Home / Oil & Gas (page 52)

Oil & Gas

We will resolve power crisis by end of December – Chief Director

The Chief Director of the Ministry of Power, Solomon Asoalla says by the end of December 2015, the power crisis will be resolved. “You call it Dumsor, for us they are challenges. We are working 24/7 and by the end of December we will resolve it,” he said on the …

Read More »

Ghana Oil and Gas for Inclusive Growth launched

The Ghana Oil and Gas for Inclusive Growth (GOGIG) programme has been launched to help ensure that the oil and gas sector promotes inclusive growth. GOGIG would support the institutions which manage the country’s oil resources to deliver on effective public policy through strengthening regulation of the sector and improving …

Read More »

Ghana government approves four oil contracts in one month – ACEP

The Africa Centre for Energy Policy (ACEP) has expressed concern about the manner in which the Ghana government rushes to approve oil contracts without careful considerations. According to Dr Mohammed Amin Adam, Executive Director of the energy policy think tank, in the instances of agreements approved for two oil companies, …

Read More »

Ghana lost $70 million from EO, Sabre Oil acquisition deals

Ghana lost a potential $70 million in the petroleum upstream sector from the two untaxed acquisitions involving the EO Group and Kosmos, and Sabre Oil and PetroSA who exploited a loophole in the country’s tax laws. The oil companies did not pay capital gain tax, payable when an entity makes …

Read More »

Petroleum prices shoot up marginally

Prices of petroleum products have shot up marginally at the mid-November price review of the deregulated regime, conducted by the Ghana News Agency on Wednesday. The increment according to Oil Marketing Companies (OMCs) is attributed to global commodity price changes. Engen Ghana Limited is quoting GH₵ 2.774 per litre for …

Read More »

Petroleum Commission to introduce upstream internship programme

A director at the Petroleum Commission, Mr Kweku Boateng, has hinted that the Commission would soon start a programme known as the Ghana Upstream Industry Internship programme to build the expertise of young Ghanaian graduates in oil and gas. He said this would be done in various disciplines to make …

Read More »

Ghana to establish new gas power plant at Beyin

Cummins Cogeneration Limited (CCL) a UK based group, and Wuta Energy, an independent power producer in Ghana, have signed an agreement to set up a mega gas power plant in the Western Region by August 2016. Dubbed: “The Beyin Power Project,” it is expected to produce 140MW gas fired power …

Read More »

Petroleum Minister promises to scale up distribution of free LPG cylinders

Mr Emmanuel Armah-Kofi Buah, Minister for Petroleum says government under the Rural Liquefied Petroleum Gas (LPG) Programme will scale up the distribution of free cylinders, cookstoves and related accessories to beneficiaries in low access areas. He said this was being done to enable rural dwellers switch easily from wood fuels …

Read More »

Government developing local content for petroleum downstream sector – Veep

Vice President Kwesi Amissah-Arthur has announced that government is currently developing a local content policy for the petroleum downstream sector with the objective of attracting and increasing local value-added investments into the downstream petroleum industry. Vice President Amissah-Arthur announced this when he opened the 1st Ghana International Petroleum Conference (GhipCon) …

Read More »

Ghana pushes upstream oil production prospects

  Ghana has pushed upstream prospects in oil production, Mr Theo Ahwireng, Acting Chief Executive of the Petroleum Commission has said. “Considering the impact of the depressed oil prices on project cuts in the industry, it is without doubt that Ghana has come out strong with its key projects such …

Read More »