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Oil & Gas

Ghana to establish new gas power plant at Beyin

Cummins Cogeneration Limited (CCL) a UK based group, and Wuta Energy, an independent power producer in Ghana, have signed an agreement to set up a mega gas power plant in the Western Region by August 2016. Dubbed: “The Beyin Power Project,” it is expected to produce 140MW gas fired power …

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Petroleum Minister promises to scale up distribution of free LPG cylinders

Mr Emmanuel Armah-Kofi Buah, Minister for Petroleum says government under the Rural Liquefied Petroleum Gas (LPG) Programme will scale up the distribution of free cylinders, cookstoves and related accessories to beneficiaries in low access areas. He said this was being done to enable rural dwellers switch easily from wood fuels …

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Government developing local content for petroleum downstream sector – Veep

Vice President Kwesi Amissah-Arthur has announced that government is currently developing a local content policy for the petroleum downstream sector with the objective of attracting and increasing local value-added investments into the downstream petroleum industry. Vice President Amissah-Arthur announced this when he opened the 1st Ghana International Petroleum Conference (GhipCon) …

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Ghana pushes upstream oil production prospects

  Ghana has pushed upstream prospects in oil production, Mr Theo Ahwireng, Acting Chief Executive of the Petroleum Commission has said. “Considering the impact of the depressed oil prices on project cuts in the industry, it is without doubt that Ghana has come out strong with its key projects such …

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OMCs review fuel prices downward

Oil Marketing Companies (OMC) have reduced the retail prices of petroleum products at the Mid-October review period pegging Super between GH¢2.859 and GH¢2.820 whilst the prices of diesel is fixed between GH¢2.769 and GH¢2.720. Engen Ghana Limited has pegged the price at GH¢2.820 per litre for Super and GH¢2.730 per …

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GOIL absorbs subsidy on fuel prices – MD

Ghana Oil Company Limited (GOIL), the only indigenous downstream oil marketing company in the country has absorbed over GH¢0.638 per litre on Super and GH¢0.639 per litre on Diesel since the inception of the deregulation regime in June. Prices of petroleum products at GOIL’s filling stations across the country has …

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Ghana committed to building oil and gas industry – Minister

Mr. Emmanuel Armah-Kofi Buah, the Minister of Energy and Petroleum, has said Ghana would relentlessly grow its oil reserves in order to ramp up and sustain oil and gas production. Speaking at the Ministry’s turn at the Meet the Press forum in Accra, he said in order to build an …

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Don’t hide truth about energy crisis – K. B. Asante tells government

A Ghanaian Statesman and retired Diplomat, Mr. Kwaku Baprui (K.B) Asante,  has urged Government not to be afraid  to tell Ghanaians, if the country did not have the money to pay for oil or gas to generate electricity. His comments came at a time that Nigeria Gas (N-Gas), operators of the West African Gas …

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VRA owes WAPCo $181m for gas supply

Mr Walter Perez, Managing Director of West African Gas Pipeline Company (WAPCo), said the Volta River Authority (VRA) has received gas and pipeline-related transportation service totaling $231 million. He said out of the said amount, the VRA has paid only $ 50 million with an outstanding balance of $181 million. …

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BOST to export petroleum products – MD

The Bulk Oil Storage and Transportation (BOST) Company Limited is to export petroleum products to neighbouring countries of Burkina Faso, Niger and Mali. The Managing Director (MD) of the Company, Mr Kingsley Kwame Awuah, who disclosed this during the re-commissioning of the Bolgatanga Fuel Storage and Distribution Depot on Monday, …

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