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Oil & Gas

$4.5m Oil and Gas Capacity Programme to offer 200 Ghanaians jobs

Under the Accelerated Oil and Gas Capacity (AOGC) Programme $4.5 million has been secured from Aker Energy to push 200 Ghanaians into skilled upstream oil and Gas jobs, Mr Kojo Oppong Nkrumah, Minister of Information, has said. He said the training programme would start in January, 2019, and by December, …

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Minister accuses oil companies in Ghana of ‘exploiting the system’

Dr Mohammed Amin Adam, Deputy Minister for Energy, has expressed concern about the behaviour of some oil companies who fail to comply with the policies and regulations of local content. According to him some oil companies have specialized in “beating the system”, whilst other rely on local and foreign experts …

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Upstream petroleum service providers Association of Ghana launched in Takoradi

The Upstream Petroleum Service Providers Association of Ghana ( UPSPAG) has been launched in Takoradi to work with stakeholders in the oil and gas industry to  promote the interest of indigenous service providers and producers. The Association with 12 members has Dr Douglas Zormelo of Zormelo and Associates as the …

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GOIL consummates partnership with ExxonMobil

The Ghana Oil Company Limited (GOIL) has consummated the joint-operating agreement with EXXONMOBIL of the United States for Deep-water Cape three Points Area Oil exploration. The agreement between GOIL the nation’s foremost indigenous Oil Marketing Company (OMC) and ExxonMobil followed the completion of an elaborate and rigorous due diligence done …

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88% of gas stations in Kumasi in high risk zone – NPA

The National Petroleum Authority (NPA) says 23 out of the total 26 gas filling stations in the Kumasi metropolis, representing about 88 per cent, are in the high risk zone. Mr. Hassan Tampuli, the Chief-Executive, who announced this said the remaining three also sit in the medium risk zone. For …

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Allow us to exclude gas revenues worth $181m from petroleum revenues – Minister

The Ministry of Finance has proposed to Parliament to allow it to exclude gas revenues to the tune of $181.80 million from the projected petroleum revenues for 2019, while it devises ways of getting the Volta River Authority (VRA) to pay for the gas supplied it by Ghana Gas. Mr …

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Residents of six coastal districts unhappy with oil and gas companies

Data collected by the Western Regional Coastal Foundation (WRCF) has proven that there are perceived dissatisfaction among residents of the six coastal districts on activities of oil and gas operators within these districts. The data collected in the areas of health, economic, sanitation, infrastructure and education with regards to social …

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Energy Commercial Bank extends Initial Public Offer

Energy Commercial Bank Limited has extended its Initial Public Offer (IPO) to November 16, which was expected to end on Friday, November 2, 2018. This follows approval for extension by the Securities and Exchange Commission. A circular by the Ghana Stock Exchange indicates that the listing of all Energy Commercial …

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NPA to conduct integrity assessment of underground petroleum storage tanks

The National Petroleum Authority has announced plans to secure the services of a consultant to conduct integrity assessment of all underground petroleum products storage tanks including pipelines of retail outlets across the country by next year. The Authority had also issued directives for depot operators to ensure that their operations …

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Petroleum Authority says it has cut smuggling of products by 93%

The National Petroleum Authority (NPA) on Wednesday said the stringent measures it instituted to curb smuggling of products has drastically reduced diversion from 30 million litres last year to two million litres as at August, this year. It said the reduction represented about 93 per cent decline and saved the …

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