground.  They said failure to comply with the directive could lead to action by the community against the owners of …

Read More »

Ministry kick-starts gender streaming in energy sector

The Local Content Unit of the Petroleum Directorate of the Ministry of Energy on Monday started gender streaming in energy sector, which targets 12 senior high schools (SHS) in Western, Central and Volta Regions. Mr King A. Wellington, the Public Relations Officer of the Ministry of Energy, speaking to the …

Read More »

Maritime boundary dispute with Ivory Coast costing Ghana – PIAC

The maritime boundary dispute between Ghana and its western neighbour, Ivory Coast is costing the country money and delays in oil production in new fields. The Public Interest and Accountability Committee (PIAC) Annual  Report for 2016, released last week, said there was a 56 per cent increase in the amount …

Read More »

Government appoints Fidelity, StanChart lead Managers of GH¢10b energy bond

Government has appointed Fidelity Bank and Standard Chartered Bank as joint lead Managers for the  issuance of an Energy Sector Levy Act (ESLA) backed Bond to the tune of about GH¢10 billion. The amount is the total estimated legacy debt within the energy sector. The two banks were selected after government …

Read More »

Oil production in Ghana declines, despite additional TEN fields, six years after first oil – PIAC

Six years after Ghana started oil production in December 2010, and after progressively increasing production, the country experienced a drop in production in 2016, despite additional oil from the new Tweneboa, Enyenra and Ntomme (TEN) fields which started production in August last year. According to the annual report of the …

Read More »

Downstream petroleum market exhibit vitality

The downstream Oil Marketing sector picks up gradually in second quarter of the year after marginal turbulence in the first quarter, Mr Gyemfi Amanquah, Chief Operating Officer of GOENERGY Company Limited stated on Monday. Mr Amanquah told the Ghana News Agency in an interview that trading in the second quarter …

Read More »

GOIL introduces upgraded electronic prepaid fuel purchase card

The Ghana Oil Company Limited (GOIL) the nation’s foremost indigenous Oil Marketing Company (OMC) is to introduce an upgraded electronic prepaid card to assist customers reduce volume of physical cash business transaction. The upgraded GOIL Advantage Cards (G-Cards) also seek to provide existing and prospective customers to help manage fuel …

Read More »