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Phase two of Ghana gas infrastructure project ongoing – Sinopec

Sinopec International Petroleum Service Corporation says it has begun the Front End Engineering Design (FEED) for the next phase of the Ghana Western Corridor Gas Infrastructure Development Project. Mr Mushtaq Kaloo, Sinopec’s Engineering Advisor on the Ghana Early Phase Gas Infrastructure Project told journalists at the Atuabo Gas Processing Plant, …

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IFC invests $2.4b in Ghana

The International Finance Corporation (IFC) of the World Bank Group says it has invested a total of $2.4 billion in Ghana. It says in the past five years, its investment in the energy sector amounts to $525 million including oil and gas exploration and production, power production, and refined petroleum …

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Deregulation will ensure cheaper petroleum pricing – Kofi Buah

Mr Emmauel Armah Kofi- Buah, the Minister of Petroleum has said Government’s decision to deregulate the petroleum sector was to allow petroleum importers and marketers to reduce their price as well as pull in more private players into the sector. “Government’s decision to deregulate the petroleum sector will compel oil …

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Tight security for new BOST pipelines – MD

Mr Kingsley Awuah Darko, the Managing Director, Bulk Oil storage and Transport (BOST), has said the company would ensure tight security along the new BOST pipelines which would be laid from Akosombo to the Accra Plains to avoid stealing or siphoning of fuel. He said as part of security measures, …

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GOIL pledges to compensate families of fire victims

The Board and Management of Ghana Oil Company Limited (GOIL), Friday, expressing condolences to the victims and families of the Circle Filling Station fire disaster, said the company would conduct its own investigations alongside the national one. An official statement copied to the Ghana News Agency said the board and management …

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IFC to provide $8m debt financing to Quantum Oil Terminal for petroleum storage facility

The International Finance Corporation (IFC) of the World Bank Group says it will provide debt financing to Quantum Oil Terminal Limited, a subsidiary of Quantum Group, an independent trader and distributor of petroleum products in Ghana. In a press release copied to ghanabusinessnews.com Thursday June 4, 2015, the IFC says …

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Anokyi Chief angry with Ghana Gas Company

Nana Avo Blay V, Chief of Anokyi in the Ellembelle District of the Western Region, has expressed disappointment at the inability of Ghana Gas Company (GCC) to improve the livelihoods of surrounding communities. He said the establishment of the Gas Plant and laying of pipelines into the sea had virtually …

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Ghana to get Africa’s first floating LNG terminal – Endeavour Energy

An Australian electricity company, Endeavour Energy says it has appointed BMT Asia Pacific (BMT) as owners engineer and lead design consultant for the development of a floating liquefied natural gas (FLNG) storage and regasification vessel offshore for Ghana, the publication, Offshore has reported. According to the company the facility “would …

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GNPC launches stakeholder engagement on Voltaian basin project

The Ghana National Petroleum Corporation (GNPC), has launched its national stakeholder engagement on the Voltaian Basin Project (VBP), ahead of commencing preliminary seismic work in the basin. A statement by GNPC and copied to the Ghana News Agency in Accra, said Mr Ebenezer Apesegah, Manager- Geology, and member of the …

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Second Ghana FPSO to be completed in February 2016

Mr Charles Darku, the head of Tullow Ghana on Friday said the second FPSO being built for the TEN Project would be completed in February 2016. The completion of this magnificent edifice would allow first oil from the TEN project to flow in the same year. Mr Darku said this …

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