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Oil & Gas

Assembly to turn Kpone landfill site into synthetic diesel hub – MCE

Mr. Solomon Tettey Appiah, Municipal Chief Executive (MCE),  Kpone–Katamanso Municipal Assembly (KKMA), says the Kpone landfill site will soon become a synthetic diesel producing hub. According to Mr Appiah, the landfill site which is a dumping site for various waste management companies operating in Accra, and Tema and their environs, …

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CSOs launch report on corruption in extractive sector

A report on corruption in the extractive sector has been launched and pushed for legislative and institutional reforms to remove potential corruption enablers in the mining, oil and gas industry. It is titled; “Lifting the Veil on the Typology and Nature of Corruption Risks in Ghana’s Extractive Sector” and was …

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Fifty-eight oil companies qualify for next licensing stage

The Ministry of Energy has said the Licensing Round Committee on December 21 opened applications for prequalification received from interested companies who submitted Expression of Interest (EoI) for the competitive bidding for three Blocks in the Western Basin. Overall, sixteen high calibre companies with proven track records submitted a total …

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Some 16 companies apply for three oil blocks in Ghana

The Energy Ministry has announced that the Licensing Round Committee, on Friday December 21, opened applications for prequalification received from interested companies who submitted Expression of Interest (EoI) for the competitive bidding for three blocks. The three blocks are (GH_WB_02, GH_WB_03 and GH_WB_04) in the Western Basin and direct negotiations …

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Fuel prices to decline by 5.8% averagely this week

Prices of petroleum products are expected to decline this week following the stability of the cedi against the major international trading currencies and reduction of world prices of fuel. Mr Pius Enam Hadzide, a Deputy Minister of Information, addressing journalists in a news briefing, in Accra on Sunday, said the …

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Takoradi Port to become host to oil and gas companies

The Takoradi Port is gradually equipping itself in terms of infrastructure to play host to the many oil and gas companies and industry players operating in the Western Region as well as create  jobs. The search for partner for the development of the Port into an oil and gas hub …

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Parliament approves over GH¢500m budget for Energy Ministry

Parliament has approved an amount of GH¢500,964,480, being the budget estimates, of the Ministry of Energy for the 2019 fiscal year. The allocation is to help the Ministry implement its programmes and activities for the year 2019. Mr Emmanuel Akwasi Gyamfi, Chairman of the Committee on Mines and Energy, who …

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GNPC to build operational head office in Western Region

The Chief Finance and Administration Officer of the Ghana National Petroleum Commission (GNPC), Ms Comfort Aniagyei, has said the government would not renege on plans to relocate the operational head office from the Greater Accra Region to the Western Region. She said the government was in the process of acquiring …

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Tullow Oil says it will pay dividend to government from 2019

Mr Kweku Awotwe, the Managing Director of Tullow Oil Ghana says beginning next year, the company will start paying dividend to the government. This he said, follows the company’s’ ability to service its debts that was in excess of $4 billion in the last twelve months. Mr Awotwe, who announced …

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Tullow estimates Ghana oil production to go up to 180,000 barrels next year

Tullow-Ghana’s drilling program is targeting a significant growth production from around 147, 000 barrels to 180,000 in 2019. The company was working to strengthen and grow its business in Ghana by tapping into additional exploration opportunities. Mr Kweku Awotwe, the Managing Director of Tullow- Ghana, told the media in Takoradi …

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