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Oil & Gas
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.…
President directs review of exploratory and petroleum agreements
President Nana Addo Dankwa Akufo-Addo has charged the Energy Ministry to review critically existing oil exploratory activities and petroleum agreements, as the country moves to ensure efficiency and transparency in the management of its oil…
Bank of Ghana holds key for reduction in fuel prices – GOIL
The Ghana Oil Company Limited (GOIL) on Monday asserted that the Bank of Ghana holds the key for reduction in the prices of fuel which is on the upper trajectory.
Mr. Alex Josiah Adzew, GOIL Chief Operating Officer explained in an…
Saint Louis Petroleum to build the second largest tank farm in Ghana
The Saint Louis Petroleum Company, a nascent oil and Gas Company, is to construct the second largest tank farm in Ahutuma in the Ahanta West Municipality of the Western Region.
The $300 million tank farm when completed, would offer job…
AfDB gives $1.5m worth of technical assistance to Ghana for energy efficiency
Mr Akinwumi Ayodeji Adesina, the President of the African Development Bank Group, says the Bank has provided technical assistance worth $1.5 million to Ghana towards removing barriers to investment in the renewable energy efficiency.…
Government can reduce fuel prices – PIAC
Dr Steve Manteaw, Chairman, Public Interest and Accountability Committee (PIAC), has said government could reduce fuel prices following gains made in the 2018 budget projections.
“2018 is a good year. Government at the beginning of…
Ghana Cylinder Manufacturing Company gets new Board
A new Board was on Friday inaugurated for the Ghana Cylinder Manufacturing Company (GCMC) with a call on members to work in harmony to make the Company a more viable entity.
Mr Joseph Cudjoe, the Deputy Minister of Energy, who supervised…
Energy Commercial Bank launches IPO to raise GH¢340m
Energy Commercial Bank on Tuesday launched its Initial Public Offering (IPO) to raise GH¢340 million from the Ghanaian investing public as the lender prepares to meet the Regulator’s new threshold for capital requirements.
The offer for…