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Oil & Gas

Ghana says will prevent financial leakages in extractive industry

President John Dramani Mahama on Saturday gave the assurance that government would put in place adequate measures that would prevent financial leakages in the oil and gas and the general extractive industry. He said: “In Ghana, government has a vibrant media, strong Civil Society Organizations, and is also a signatory …

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Oil threatens coconut in Western Region

The coconut crop is grown extensively in the three districts of the southern part of the Western Region –  Jomoro, Ellembelle and Nzema East. These three districts  account for more than 80 per cent of the country’s coconut production. The crop is reputed for improving digestion and  inflammatory conditions associated …

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Gas pipeline workers want better working conditions

About 200 workers engaged in various gas pipeline projects in the Western Region could lose their social security and other entitlements because their employers, Sinopec International, is allegedly not honouring such entitlements. They are alleging that Sinopec is using loop holes in the labour laws to circumvent the payment and …

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Coastal communities complain oil industry threatening livelihood

Representatives of the six coastal districts along the Jubilee Oil Field off Cape Three Points in the Western Region, have complained that the oil industry is gradually threatening their livelihood. They said contrary to expectations that the oil exploration would enhance their livelihood; it is rather impacting negatively on their …

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Think tank commends Tullow, Kosmos for transparency but …

The Africa Centre for Energy Policy (ACEP), a think-tank in the energy and extractives industries has commended Kosmos Energy and Tullow Oil for satisfying some major requirements for deepening transparency and accountability in the oil and gas industry. In a release signed by Mr Mohammed Amin Adams, Executive Director of …

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Jubilee partners confirm approval of Ghana’s second oil project

Kosmos Energy and Tullow say the Ghana government has approved the Plan of Development (PoD) for the Tweneboa-Enyenra-Ntomme (TEN) oil project. Both explorers confirmed the approval in separate statements today May 30, 2013. According to Kosmos, approval of the PoD paves the way for partners like Tullow, Anadarko, PetroSA, and …

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Ghana government, Jubilee partners disagree over oil project

There is disagreement between the government and the Jubilee partners over the implementation of the Tweneboa, Enyina and Ntumme (TEN) oil project in the Western Region. While the government requests the Jubilee partners to drill the Ntumme well for it to fully assess the commercial viability and risk of the …

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P.V. Obeng calls for spatial planning for coastal districts along Jubilee oilfields

Mr Paul Victor Obeng, Senior Presidential Advisor, on Tuesday underscored the need for effective spatial planning for the six coastal districts along the Jubilee Oil Field in the Western Region. This, he said, should address the fast destruction of the environment and natural resources to ensure proper management and coastal …

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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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