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Oil & Gas

First drilling for oil offshore Accra produces water

The first drilling exercise conducted at a well in the Offshore Accra Contract Area has been very disappointing. The operators at the area hoped to encounter oil or gas reserves but to their dismay, they found water instead. According to Ophir Energy, the operator, the Starfish-1 well was drilled in …

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AOMC inducts new oil companies

The Association of Oil Marketing Companies (AOMCs) have inducted eight oil companies into their fold. This brings the number of AOMCs to 51. The new members are: Crown Petroleum Ghana Limited, EV Oil Company Limited, Joekona Company Limited, Jusbro Petroleum Company Limited, Lucky Oil Company Limited, Naagamni Oil Company Limited, …

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West African Gas Pipeline repaired – Minister

Mr Emmanuel Armah-Kofi Buah, Ministry of Energy and Petroleum, has said the repair work and testing on the West African Gas Pipeline has been completed and soon the supply of gas shall resume. Mr Buah said since last August, the country had to endure a very excruciating load shedding exercise …

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Takoradi petroleum workers denied access to unions

Members of the General Transport, Petroleum and Chemical Workers Union (GTPCWU) in the Western Region have expressed their frustration over the harassment and maltreatment being meted out to them by foreign oil service companies. They have, therefore, appealed to the Energy and Petroleum, as well as Employment and Labour Relations …

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Work on gas processing plant not stalled – GNGC

Construction works on the Gas Processing Plant (GPP) at Atuabo in the Western Region have not stalled, Mr Robert Lartey, Engineering Manager of the Ghana National Gas Company (GNGC) has said. Mr Lartey said this on Saturday when interacting with a group of journalists at the offices of the GNGC …

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Expert wants Ghana’s Petroleum Revenue Management Act reviewed

A law expert on Tuesday called for a review of the Petroleum Revenue Management Act (PRMA) 2011(Act 815), for best practices, efficient and judicious management of the oil and gas resources. Mr Augustine Niber, Executive Director of Center for Public Interest Law, who made the call, underscored the value of …

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Ghana opts for bridge financing as Chinese funds delay for gas project

Ghana is now resorting to bridge financing to fund the gas infrastructure at Atuabo in oil-rich Western Region, Finance Minister Seth Terpker has said. The gas project was expected to have been completed last quarter of 2012 but it has been rescheduled to this year due to financing challenges. Chinese …

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Takoradi Polytechnic opens $6m centre to train students in oil & gas

The Minister of Education, Professor Jane Naana Poku-Agyemang on Friday commissioned a $6 million technical training centre for the Takoradi Polytechnic to train Ghanaian students in Oil/Gas and other technical vocations. The training centre, built by the Oil Jubilee Partners, would start operating in September this year and would help …

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Ghana’s oil & gas not harmful to environment – EPA

Mr Kwadwo Opoku-Mensah, Western Regional Project Officer of the Environmental Protection Agency (EPA), has assured the public that activities at the Jubilee Oil Field would not cause  any environmental effect on human beings. He said the country’s crude oil is light and its effect on the environment does not last …

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