Home / Oil & Gas (page 5)

Oil & Gas

Ghanaian OMC field choked – Energy Expert

Mr Kwame Kessie, Energy Consultant on Friday averred that the local downstream oil marketing sector is choked as about 90 officially registered companies with the Association of Oil Marketing Companies (AOMCs) with scores of them as non-members. Mr Kessie who is the Managing Director of Mocoh Ghana Limited called for …

Read More »

Aker Energy announces $4.5m support for capacity building

Aker Energy has announced a $4.5 million support for government’s Accelerated Oil and Gas Capacity-Building Programme (AOGC) aimed at enhancing the capacity of Ghanaians to enable them work in the oil and gas sector. The programme, to be in effect for five years, would train individuals in various technical and …

Read More »

Ghana to save $300m annually for generating electricity with gas

Vice President Dr Mahamudu Bawumia on Wednesday said Ghana would save $300 million annually upon the successful completion of the reverse flow of natural gas from the Aboadze Power enclave to Tema for power generation. The move, he said, would make the country self-sufficient in using gas for electricity generation …

Read More »

Ghana Gas attributes power outages to tie-in of pipeline system

The Government has attributed the recent intermittent power outages experienced by domestic and commercial power consumers to the total shutdown of the Ghana Gas pipeline system to ensure effective inter-connection with the West Africa Gas Pipeline Company (WAPCo). The tie-in of the two companies’ systems is to ensure reverse flow …

Read More »

South Sudan plans to triple oil production by end of 2019

South Sudan plans to nearly triple daily oil production from the current 350,000 barrels daily to around 1 million barrels daily by end of 2019, a South Sudanese diplomat said on Monday. James Morgan, South Sudan ambassador to Ethiopia and the African Union, said with his country enjoying relative peace …

Read More »

Ghana spends more than GH¢790m of oil money on roads – PIAC

Mr Thomas Kojo Stephens, Vice Chairman of the Public Interest and Accountability Committee (PIAC)  has  called  for proper guidelines in the selection of priority areas when it comes to the execution of petroleum fund projects in the country . He also suggested to the government to select four priority areas …

Read More »

Cabinet approves new Downstream Petroleum Policy

Cabinet on Thursday, March 14, approved a new Downstream Petroleum Policy framework to ensure a Ghanaian-driven and Ghanaian-owned industry capable of attracting increased local and value-added investments and enhance job opportunities. The policy would also increase indigenous knowledge expertise and technology for the overall benefit of all Ghanaians. Mr Kojo …

Read More »

US to become major oil exporter by 2024 – report

The US will become the world’s second major oil exporting country by 2024, overtaking Russia and closing in on Saudi Arabia, the top oil exporter, according to the Paris-based International Energy Agency (IEA). In its latest report on the sector, Oil 2019, the IEA said the US was driving global …

Read More »

PIAC calls for efficient use of petroleum revenue

Ms Marilyn Aniwa, the Coordinator of the Public Interest Accountability Committee (PIAC) has called for the sustainable management and efficient utilisation of the Ghana’s petroleum revenues. She noted that the petroleum reserves of a country are non-renewable and therefore it was important for the proper management of proceeds for the …

Read More »

Oil industry has reputation for corruption – President

President Nana Addo Dankwa Akufo-Addo, on Thursday said “there is no avoiding the fact that the oil industry, unfortunately, has a reputation for corruption”. He said since the discovery of oil in the country, there had been heightened anxiety among the people that “we do not fall into the same …

Read More »