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Oil & Gas

Allow TOR to refine Ghana’s crude oil – Isaac Osei

Mr Isaac Osei, Managing Director of the Tema Oil Refinery(TOR), says the country’s refinery must be allowed to refine portions of Ghana’s crude oil for the local market instead of selling all on the international market. Mr Osei noted that at the moment, Ghana National Petroleum Corporation (GNPC) sells  all …

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GNPC awards scholarships to 200 Ghanaians to study in Cuba

The Ghana National Petroleum Corporation (GNPC) has awarded scholarships to 200 Ghanaian students (170 undergraduates and 30 post graduates) to study medicine in Cuba. The GNPC is sponsoring them in conjunction with the Ministry of Foreign Affairs and Regional Integration (MoFARI) and the Ghana Scholarship Secretariat in collaboration with the …

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Eni announces another gas discovery at Cape Three Point Block 4 offshore Ghana

Italian oil company Eni says it has made a gas and condensate discovery in a Cape Three Point Block 4 (CTP-Block 4), offshore Ghana. In a press release copied to ghanabusinessnews.com Eni says the well which was drilled on the Akoma exploration prospect, proved an estimated volume between 550 and …

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Oil contracts negotiated for the country must have interest of citizenry – Dr. Manteaw

Those who negotiate resource contracts in the name of the Republic must bear in mind that they do so on behalf of the citizenry. “They owe us explanations for what they do with the power we have vested in them.” Dr Steve Manteaw, a policy analyst said this in Accra …

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Ghana to host Third Africa Oil and Gas Conference

The Third Edition of the Africa Oil and Gas Local Content Sustainability Conference and Exhibition 2019 (ALC) will take place from October 10-11, in Accra. A statement issued by the AME Trade United Kingdom, and copied to the Ghana News Agency, said the Conference is an international event produced and …

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$95m spent between 2013 and 2016 without drilling a single oil well in Ghana – Deputy Minister

Dr Mohammed Amin Adam, a Deputy Minister of Energy in charge of Petroleum, says a total of $95 million was spent between 2013 and 2016 for drilling oil wells but none resulted in the discovery of crude oil in commercial quantities. He said 13 petroleum contracts were signed between the …

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IMANI lacks understanding of petroleum economics – Amewu

IMANI Africa’s analysis of the contractual agreement between the Government and Aker Energy, a Norwegian oil firm, of the Deepwater Tano, Cape Three Points (DWT/CTP) block lacked technical knowledge and understanding of petroleum economics. Mr Peter John Amewu, the Energy Minister, said this when he addressed a news conference in …

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Ghana must get more from Aker Energy Petroleum Agreement – IMANI

Policy think tank IMANI Ghana, Thursday , urged the Government to renegotiate the Aker Energy Petroleum Agreement, saying the country is likely to lose billions of dollars should it go with the current agreement. Mr Kofi Bentil, the Vice President of IMANI Ghana, who made the call at a forum, …

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FPSO Attah-Mills shutdown for essential works

The TEN Partners Thursday said they shutdown the John Evans Attah Mills Floating Production and Storage Offloading (FPSO), which is Offshore Cape Three Points of the Western Region, on Monday, April 22, to enable outstanding works on the facility to be the completed. The shutdown, expected to last two weeks …

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