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Oil & Gas

AfDB and OpenOil launch report on how African governments manage extractive resources

The African Development Bank (AfDB) and OpenOil, a Berlin-based financial analysis firm, have jointly produced a report on how African governments use financial models to manage oil & gas and mining projects.  The report was launched at the 13th Annual General Meeting of the Intergovernmental Forum on Mining, Minerals, Metals …

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Over 700 Ghanaian businesses registered with Petroleum Commission

More than 700, Ghanaian businesses have  in the past 10 years  registered with the Petroleum Commission, Mr Benjamin  Boakye, Executive Director of  African Centre for Energy policy (ACEP) has said.     Mr Boakye said this during the 6th public session of Citizens Advisory Council in Takoradi.       The session was …

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There is no problem with gas stations in communities – Oil and gas Executive

Mr Ellis Prince Antsroe, Chief Executive Officer, Antils Oil and Gas has rejected suggestions that siting fuel and gas refilling stations at the outskirts of towns was the solution to gas explosions and its related loss of lives and property. “Settlements and businesses will always spring up around fuel stations, …

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Tullow Oil acquires 90% stake in four oil blocks in Côte d’Ivoire

Tullow Oil plc (Tullow), on Thursday, announced that it has acquired 90 per cent stake in four onshore blocks in Côte d’Ivoire. Petroci, the national oil company of Côte d’Ivoire, holds the remaining 10 per cent within the four acquired blocks namely, CI518, CI519, CI301 and CI302, which cover 5,035 …

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About 400 gas stations located in residential areas in Ghana

Mr Kojo Oppong Nkrumah, a Deputy Ministry of Information, has said about 400 gas stations are located in residential areas across the country. Meanwhile, the President has said that the Government would soon come out with a policy intervention to address the frequent gas explosions.     Both the President and …

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Stop extracting fossil fuels – Oilwatch Africa

Oilwatch Africa network, an environmental non-governmental organisation, has called on governments of oil producing countries to desist from the exploration of fossil fuels and rather invest in renewable energy as an alternative. The Oil Africa network said that governments will not only be putting an end to the world’s beckoning …

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Maritime boundary ruling will boost investor confidence – Terkper

The Former Finance Minister, Mr Seth Terkper has said the maritime boundary ruling in favour of Ghana would boost investor confidence and provide certainty in the country’s economic direction. Speaking to a section of journalists on the ruling, Mr Terkper said the economic case for International Tribunal for the Law …

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TEN oil field – ITLOS rules in favour of Ghana

Tullow Oil plc (Tullow) has expressed its commitment to continue to work with the Government of Ghana to put in place the necessary permits to allow the restart of development drilling of oil in the TEN fields. This follows a ruling by the Special Chamber of the International Tribunal of …

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Ghana, Côte d’Ivoire agree to abide by ITLOS decision

Ghana and Côte d’Ivoire have jointly agreed to abide by the decision of the International Tribunal for the Law of the Sea (ITLOS). The tribunal on Saturday, September 23, 2017, unanimously held that Ghana has not violated the sovereign rights of Côte d’Ivoire with oil exploration activities. It also held …

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ITLOS delivers judgement in Ghana, Cote d’Ivoire maritime boundary dispute

The International Tribunal for the Law of the Seas (ITLOS) today decided in the maritime dispute between Ghana and its western neighbour, Cote d’Ivoire. The decision was read by Judge Boualem Bouguetaia, President of the Special Chamber. The court found in most instances of the allegations brought by Cote d’Ivoire …

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