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Oil & Gas

GCB says well-positioned to drive new Ghanaian economy pushed by oil

The Ghana Commercial Bank (GCB) on Wednesday unveiled its new logo in Accra to commence the Bank’s 60th anniversary celebration scheduled from April to June 2013. The Diamond jubilee anniversary has the theme ‘’GCB-60 Years of Service of Ghana – Customers, Businesses and Community.’’ Unveiling the logo, Mr. Simon Dornoo, …

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Fuel smuggling affecting businesses in Bawku

A section of the public in Bawku has attributed shortage of fuel in the Municipality to smuggling of the product by some of the fuel stations to neighbouring countries. The shortage has affected normal business while commercial vehicle drivers are taken advantage of the situation to charge unapproved fares. Mr …

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Eni drilling confirms Ghana’s Sankofa East discovery in “commercial standing” with 450 million barrels of oil

It has been confirmed that the Sankofa East 2A offshore Ghana is holding about 450 million barrels of oil as Italian oil firm Eni announced January 17, 2012 a successful drilling of the appraisal well. According to Eni, the drilling was important because it confirmed the “commercial standing of the …

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Bawku fuel stations accused of smuggling petroleum products to neighbouring countries

A section of the public in Bawku in the Upper East Region have accused some fuel stations in the municipality and its environs of smuggling petroleum products to neighboring countries, to the detriment of the general public who find it difficult to meet their daily fuel needs. Some members who …

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Oil rig from Ghana to drill Namibia’s first well

An oil rig owned by Transocean and used for Ghana oil works is heading to Namibia. Brazil’s HRT Participações em Petróleo S.A. on January 15, 2013 confirmed that it has received from Transocean the semi-submersible drilling-rig Marianas at offshore Ghana. “The rig will be in transit to Namibian waters for …

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Full capacity test for Jubilee FPSO in coming weeks as oil output ramps up to 120,000 – Tullow

The floating production, storage and offloading (FPSO) vessel at the Jubilee oilfields will for the first time be tested to its full capacity in the coming weeks, operator at the Ghana field, Tullow Oil said today January 11, 2013. This is due to the field’s increase in oil production per …

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Hess cuts budget, plans $550m for Ghana, Iraq oil works in 2013

US-based Hess January 9, 2012 cut down its 2013 budget 18% as the company plans spending $6.8 billion on its operations worldwide for the year. Hess’ capital and exploratory budget for 2012 was $8.3 billion. The company has prepared to use $550 million of the 2013 budget for “further exploration …

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Wa gets fuel after acute shortage

A tanker carrying fuel belonging to Union Oil arrived in Wa on Tuesday after a week of acute fuel shortage that stalled the operations of commercial transport and other motorists in the Upper West Region. Fuel station operators in the Wa Municipality said the shortage was due to their inability …

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