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Oil & Gas

Underrepresentation of women on oil and gas boards is a concern

Growing women’s underrepresentation in governing boards of Ghana’s oil and gas institutions has triggered concern over the deteriorating gender inequality in the sector. Government has signed many conventions including the elimination of all forms of discrimination against women, the Benjin platforms for action and  United  Nation  declaration  on  the  elimination  of violence against women. …

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NPA embarks on education on handling of petroleum products

The National Petroleum Authority (NPA), has embarked on a campaign to educate the public on the need to handle petroleum products with care in order to avoid accidents. Mr Yaro Kasambata, the Public Relations Manager (PRM) of the NPA said the institution is worried about the fire out breaks caused …

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Ghana Gas can’t service CDB loan due to VRA debt – CEO

Dr George Ajah-Sipa Yankey, the Chief Executive Officer (CEO) of the Ghana National Gas Company (GNGC), says the Volta River Authority is indebted to the Gas Company to the tune of over $350 million for the supply of lean gas for power generation. As a result of VRA’s indebtedness, he …

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Kosmos Energy to convert FPSO to permanently spread moored facility

Kosmos Energy, one of the oil production companies working on Ghana’s oil fields says following damage to the turret bearing of the FPSO Kwame Nkrumah, identified in February 2016, the vessel is likely to be converted to a permanently spread moored facility. “Kosmos and its Partners have made excellent progress …

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Jubilee fields produce 37.1 million barrels of oil in 2015, with total receipts of $374m

Ghana produced more oil in 2015 from the Jubilee oil fields than the country did in 2014. Figures published by the Public Interest and Accountability Committee in its 2015 annual report indicates that 37,167,225 barrels of oil was produced, compared to 36,988,315 barrels in 2014. Tullow Oil lifted 13 times …

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Deregulation bolsters oil marketing sector – Expert

Deregulation has bolstered operations of the Oil Marketing Companies (OMCs) but government needs to roll-out phase two of the process to allow OMCs fix prices based on geographical location, Mr Henry Akwaboah, an industrial expert, has said. He noted that the National Petroleum Authority (NPA) must allow OMCs to quote …

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Ghana government to start exploration in onshore Voltaian Basin

Mr Daniel S. Amlalo, the Executive Director of Environmental Protection Agency (EPA), has disclosed that the Government has initiated processes to commence exploration activities in the onshore Voltaian Basin. He said geological survey carried out in the Voltaian Basin by the Soviet Geological Survey Team between 1962 and 1966 showed …

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Stolen $50b crude oil from Nigeria in 10 years, found in Europe, America and Asia

Nigeria’s Vice President, Yemi Osinbajo, talked tough on crude theft during the June 1, launch of Ogoni clean up earlier recommended by the United Nations Environmental Protection (UNEP). He has all reasons to do so. Crude theft, not even the series of attacks on oil installations, is, according to a …

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GNPC scales up oil exploration preparations in Voltaian Basin

Preparations towards oil and gas exploration in the Voltaian Basin has gathered momentum as series of stakeholders’ forums to comprehensively address all environmental concerns are held. Heads of department and coordinating directors drawn from the various districts across the Eastern Region were on hand at one of such forums in …

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