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Oil & Gas

GOIL plans to enter West African petroleum market – CEO

Mr Patrick Kwame Akpe Akorli, Group Chief Executive Officer of GOIL Company Limited on Thursday announced that the Company as part of its strategic plans intends to expand its presence in West Africa. “GOIL as part of a broader strategic plan to become a major player in the petroleum industry …

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Free Zones to build multipurpose Oil and Gas Industrial Parks

Michael Okyere Baafi, Chief Executive Officer of the Ghana Free Zones Authority (GFZA), on Tuesday said the Authority intends to build a state-of-the-art Export Processing Zones (EPZ) and Multipurpose Industrial Parks in Shama and Takoradi. The two facilities are expected to support light and heavy industrial Oil and Gas specific …

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Local gas market has significant potential to transform economy – GNPC

The local gas market is relatively small, but has significant potential to transform the economy, Mr Hamis Usif, Manager, Gas Business, Ghana National Petroleum Corporation (GNPC), has said. He noted that, the local gas market is relatively stable with demand driven mainly by power demand and growing at 7.3 billion …

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Transparency is expensive but it pays – GNPC

Mr Dennis Baidoo, the Marketing Manager of the Ghana National Petroleum Corporation (GNPC), a commercial vehicle marketing the nation’s oil has said, transparency, although expensive, has made the Corporation vibrant in its operations. “The biggest lesson learnt over the years by the GNPC in marketing the nation’s crude oil is …

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PIAC urges government to desist from using oil to acquire loans

Dr Steve Manteaw, Chairman of the Public Interest and Accountability Committee (PIAC) has appealed to the Government to desist from using the nation’s petroleum resources as collateral for loans. “We should desist from contaminating the crude oil trade with other economic transactions such as loan agreements and the rest. And …

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Allow TOR to refine Ghana’s crude oil – Isaac Osei

Mr Isaac Osei, Managing Director of the Tema Oil Refinery(TOR), says the country’s refinery must be allowed to refine portions of Ghana’s crude oil for the local market instead of selling all on the international market. Mr Osei noted that at the moment, Ghana National Petroleum Corporation (GNPC) sells  all …

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GNPC awards scholarships to 200 Ghanaians to study in Cuba

The Ghana National Petroleum Corporation (GNPC) has awarded scholarships to 200 Ghanaian students (170 undergraduates and 30 post graduates) to study medicine in Cuba. The GNPC is sponsoring them in conjunction with the Ministry of Foreign Affairs and Regional Integration (MoFARI) and the Ghana Scholarship Secretariat in collaboration with the …

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Eni announces another gas discovery at Cape Three Point Block 4 offshore Ghana

Italian oil company Eni says it has made a gas and condensate discovery in a Cape Three Point Block 4 (CTP-Block 4), offshore Ghana. In a press release copied to ghanabusinessnews.com Eni says the well which was drilled on the Akoma exploration prospect, proved an estimated volume between 550 and …

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Oil contracts negotiated for the country must have interest of citizenry – Dr. Manteaw

Those who negotiate resource contracts in the name of the Republic must bear in mind that they do so on behalf of the citizenry. “They owe us explanations for what they do with the power we have vested in them.” Dr Steve Manteaw, a policy analyst said this in Accra …

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