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Oil & Gas

Ceona and Seaweld in Ghana partnership for offshore projects

Ceona and Sewaeld have formed a partnership for offshore construction projects in Ghana, according to reports. Ceona, SURF contractor with heavy subsea construction capabilities, has entered into what is being described as a significant Joint Venture (JV) with Seaweld Engineering, the publication World Pipelines has reported, indicating that it will …

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Interruption in gas supply won’t affect power generation at Aboadze – VRA

The Volta River Authority (VRA) says the temporal closure of the Atuabo Gas Processing Plant by the Ghana Gas Company Limited (GGCL) for mandatory maintenance from April 20 to 30, will not affect power generation at Aboadze. A statement issued by the VRA and copied to the Ghana News Agency …

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Ghana Gas develops employment quota for local people

The Ghana National Gas Company (GNGC), has developed a quota system for employing local people into the company in view of the sacrifices they have made in ensuring the successful completion of the Atuabo gas processing plant. The Chief Executive Officer of GNGC, Dr. George Sipa-Yankey, made this known when …

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Group to establish energy sector manufacturers association

A Group of Energy sector operators, has outlined plans to establish an Energy Sector Manufacturers Association that would bring together stakeholders in the industry,  to discuss proactive ways to enhance the performance of the sector. The Association would enable industry stakeholders share ideas on the sector, take advantage of the new …

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New EITI reporting requirements robust – Ashiadey

The National Coordinator of Ghana Extractive Industries Transparency Initiative, Mr Franklin Ashiadey has lauded the new EITI reporting requirements, saying it encourages the provision of relevant and reliable information. “The new EITI reporting requirement raised the EITI reporting bar significantly and it is expected to improve the quality of transparency …

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Vitol seeks MIGA $470m risk insurance for Sankofa gas fields in Ghana

Vitol Holding BV, a Netherlands company investing in the Sankofa Gas Field in Ghana has applied for a guarantee of about $470 million from the Multilateral Investment Guarantee Agency (MIGA), of the World Bank Group. The company is seeking the guarantee for a period of up to 18 years against …

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TOR needs $67m to enhance operations – Minister

Petroleum Minister Emmanuel Armah Kofi Buah has said that more than US$67 million would be needed for the Tema Oil Refinery’s (TOR) plant stabilization and profitability enhancement project. He repeated earlier assurances that the refinery was not for sale, but was being rehabilitated to run an optimal level to enable …

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Moody’s downgrades Tullow Oil on Ghana ratings

Four days after downgrading Ghana’s sovereign rating from B2 to B3, ratings agency, Moody’s has downgraded Africa-focused oil producer Tullow. Moody’s also downgraded GCB Bank Limited’s local-currency deposit ratings to B3 from B2, March 20, 2015, a day after downgrading Ghana’s ability to borrow from the international financial market. In …

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Politicisation of natural resources management is unhealthy – Dr. Twum

Dr Eric Twum, the Chief Executive Officer (CEO) of the Institute of Green Growth Solutions (IGGS), has appealed to government and the citizens not to politicize the issues of natural resource management and governance. He explained that the politicization of natural resources management and governance could lead to the country …

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Petroleum Ministry directs Tullow Oil to stop staff lay-off

The Ministry of Petroleum has directed Tullow Ghana Limited, the operator of the Jubilee Field, not to lay-off any core technical staff. A statement issued by Mr Edward Abambire Bawa, the Head of the Communications Unit of the Ministry and copied to the Ghana News Agency on Wednesday said Tullow Ghana …

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