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Oil & Gas

Ghana government committed to petroleum sector deregulation – Buah

Mr Armah-Kofi Buah, Minister of Petroleum says government is committed to the path of price deregulation in the petroleum downstream sector, so that the market could determine the prices of products. Speaking at a cocktail to celebrate the launch of Puma Energy Distribution Ghana, he noted that the deregulation process …

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Accra to host 7th oil, gas and power summit

Accra will from April 20 to 21, host the 7th “Ghana Summit – Oil, Gas and Power” – an annual event committed to driving Ghana’s oil, gas and power sectors forward. The summit is continually endorsed and attended by the Ministry of Petroleum, Ministry of Power, Petroleum Commission, Ghana National …

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Ghana issues first onshore oil exploration license

The Swiss African Oil Company, a subsidiary of Swiss African Petroleum AG, and PET Volta Investments, have been awarded a new exploration and production license at the Keta Delta block, in the Volta Region. “The acquisition makes Swiss African Oil and PET Volta the first to explore for oil onshore …

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Ghana launches open data dashboard for extractive industries

The Ghana Extractive Industry Transparency Initiative (GHEITI), in partnership with the Natural Resources Governance Institute (NRGI), has launched an open data dashboard to make data on the extractive industry easily accessible and usable. The dashboard, which was launched alongside the 2014 GHEITI reports on mining and oil and gas, is …

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Ghana earns GH¢1.1b from mining in 2014 – Quartey

Mrs Mona Quartey, Deputy Minister of Finance and Economic Planning, has said the mining and oil and gas sectors have made significant contributions to the economy of Ghana. She said: “total revenues that accrued to government from the mining sector was GH¢1,146,202,977 in 2012, GH¢1,104,047,314 in 2013 and GH¢1,192,692,542 in …

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Ghana government violating Petroleum Revenue Management law

The Government of Ghana appears to be violating Ghana’s Petroleum Revenue Management Act (PRMA), passed by Parliament to guide the utilization of revenues from Ghana’s modest petroleum resources. According to the report on petroleum revenues for the first half of 2015, an amount of $56.69 million was for the first …

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Jubilee Partners launch livelihood diversification project for fishers

The Jubilee Oil Field Partners have introduced the Livelihood Diversification and Support Project (LDSP) to improve and enhance the economic lifestyle of fishermen in the six coastal districts of the Western Region. The six coastal districts have fishing as their main economic stay but with the advent of the oil …

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Puma Energy says to open terminal at Kotoka International Airport

Puma Energy has plans to inaugurate a terminal at the Kotoka International Airport (KIA) in April, officials of the company have said. In a statement issued to the media on the vision and activities of the company, and a planned visit to its retail service centre at Oyarifa, in the Greater …

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Energy Ghana introduces app ranking OMCs’ fuel prices

Energy Media Group brand, Energy Ghana, has launched Gh Fuel Prices, a fuel rating app seeking to rank Oil Marketing Companies (OMCs) and update consumers regularly on prices of diesel, petrol, kerosene and liquefied petroleum gas. The latest app introduced into the Ghanaian market also aims to give fuel consumers …

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FPSO maintenance, low WAPCo gas to affect power supply

Ghana Grid Company has announced that the stability of electricity supply will be disrupted over the next few days due to a maintenance shutdown of the FPSO Kwame Nkrumah and low gas inflows from the West African Pipeline. A statement issued by GRIDCo and signed by William Amuna, its Chief …

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