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Oil & Gas

Stakeholders discuss risk management in the oil and gas sector

The Institute of Risk Management Professionals Ghana (IRMPG) has held a day’s forum to discuss risk management in the oil, gas and energy sector and prescribe potential management plans. The meeting, which gathered experts in the industry also showcased modern technology tools and management practices that, could be used to …

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40 Ghanaian companies to go on oil and gas trade mission

The Petroleum Commission is leading a delegation of over 40 Ghanaian companies on a week’s oil and gas trade mission to Aberdeen, Scotland. The goal is to engage with their Scottish counterparts seeking business opportunities in Ghana’s upstream petroleum industry. A press release issued by the Commission said the maiden …

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Due diligence is done before allocating oil blocks – Commission 

Mr. Martin Kodom, an Assistant Geophysicist, Ghana Petroleum Commission, says due diligence is done before allocating oil blocks to companies for exploration or drilling.    “Allocation of oil blocks is a critical issue in view of its impact on the country and the people, both short and long term, therefore …

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Delayed payment hinders oil-funded school project

A 6-unit classroom block project at the Akenten Presbyterian Primary School in the Sene West District of the Brong Ahafo Region, funded with oil revenue, has stalled for more than 6 years. This is due to the inability of the implementing agency, the Ministry of Education, to release funds on …

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Ghana needs more facilities to ensure continuous flow of fuel

A Deputy Minister of Energy says Ghana needs to acquire more facilities that would ensure the constant flow of fuel to forestall shortages even in times of disaster. According to Dr. Mohammed Amin Adam, “Every nation dealing with petroleum products would want to have facilities for security of supply and also …

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Tullow to focus on oil production in Ghana

Tullow Oil is focusing on growing its production in Ghana after the International Law of the Sea (ITLOS) ruling in late 2017 and the approval of the Greater Jubilee Full Field Development Plan.  It is also interested in making further investments in new oil blocks off Ghana’s coast as part …

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GNPC, Rosneft sign gas supply agreement

The Ghana National Petroleum Corporation (GNPC) has signed a twelve-year agreement with Rosneft, a Russian integrated energy company, for the supply of natural gas to the country. The supply contract is a hybrid Liquefied Natural Gas (LNG)/Gas supply agreement, where Rosneft would deliver LNG to a regasification terminal located at …

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PIAC finds oil money funded school project in Nkoranza being eaten by termites

Barely three years after the completion of a six-unit classroom block for the Nkoranza Anglican Primary School in the Brong Ahafo Region, termites have started destroying the doors with the handles and locks falling off. The project, partly funded with oil revenue, was awarded for contract in 2012 at a sum …

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Ghana Gas to shut down supply for 21 days

The Ghana National Gas Company (GNGC) plans to shut down gas supply to the Aboadze power enclave for 21 days, starting May 28, 2018. The shutdown is to allow for turret remediation works at the Floating Production and Storage Offshore (FPSO) Kwame Nkrumah, a combined statement issued by the Volta …

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President must call Energy Minster to order on TOR conversion – TDCL

The Tema District Council of Labour (TDCL) has petitioned President Nana Addo Dankwah Akufo-Addo to call to order Mr Boakye Agyarko, Minister of Energy, on the proposed conversion of Tema Oil Refinery (TOR) into a tank farm. Mr Agyarko is reported to have stated in Houston, Texas in the United …

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