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Oil & Gas

Ghana eyes more income from petroleum sector deregulation

Vice President Kwesi Amissah-Arthur on Tuesday explained that the deregulation of the petroleum sector and the expansion of the tax net are to help raise additional income for the execution of government projects. He said all the major export commodities have suffered appreciable decline in prices on the world market …

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GNPC confirms participating in drill ship sale

The Ghana National Petroleum Corporation (GNPC) on Monday took a dramatic turn when its officials, who appeared before the Judgment Debt Commission, confirmed participating in the sale of the Drill Ship Discover 511. The Corporation also confirmed unearthing some documents relating to the sale of the Discover 511, which its …

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Ghana sells oil drill ship to pay judgement debt

More than a decade after the Ghana National Petroleum Corporation (GNPC) had sold its drill ship to pay judgement debt awarded in favour of Societe Generale by a UK court, there is no record at the Bank of Ghana (BoG) to show the nature of the transaction. While the BoG …

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Jubilee partners halt oil production

The Jubilee partners have announced a planned halt of oil production offshore for 21 days. The suspension of production is to make way for routine maintenance of the Floating Production, Storage and Offloading (FPSO) platform, the FPSO Kwame Nkrumah. The facility, currently moored at the Jubilee Oil Field in a …

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Kosmos Energy sets business principles for Ghana operations

Kosmos Energy Ghana on Monday launched its business principles document to reflect the company’s commitment to doing the right thing across its spectrum of activities. Mr Ken Keag, Vice-President and Country Manager of Kosmos, said the business principles articulates the company’s view on how a responsible oil and gas operator …

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Ghana likely to lose $340m as gas project delays

The inability of the Ghana Gas Company to begin commercial delivery of gas from the Atuabo Gas facility in January, 2014, is likely to cost the country $340 million. Ghana Gas cannot meet the January, 2014, scheduled delivery date because of the loss of a container carrying a consignment, including …

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NGO says whale deaths linked to oil find

Oilwatch Ghana, an environmental non-governmental organisation (NGO), has called on government to urgently establish the correlation between the country’s oil industry and the increasing mortality of marine mammals. The NGO said the surge in the death of marine mammals, particularly whales, should serve as a source of worry because it …

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Death of whales not linked to oil drilling – EPA

The Environmental Protection Agency (EPA) on Thursday said the incidence of whales being washed ashore was a global occurrence and not limited to Ghana. “Within the last four months, 10 whales were reported to have been washed ashore in various locations in Asia, the Americas and New Zealand. “Indeed, from …

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Fifteen whales die in Ghana since start of oil drilling

Fifteen dead whales have been washed ashore between 2008 and 2013 in the Western Region since drilling of crude oil started in 2010, Emmanuel Ohene Marfo, a Deputy Western Regional Fisheries Officer of the Fisheries Commission Ghana, said . He told the GNA in an interview that dead whales being …

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