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Oil & Gas

NPA taking measures to track fuel station integrity – CEO

Mr Moses Asaga, the Chief Executive Officer of the National Petroleum Authority (NPA), says NPA has put in place stringent measures to effectively monitor, enforce, and tighten the relevant regulations on the establishment of filling stations in communities. Mr Asaga said new technological equipment had also been installed to track …

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Petroleum industry asked to offer NVTI students placement

Assistant Manager at the Charlotte Dolphin National Vocational Training Institute (NVTI) at Sanzule in the Western Region, Mr Nathaniel Aboroborah has appealed to the petroleum company Eni Ghana Ltd, to absorb students from the Institute to do their practical internship. The move, he noted, would endow the students with skills …

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Total to invest over GH¢160m capital – MD

Total Petroleum Ghana Limited, as part of its three year investment programme (2014 – 2016), would invest over GH¢160 million into products and services to ensure consumer satisfaction. Mr Oliver Van-Parys, the Managing Director of Total Petroleum Ghana Limited, said the company’s investments in 2015 reached a level of GH¢51.1 …

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TOR is not for sale – President Mahama

President Mahama on Monday gave the assurance that government would do everything under its purview to help the Tema Oil Refinery (TOR) regain its position in the refinery industry. He said:”Government has no intention of selling the Tema Oil Refinery and we will rather assist TOR to re-establish itself as …

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Tullow weighs three options to fix FPSO Nkrumah

Tullow is considering three options on the table to fix the broken turret bearing of jubilee floating production storage and offloading (FPSO) vessel – FPSO Kwame Nkrumah, before resuming full operation, a company official has said. The company shut down operations in March this year after it noticed a broken …

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Outlook of oilfield, drilling industry still negative – Moody’s

Credit rating agency, Moody’s says the global outlook for the oilfield services (OFS) and drilling industry continues to be negative as the sector experiences a severe downturn from low oil prices and reduced spending by exploration and production companies. The agency said in a new report “Depressed Energy Prices Continue …

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Commission finalizes petroleum measurement regulations to get Ghana fair share

The Petroleum Commission is on the verge of introducing petroleum measurement regulations to standardize petroleum measurements in the upstream sector and ensure Ghana gets its fair share of revenue from oil and gas production. The draft regulations, part of the Petroleum Exploration and Production Bill currently in parliament, are being …

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Ghana needs commodities fund – Dr Manteaw

Dr Steve Manteaw, Co-Chair of the multi-stakeholder Committee of the Ghana Extractive Industry Industries Transparency Initiative (GHEITI), has highlighted the need for a commodities Fund, to manage shocks to the economy from commodity price fluctuations. He said the fund should be set up along the lines of what had been …

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Efforts being made to restore FPSO – Petroleum Commission

The Petroleum Commission, the upstream petroleum regulator, says efforts are being made to ensure that the FPSO Kwame Nkrumah resumes operations in the Jubilee fields safely and as soon as possible. The Petroleum Commission said in a statement issued on Monday April 25, and copied to ghanabusinessnews.com that it is …

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