Oil & Gas

Ghana expects to earn an estimated $515 million from petroleum in 2017, the Minister of Finance, Ken Ofori-Atta has said in his first Budget Statement to Parliament today March 2, 2017. Since the commercial production of oil started…

The Nzema Youth Association (NYA) has called on President Nana Addo Dankwa Akufo- Addo to appoint a competent and an experienced Chief Executive Officer for the Ghana National Gas Company (GNGC). The Association has expressed worry…

Houston, Texas headquartered Erin Energy Corporation says it has entered a three-year secured Pre-Export Finance Facility Agreement with The Mauritius Commercial Bank Limited. Erin Energy has an exploration license in Ghana. According to…

Stakeholders in the power sector have put in adequate measures to mitigate the impact of the shortfall in power production arising from the planned shutdown of the Ghana National Gas Company (GNGC) for maintenance. A joint statement…

Siemens Oil and Gas Limited, Ghana has launched an Oil and Gas sector training programme to help build local capacity in the energy sector as its commitment to assisting Ghana to meet her expanding energy needs. The training programme,…

The Public Interest and Accountability Committee (PIAC) has called on the Ministries of Finance and Energy to urgently prevail upon the Volta River Authority to settle its indebtedness to the Ghana National Gas Company. It said this was…

Ghana’s first ethanol plant at Hodzo, in the Ho Municipality has produced 150,000 litres of ethanol from cassava between June and December, 2016. Kasapreko Company Limited (KCL), a large importer of ethanol, with 40 per cent shares in…

The Environmental Protection Agency (EPA) is yet to apply its environmental rating mechanism dubbed “Akoben Rating” in the oil sector, more than six years after Ghana started oil production in commercial quantities. The Akoben Rating…

Two major players in Ghana’s oil sector are registered in the ‘world’s worst’ tax havens a new report by Oxfam says. Tullow Ghana Limited and Kosmos Energy Ghana Limited are registered in Jersey and Cayman Islands respectively,…

The Bulk Oil Storage and Transportation Company Limited (BOST) has commended the media for active role in the energy sector especially scrutinizing players in the petroleum industry. Mr Kingsley Kwame Awuah-Darko, Managing Director of…