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Oil & Gas
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…
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…
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…
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…
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.…
Citizens must see tangible funded oil projects – Report
The Annual Budget Funding Amount (ABFA) of Ghana’s oil contribution to development in agriculture and education in the northern sector should make funded projects visible to citizens, says a SEND-Ghana report.
The 2016 report titled:…
It’s risky funding free SHS solely with oil money – PIAC
Dr Steve Manteaw, Chairman of the Public Interest and Accountability Committee (PIAC), has said it is risky for Government to rely solely on oil revenue to fund the free Senior High School (SHS) programme.
He said the country must…
Tullow Ghana to drill eight new wells
The management of Tullow Oil Ghana Limited has said it will drill up to eight infill wells in 2019.
Mr Kweku Awotwi, the Managing Director, Tullow- Ghana, said the rig agreements gives the company maximum flexibility to optimise the…
TOR discharges crude oil for refining
The Tema Oil Refinery (TOR) is expected to complete the discharging of about 950,000 barrels of crude oil on Tuesday as it prepares its boilers for refining fuel after several months of shut down.
A source at the Refinery told the Ghana…
New military base for protection of Ghana’s oil resources – Akufo-Addo
Government has signed a contract for the construction of a Forward Operating Base at Nzulebu in the Western region to enable the Ghana Navy to better protect Ghana's oil resources, President Nana Addo Dankwa Akufo-Addo has said.…