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Oil & Gas

Kosmos still eyes Ghana bourse listing

The Chief Executive Officer of Kosmos Energy, Mr Brain Maxted, has stated that the company has not abandoned its quest to offload part of its stake on the Ghana Stock Exchange (GSE). “Our dream of listing on the exchange is still alive but we will do so when we see …

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Ghana says over $20b to be invested in petroleum sector next five years

The Ministry of Energy and Petroleum has project that more than $20 billion will be injected into the country’s petroleum activities in the next five years, the sector Minister, Emmanuel Armah-Kofi Buah, has said. He said the focus of the government was to ensure that Ghana’s small and medium enterprises …

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Oil becomes Ghana’s second main export with value of $3b in 2012 – Stanchart

Crude oil is now Ghana’s second main export, increasing moderately in the past two years from $2.7 billion in 2011 to $3 billion in 2012, according to Standard Chartered Research. Gold is the country’s highest foreign exchange earner. In its Outlook on Ghana released May 14, 2013, it noted that …

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Ghana sets up enterprise centre to boost local content in oil sector

Mr Emmanuel Armah-Kofi Buah, Minister of Energy and Petroleum, on Thursday inaugurated Enterprise Development Centre (EDC) in Takoradi. In an address, he said the EDC is part of the core component of the local content and local participation in Petroleum Activities Policy of the Ministry of Energy and Petroleum. Mr …

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Africa suffers deficit in governing oil, mining sectors – Report

Despite fine laws and regulations put in place to promote transparency, resource-rich African countries fall short in governing their natural resources especially in the mining and oil sectors, a new report published May 15, 2013 has observed. Released by the Revenue Watch Institute (RWI), the report which has an Index …

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Tullow Oil invests $669m in Ghana in 2012 for CSR – CEO

As part of its commitment towards the socio-economic development of the country, Tullow Oil plc in 2012 invested $669 million as part of its corporate social responsibilities. Out of the amount $114 million was spent on building the capacity of Ghanaian registered businesses, which supply and provide services to the …

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NGOs call on Ghana government to support districts along Jubillee oil field

The Ghana government has been called upon to take a second look at supporting the six coastal districts along the Jubilee Oil Field, off Cape Three Points in the Western Region. Madam Clara Osei-Boateng, Director of Programmes and Advocacy of SEND-GHANA, an NGO on promoting good governance said the issue …

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SA petroleum expert to train players in Ghana’s downstream sector

Mr Francois van Schalkwyk, Technical Manager of the International Business Division of Engen Petroleum in South Africa is to visit Ghana from May 14 to train players in the downstream sector of the petroleum industry. Mr van Schalkwyk will equip the participants in standards of lubes and lubrications, basic automotive …

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Mantrac Ghana to build $20m centre for oil, mining clients

Mantrac Ghana Limited will invest over $20 million into the construction of a new Engine Rebuild Centre near Takoradi to serve the oil and Gas and Mining clients, Mr Emad Adeeb, Managing Director, said on Monday. Speaking to journalists on the sidelines of the Ghana Oil and Gas Summit, Mr …

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