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Oil & Gas

Ghana Consortium and Shell enter exclusive agreement for LNG

General Electric (GE), Endeavor Energy and partners Eranove and Sage Petroleum have entered into a long-term supply agreement for Liquefied Natural Gas (LNG) for the Ghana 1000 project. The Ghana 1000 project is an integrated gas-to-power project that will consist of 1,300 MW to be delivered in two phases, a …

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No oil company is funding road projects in Sekondi-Takoradi – Minister

Mr. Paul Evans Aidoo, the Western Regional Minister, has said it was not true that some oil companies in the Region are funding the rehabilitation of some arterial roads in the Sekondi-Takoradi Metropolis. He said the rehabilitation of some arterial roads in the twin city was being funded solely by …

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Maersk Drilling secures $545m Ghana gas contract from Eni

Maersk Drilling says it has secured a $545 million contract from Eni Ghana Exploration and Production. According to Maersk Drilling, Eni Ghana would use its new-build drillship Maersk Voyager on the $7 billion Offshore Cape Three Points (OCTP) project, offshore Ghana, the contract it adds, is for three and a …

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Tullow Oil shares fall on fears of Ghana-Ivory Coast boundary dispute

Tullow Oil shares fell following the re-ignition of a maritime boundary dispute between Ghana and western neighbor Ivory Coast. Shares in Tullow fell 30p, about 7.7 percent on concern the oil producer’s Tweneboa-Enyenra-Ntomme (TEN) development off the coast of Ghana could fall behind schedule. Tullow Oil lost over £200 million …

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Oil find not responsible for dwindling marine sector – Research

A research conducted by Acorn International, a US-based research group in conjunction the Environmental Protection Agency and Kosmos Energy has shown that the oil and gas sector is not to blame for the dwindling marine sector in the coastal areas where the oil companies operate. The research, which was conducted …

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Minority accuses GNPC of spending illegally

The Minority in Parliament on Friday charged the Ghana National Petroleum Corporation (GNPC) of spending outside an approved budget, indicting government of complicity in an illegality against the state. They have thus demanded that the GNPC is prevented from spending funds until Parliament endorses the Corporations’ budget. Dr Anthony Akoto …

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Ghana Supply chain builds linkages for oil sector

Pyxera Global, managers of the Ghana Supply Chain Development (SCD) Programme together with the African Partner Pool (APP) on Tuesday hosted businesses operating in the oil and gas sector in the Western region. It is to create market linkages with operators in the industry. Mr Ken Mcghee, the Chief of …

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Fishermen breach FPSO Kwame Nkrumah security

Tullow Ghana Limited on Tuesday confirmed security breach within 2.66 nautical miles west of the FPSO Kwame Nkrumah by three fishermen onboard a canoe on Saturday, February 21 offshore Ghana at approximately 19:15 hours. The fishermen had deployed fishing nets very close to the FPSO Kwame Nkrumah posing danger to …

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Government will manage revenue from natural resources prudently – Terkper

Mr Seth Terkper Minister of Finance and Economic Planning, on Tuesday said government is working assiduously to ensure that the enhanced revenues from the country’s natural resources are prudently managed and utilized for the benefit of the people. He said revenues from natural resources are to benefit people who are …

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ACEP to sue Ghana gov’t over failure to publish projects funded with petroleum revenue

The Africa Centre for Energy Policy (ACEP) a non-governmental organization with interest in energy issues, has threatened to sue government over failure to publish annual report on projects implemented with petroleum revenues for the past three years. Dr. Mohammed Amin Adam, Executive Director of ACEP, said the Petroleum Revenue Act, …

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