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Oil & Gas
Sankofa-Gye Nyame field progressing well – GNPC
The world-class Sankofa-Gye Nyame field - Ghana’s third oil and gas field - which will increase Ghana’s electricity supply by fifty per cent is making significant progress, says the Ghana National Petroleum Corporation (GNPC).
A…
Ghana spends more importing oil than it makes from exporting it
Ghana is spending more money importing crude oil than it is earning from its export of the product.
Bank of Ghana data shows that in December 2015 Ghana imported $477.4 million worth of crude oil but earned $429.4 million from exporting…
Geoex to conduct 2D seismic survey offshore Ghana
Geoex International, in conjunction with Ghana Geophysical Company and other partners, have signed an agreement with Petroleum Commission- the State’s regulatory body and concessionaire, to acquire 6,000 km of regional multi-client 2D…
Ghana’s first ethanol plant to begin production
Caltech Ventures, a cassava cropping and processing company at Hodzo, in the Ho Municipality, is to begin the production of cassava-derived ethanol by March this year, the first in Ghana.
Ghana currently imports 60 million litres of…
Second FPSO sets sail to Ghana for oil production at TEN
The second floating production, storage and off-loading (FPSO) vessel built for oil production in Ghana has set sail over the weekend, ghanabusinessnews.com has learned.
The FPSO named after the Late President of Ghana, John Evans…
Ghana Gas resumes supply to VRA
The Ghana National Gas Company (GNGC) Thursday resumed transmission of lean gas from its Atuabo gas processing plant to the Volta River Authority at Aboadze for power generation after shutdown for routine maintenance works.
The Gas…
TOR debt levy overpaid; ACEP wants Finance Ministry’s report
The Africa Centre for Energy Policy (ACEP) has called on the Ministry of Finance to comply with the Tema Oil Refinery (TOR) Debt Recovery Fund Levy Act 2003 (Act 642) and submit to parliament a comprehensive report on the levy covering…
Greater Jubilee oil field development plan presented to Petroleum Minister
Petroleum Minister, Mr Emmanuel Armah-Kofi Buah has received the Plan of Development (PoD) for the Greater Jubilee oil field – an integration of the Jubilee Field with the nearby Mahogany and Teak discoveries in the West Cape Three…
Minority suggests tight spending on essentials as oil prices projected to reach record lows
The minority in parliament has advised government to prioritize, cut down on unnecessary expenditure and focus on what is essential, and to actively seek value for money investments, as oil prices are projected to fall to record lows.…
Oil companies urged to support fishermen with alternative livelihood programmes
The Vice Chancellor of the Regional Maritime University (RMU), Professor Elvis Nyarko, has challenged multinational oil companies operating on the Jubilee Field to support fishermen in the oil enclave to pursue training at the University.…