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Oil & Gas

VRA, ECG, GRIDCO allay fears over impending ‘dumsor’

Stakeholders in the power sector have put in adequate measures to mitigate the impact of the shortfall in power production arising from the planned shutdown of the Ghana National Gas Company (GNGC) for maintenance. A joint statement issued by the Volta River Authority (VRA), Ghana Grid Company Limited (GRIDCO) and …

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Siemens Ghana launches oil and gas training programme

Siemens Oil and Gas Limited, Ghana has launched an Oil and Gas sector training programme to help build local capacity in the energy sector as its commitment to assisting Ghana to meet her expanding energy needs. The training programme, developed by Siemens Oil and Gas Equipment Ltd, together with its …

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VRA debt to Ghana Gas Company rises to $306.10m

The Public Interest and Accountability Committee (PIAC) has called on the Ministries of Finance and Energy to urgently prevail upon the Volta River Authority to settle its indebtedness to the Ghana National Gas Company. It said this was in order to prevent the VRA’s debts to GNGC from spiralling to …

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Local company announces production of ethanol from cassava

Ghana’s first ethanol plant at Hodzo, in the Ho Municipality has produced 150,000 litres of ethanol from cassava between June and December, 2016. Kasapreko Company Limited (KCL), a large importer of ethanol, with 40 per cent shares in Caltech Ventures, operators of the plant, lifted the product. Mr Chris Quarshie, …

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EPA yet to apply Akoben rating in Ghana oil sector

The Environmental Protection Agency (EPA) is yet to apply its environmental rating mechanism dubbed “Akoben Rating” in the oil sector, more than six years after Ghana started oil production in commercial quantities. The Akoben Rating system, which was introduced in the mining and industrial sectors since 2011, is a voluntary …

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Tullow Oil, Kosmos Energy in ‘world’s worst’ tax havens

Two major players in Ghana’s oil sector are registered in the ‘world’s worst’ tax havens a new report by Oxfam says. Tullow Ghana Limited and Kosmos Energy Ghana Limited are registered in Jersey and Cayman Islands respectively, jurisdictions which fall within the ‘worst’ territories according to the report released on …

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BOST commends media for watchdog role in petroleum sector

The Bulk Oil Storage and Transportation Company Limited (BOST) has commended the media for active role in the energy sector especially scrutinizing players in the petroleum industry. Mr Kingsley Kwame Awuah-Darko, Managing Director of BOST who commended the media noted that: “It was you who strengthened our resolve to succeed …

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TOR calls on workers to support incoming administration

The Tema Oil Refinery (TOR) has held its annual thanksgiving service with a charge to workers to fully support any administration appointed to take over after January 7, 2017/ The nation’s refinery managers who are mostly politically appointed, anticipate a new management when the National Democratic Congress (NDC) hands over power …

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Unions say TOR, BOST made gains in 2016

The Tema Oil Refinery (TOR) and Bulk Oil Storage and Transportation Company Limited (BOST) workers’ unions have denied media reports suggesting they recorded a loss in revenue of GH¢32 million between January and September this year. The two unions at a joint press conference described the media report as palpable …

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PIAC seeks $9.5m to fund strategic plan

The Public Interest and Accountability Committee (PIAC) has launched a comprehensive plan to reform the Committee to better track government’s application of the petroleum revenue for improved living conditions of its citizenry. About $9.5 million would be required for the successful implementation of the five-year strategic arrangement, which served as …

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