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Oil & Gas

Italian producer Eni is biggest foreign investor in Ghana oil sector in 2017

The oil sector in Ghana received the largest chunk of foreign direct investments in 2017 with Italian oil company, Eni being the biggest foreign investor in the country that year. Ghana became an oil producer in December 2010 three years after the country announced it had found oil in commercial …

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Government will ensure reliable and affordable gas supply – Amewu

Mr John Peter Amewu, the Energy Minister, on Tuesday, assured domestic and commercial power consumers that, government would provide the requisite infrastructure and conducive business environment for Independent Power Producers (IPPs) to meet their power generation capacity. He said energy was an important component in every country’s industrialisation drive and …

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Ghana’s Accelerated Oil and Gas Capacity programme gets a boost

Aker Energy has committed to support Ghana’s Accelerated Oil and Gas Capacity (AOGC) initiative with an amount of $4.5 million, Mr Jan Arve Haugen, Chief Executive Officer of Aker Energy has announced in Stavanger, Norway. He said that amount would be part of its contribution towards the development of Ghana’s …

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Petroleum Commission receives high marks in Norway for successful trade mission

Ghana’s delegation to the just ended 2018 Offshore North Sea (ONS) Conference and Exhibition in Stavanger, Norway, has hailed the trade mission as a huge success – open up new opportunities for investment in the country’s oil and gas sector. Over 40 Ghanaian businesses participated in the four-day global event, …

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Petroleum Commission leads second trade mission to Norway

The Petroleum Commission, Ghana, is leading 40 Ghanaian companies to Stavanger, Norway, one of the world’s largest exporters of oil, to explore oil and gas production opportunities in the upstream sector to help boost Ghana’s sector. The visit, which, coincides with the Offshore North Sea (ONS) Conference, a major petroleum …

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PIAC takes accountability on petroleum revenue to Upper East

The Public Interest and Accountability Committee (PIAC) is embarking on a weeklong accountability and evaluation exercise in five selected Municipal and District Assemblies in the Upper East Region. The Assemblies include: the Kassena-Nankana Municipal, Builsa South, Builsa North, Bongo and Garu districts. The exercise is in fulfilment of the Petroleum …

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PIAC advocates more infrastructure for schools

The Public Interest and Accountability Committee (PIAC) has expressed concern about the infrastructural development in Senior High Schools (SHSs) in the Northern, Upper East and Upper West Regions. They have therefore called on government to expand their facilities to cater for the teeming number of students. Dr Thomas Kojo Stephens, …

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Sankofa delivers first gas to Ghana power producers – Vitol

The oil company, Vitol today August 20, 2018 announces that the Offshore Cape Three Points (OCTP) has made its first gas delivery from the Sankofa field to the Ghana National Petroleum Corporation (GNPC). In a press release copied to ghanabusinessnews.com, Vitol says the deliveries are the beginning of what it …

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Ghana is capable of running free SHS with proceeds from natural resources – Manteaw

Dr Steve Manteaw, Chairman of the Public Interest and Accountability Committee, over the weekend said compared to other African countries, Ghana is more capable of funding the free senior high school programme. He said for instance when Uganda started a similar programme in 2007, its GDP was $12 billion with …

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NPA clears Globex Energy of tax evasion

The National Petroleum Authority (NPA) has cleared Globex Energy Limited to do business in all petroleum downstream activities. Earlier in a press release, the NPA suspended Globex Energy Limited together with other oil companies over tax evasion. A spokesperson for the company, by a letter dated August 3, 2018, said …

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