Home / Oil & Gas (page 6)

Oil & Gas

ExxonMobil Opens Office in Ghana to progress Offshore Exploration

ExxonMobil has opened a new office in Accra, Ghana to progress offshore exploration programmes. ExxonMobil Exploration & Production Ghana (Deepwater) Limited acquired rights in 2018 to explore the ultra-deepwater block Deepwater Cape Three Points. The petroleum agreement was ratified in April 2019. ExxonMobil plans to begin 3-D seismic acquisition later …

Read More »

Ghana awards Eni new oil exploration and production license

Italian oil company, Eni announces that the Ghana government has awarded it a new exploration and production licence in the country’s offshore. Eni announced in a press release copied to ghanabusinessnews.com, that the award comes as an outcome of Ghana’s first international competitive bid round, in which five Blocks have …

Read More »

Parliament asks government to address energy sector debts

Parliament has called on the Minister of Finance and the Minister of Energy, Mr John Peter Amewu to as a matter of urgency,  activate the cash waterfall scheme and other prudent measures to address the debt accumulation in the energy sector. The lawmakers further called on the Minister of Finance, …

Read More »

IMANI report reiterates need for transparency in management of petroleum resources

IMANI Centre for Policy and Education’s report has emphasized the need for transparency in the management of the nation’s oil and gas resources. The report titled “Effects of Upstream Gas Contracting on Electricity and Inclusive Growth – The Case of Sankofa-Gye-Nyame (SGN) Gas Project,” a purely academic exercise, was conducted …

Read More »

Tullow Ghana says aware contractor jumped overboard FPSO

Tullow Ghana Limited (TGL), the Operator of the Jubilee field, on Wednesday said it was aware of an incident offshore involving a contractor who jumped overboard the FPSO Kwame Nkrumah at 14:25 hours on Tuesday. A statement from the Company said full Emergency Response procedures were activated, and the contractor …

Read More »

BOST signs Collective Bargaining Agreement

The management and union of Bulk Oil Storage and Transportation (BOST) Company Limited have signed a Collective Bargaining Agreement after 12 years of unsuccessful attempts. The Board of BOST and the Union reached an agreement which has been codified into legal binding document which would be reviewed every two years …

Read More »

Petroleum Commission secures training for Ghanaian students in Canada

The Petroleum Commission (PC) has secured an arrangement with Baker Hughes,GE to train five Ghanaians to become internationally accredited and certified specialised welders to enable them serve in the oil and gas sector. The one- year training programme, which is estimated at a cost of $250,000 is part of efforts …

Read More »

GOIL plans to enter West African petroleum market – CEO

Mr Patrick Kwame Akpe Akorli, Group Chief Executive Officer of GOIL Company Limited on Thursday announced that the Company as part of its strategic plans intends to expand its presence in West Africa. “GOIL as part of a broader strategic plan to become a major player in the petroleum industry …

Read More »

Free Zones to build multipurpose Oil and Gas Industrial Parks

Michael Okyere Baafi, Chief Executive Officer of the Ghana Free Zones Authority (GFZA), on Tuesday said the Authority intends to build a state-of-the-art Export Processing Zones (EPZ) and Multipurpose Industrial Parks in Shama and Takoradi. The two facilities are expected to support light and heavy industrial Oil and Gas specific …

Read More »

Local gas market has significant potential to transform economy – GNPC

The local gas market is relatively small, but has significant potential to transform the economy, Mr Hamis Usif, Manager, Gas Business, Ghana National Petroleum Corporation (GNPC), has said. He noted that, the local gas market is relatively stable with demand driven mainly by power demand and growing at 7.3 billion …

Read More »