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Oil & Gas

Group backs Ghana’s local content regulations for oil industry

The Ghana Oil and Gas Service Providers Association (GOGSPA), on Wednesday welcomed the passage the Petroleum Local Content and Local Participation Regulations, 2013 (L.1.2204). This GOGSPA said, was achieved despite stiff opposition from foreign upstream oil and gas companies and their governments. “We at GOGSPA see the passage by the …

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Sale of GNPC drill ship not value for money — Tsatsu

A former Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Mr Tsatsu Tsikata, says the sale of the corporation’s drill ship to offset its indebtedness to Societe Generale (SG) did not give money for value. According to him, the Discoverer 511 was economically viable and critical to GNPC’s …

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Ex-Energy Ministers justify sale of Ghana drill ship but $3.5m still unaccounted for

Two ministers of Energy in the Kufuor administration say the sale of a Ghana National Petroleum Corporation (GNPC) drill ship in 2001 had been a prudent decision taken by the government to rescue the ailing corporation from financial distress. “I am convinced, as I sit here, that there was no …

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Jubilee partners say won’t flare gas at TEN

Tullow Ghana Limited and its partners will strictly observe their “No gas flaring” policy at the proposed Tweneboa, Enyenra and Ntomme wells, Mr Gayheart Mensah, Communication Director of the project which is also known as TEN Project, said on Wednesday. He was speaking at a public hearing on the Environmental …

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Ghanaian centre to boost local content in oil industry to be fully operational in 2014 – Minister

As part of measures to promote local content and participation in the petroleum industry, an Enterprise Development Centre in Takoradi with support from the Jubilee Partners will be fully operational in the course of 2014. The Centre would facilitate the training of Small Medium Enterprises to be properly positioned to …

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Jubilee partners assure Ghanaians of environmental safety

The Jubilee Partners led by Tullow Ghana Limited, the major operators of the Jubilee Oilfield in the Western Region, on Monday re-assured Ghanaians that they had undertaken contingency measures to mitigate any negative impact on the environment. Mr. Gayheart Mensah, the Communications Director of TGL, said the Oil Partners had …

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Tullow says TEN project to cost $5b

The development of the Tweneboa, Enyenra and Ntomme oil wells by Tullow Ghana Limited and its partners is estimated to cost $5 billion, Mr Gayheart Mensah, the Communication Director of the project, announced on Monday. He was speaking at an Environmental Protection Agency (EPA) public hearing on the Environmental Impact …

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Integrate Ghana’s oil & gas industry into local economy — Petroleum Commission

The Chairman of the Petroleum Commission, Professor Ivan Addae-Mensah, has called for linkages to be established between the oil and gas industry and other sectors of the economy to generate resources that can be used for the rapid development of national infrastructure. According to him, although the oil and gas …

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IEA calls for transparency in oil & gas contracts

The Institute of Economic Affairs (IEA) has called for a more open and transparent process of awarding contracts and licenses in the oil and gas sector. Professor John Asafo-Adjaye, a visiting Research Fellow, IEA, said the institute was also advocating a points-based system for assessing licenses in the country. Prof …

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