Home / Oil & Gas (page 30)

Oil & Gas

EPA yet to apply Akoben rating in Ghana oil sector

The Environmental Protection Agency (EPA) is yet to apply its environmental rating mechanism dubbed “Akoben Rating” in the oil sector, more than six years after Ghana started oil production in commercial quantities. The Akoben Rating system, which was introduced in the mining and industrial sectors since 2011, is a voluntary …

Read More »

Tullow Oil, Kosmos Energy in ‘world’s worst’ tax havens

Two major players in Ghana’s oil sector are registered in the ‘world’s worst’ tax havens a new report by Oxfam says. Tullow Ghana Limited and Kosmos Energy Ghana Limited are registered in Jersey and Cayman Islands respectively, jurisdictions which fall within the ‘worst’ territories according to the report released on …

Read More »

BOST commends media for watchdog role in petroleum sector

The Bulk Oil Storage and Transportation Company Limited (BOST) has commended the media for active role in the energy sector especially scrutinizing players in the petroleum industry. Mr Kingsley Kwame Awuah-Darko, Managing Director of BOST who commended the media noted that: “It was you who strengthened our resolve to succeed …

Read More »

TOR calls on workers to support incoming administration

The Tema Oil Refinery (TOR) has held its annual thanksgiving service with a charge to workers to fully support any administration appointed to take over after January 7, 2017/ The nation’s refinery managers who are mostly politically appointed, anticipate a new management when the National Democratic Congress (NDC) hands over power …

Read More »

Unions say TOR, BOST made gains in 2016

The Tema Oil Refinery (TOR) and Bulk Oil Storage and Transportation Company Limited (BOST) workers’ unions have denied media reports suggesting they recorded a loss in revenue of GH¢32 million between January and September this year. The two unions at a joint press conference described the media report as palpable …

Read More »

PIAC seeks $9.5m to fund strategic plan

The Public Interest and Accountability Committee (PIAC) has launched a comprehensive plan to reform the Committee to better track government’s application of the petroleum revenue for improved living conditions of its citizenry. About $9.5 million would be required for the successful implementation of the five-year strategic arrangement, which served as …

Read More »

CSO organises oil and gas governance poll

The Civil Society Platform on Oil and Gas (CSPOG) has presented its oil and gas governance poll outcome for public scrutiny. The People’s National Convention (PNC) came first with full complement of oil and gas policies and programmes, translating into 65 percentage points while the Convention People’s Party (CPP) came …

Read More »

Ghana spends $2.6b importing petroleum products in 2013 – Terkper

Mr. Seth Terkper, the Minister of Finance says in 2013, government spent a whopping $2.6 billion to import finished petroleum products from Europe for local consumption.  The Minister, noted that the country needs stronger indigenous oil marketing companies (OMCs) to propel the economy. “With a growing Oil and Gas economy, …

Read More »

TEN field produces 800,000 barrels of oil so far – Minister

To date, the Tweneboa, Enyenra and Ntomme (TEN) field has produced about 800,000 barrels of oil, and the gas export to the Gas Processing Plant (GPP) is expected to begin in the 1st quarter, 2017, the Minister of Petroleum has said. According to Mr Emmanuel Kofi Armah-Buah,the approval of a …

Read More »

Political tag is impeding operations of PIAC – Official

The fear of the “partisan political” tag is creating a great challenge to the operations of the Public Interest Accountability Committee (PIAC), says Dr Steve Manteaw, a member of the Committee. PIAC is a citizens-led statutory body established under section 51 of the Petroleum Revenue Management Act (Act 815) to …

Read More »