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Oil & Gas

Ghana, Equatorial Guinea sign pact on hydrocarbons

The Ghana government has signed a co-operation agreement with Equatorial Guinea on the exploration of hydrocarbon and the maintenance of petroleum equipment. The agreement, an amended version of what has existed between the two countries since 2010, will also see the two countries co-operate in the area of the production, …

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Indian fertilizer plant waiting for Ghana gas supply

The $1.3 billion fertilizer plant being built by a joint venture firm is said to be almost complete and is now awaiting gas supply from Ghana’s oilfields. When completed, the plant which is sited on a 400 acre land at Nyakrom in the Western Region through a Ghana-India joint venture, …

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GNPC’s expenses rise

Mrs Comfort Aniagyei, Director of Finance at the Ghana National Petroleum Corporation (GNPC), on Thursday attributed the high cost of the institution’s expenditure to capacity building of staff. This she noted resulted in a 40 per cent rise in general administration cost between 2007 and 2009, adding that GNPC had …

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EPA to enforce bye-laws on OMCs, others

The Environmental Protection Agency (EPA) is to embark a nation-wide compliance and monitoring programme on all Oil Marketing Companies (OMCs) and Liquefied Petroleum Gas  Marketing Companies (LPGMCs), to ensure operational standards. The exercise, which becomes effective September 1 this year, will ensure that such companies operate and adhere to the …

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ACEP fingers propriety of GNPC in AGM agreement

Africa Centre for Energy Policy (ACEP), energy and research think-tank has questioned the purported legitimacy and propriety of the Ghana National Petroleum Corporation (GNPC) agreement with the AGM Petroleum Ghana Limited for its genuineness. The ACEP is worried that the choice of the Joint Operating Partners and the Petroleum Agreements …

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Ghana earns $422m from Jubilee crude sale in 2013 half-year

Ghana earned an amount of $422.7 million from the sale of 3.98 million barrels of Jubilee crude oil during the first half of 2013. The Ghana National Petroleum Corporation (GNPC) on behalf of the country made four crude liftings during the period under review, according to the semi annual petroleum …

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Ghana eyes $20b investment for oil industry in five years

Ghana’s oil industry is expected to rake in $20 billion in investment in the next five years. The Minister of Energy and Petroleum, Mr Emmanuel Kofi Armah-Buah, announced this at the launch of the GNPC Oil and Gas Learning Foundation in Accra yesterday. He said it was imperative that the …

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Ghana prepares new oil exploration law

Cabinet has started looking into a draft bill that will govern oil exploration and production (E&P) activities in the country. The bill is an enhancement of the existing one, PNDC Law 84, which currently regulates all activities on the E&P of oil and petroleum-related products in the country. The Ministry …

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