Home / Oil & Gas (page 61)

Oil & Gas

Investment expert explains impact of new petroleum price

Dr. Raziel Obeng-Okon,  Chief Executive Officer of CIDAN Investment Limited, on Friday said the new petroleum price build up as announced in the 2015 budget, will impact negatively on the stock levels of the Bulk Distribution Companies (BDCs). He explained that as per the New Petroleum Price Build Up which …

Read More »

Chamber of Commerce hopeful for local content law

The Sekondi-Takoradi Chamber of Commerce and Industry (STCCI) has commended Cabinet and Parliament for the commitment they showed in passing the Petroleum Sector local content and participation policy into law. The law mandates the Petroleum Commission to establish a Local Content Committee which would be responsible for ensuring that investors …

Read More »

Procurement Authority happy with work at gas project

The Public Procurement Authority (PPA) on Wednesday gave thumps up to the Ghana Gas Company (GGC) for judicious utilization of funds approved by the Authority in executing the gas project. The Board Chairman of the Authority, Commodore (Rtd) Steven Obimpeh, gave the commendation when he led some Board and Management …

Read More »

Energy Minister urges SMEs to build capacity to win oil contracts

The Minister of Energy and Petroleum, Mr. Emmanuel Armah-Kofi Buah, has urged Small and Medium Enterprises (SMEs) to build their capacity to remain competitive and win contracts in the oil industry. He said the Local Content law on Oil and Gas had allocated 10 percent contracts on services in the …

Read More »

Ghana’s EPA holds public hearing on Lonrho’s planned offshore oil service terminal

The Environmental Protection Agency (EPA) on Monday organized a day’s public hearing to solicit public views before issuance of operating permit for the establishment of offshore oil service terminal by Lonrho Ghana Port Limited at Atuabo in the Western Region. The forum was in compliance with provisions of the EPA …

Read More »

Ghana sets up committee to determine cause of whales’ death

A committee has been set up to find out the cause of death of marine mammals washed ashore along some parts of the country’s coastal lines. The setting up of the committee followed a directive from President John Dramani Mahama to the Ministry of Environment, Science, Technology and Innovation to …

Read More »

Ghana Gas says Sinopec replaces lost equipment for Atuabo gas project

Sinopec Service, the main contractor working on the Atuabo Gas facility, has replaced the LPG fabricated plates and accessories that got lost in transit in September, this year. A vessel, Xinfu Song, carrying the plates and accessories arrived at the Tema Port on November 20, 2013, while the Ghana Gas …

Read More »

ACEP holds forum on Petroleum Exploration and Production Bill

The Africa Centre for Energy Policy (ACEP) in collaboration with its stakeholders, on Thursday held a forum on the Petroleum Exploration and Production Bill to build consensus among stakeholders. The forum, which was on the theme: “Contributing to Oil Governance, Getting the /Laws Right” aimed at discussing the new Petroleum …

Read More »

Secret oil deals with Swiss companies cost Nigeria billions of dollars – Report

Switzerland must boost transparency and regulation of Swiss and Swiss-registered oil traders, whose practices are draining billions of dollars from Nigeria and complicating impressive efforts to reform Nigeria’s oil industry, including compliance with the Extractive Industries Transparency Initiative (EITI). Among the top 10 oil producers in the world and the …

Read More »