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Oil & Gas

Energy Ministry to establish LPG distribution points

The Ministry of Energy is to establish Liquefied Petroleum Gas (LPG) distribution points under a pilot project in the Ellembelle District, Mr Daniel Eshun, District Chief Executive, said on Thursday. He said areas enumerated for the project included Asemndasuazo, Aiyinasi, Nyamebekyere, Adubrim, Akropong and Ngalekpole. Mr Eshun was speaking at …

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Ghana should learn from bitter experience in oil industry – Researcher

Ms Mary Akosua Togbe, a researcher at the Labour Research and Policy Institute, has noted that the late entry onto the oil producers’ map gives Ghana an advantage to learn from the mistakes of other countries. She said although the oil find had brought hope and expectations, there is also …

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Gov’t payment of TOR debt owed to GCB stabilizes Ghana’s banking sector – S&P

Ratings agency, Standard and Poor’s (S&P) has stated that the payment of arrears owed by the Tema Oil Refinery (TOR) to Ghana Commercial Bank (GCB) has helped stabilized the country’s banking sector. GCB is said to be one of the largest banks in Ghana hence a key player in the …

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Ghana government gives PIAC GH¢150,000 since inception

More than one year after the Public Interest and Accountability Commitee (PIAC) was set up, it has received only an amount of GH¢150,000 from the government of Ghana for its work. But a member of the committee, Mr. Ishmael Edjekumhene says the amount is not sufficient to pay even for …

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Tullow lands $3.5b debt refinancing for major Ghana projects, others

UK oil explorer, Tullow, announced November 7, 2012 that it has closed a $3 billion refinance debt of Reserves Based Lend (RBL) credit facilities. According to Tullow, this debt refinancing will give the company a solid foundation for funding its major projects in Ghana as well as other capital investments. …

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Tullow expects Jubilee production to exceed 90,000 barrels of oil per day end of 2012

Lead oil producer at Ghana’s Jubillee oil fields, Tullow Oil, says it is expecting current production levels at the field to exceed 90,000 barrels of oil per day (bopd) by the end of 2012. The company also said its operational and financial performance in Ghana in the second half of …

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GNPC will increase participation in petroleum operations – Minister

Dr Joe Oteng, Minister of Energy on Wednesday said government would continue to resource the Ghana National Petroleum Corporation (GPNC) to play a catalyst role to enable it meet Ghana’s financial obligations in an efficient manner. He said it would also maintain and increase the level of participation in petroleum …

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University of Energy to hold first maiden matriculation

All is set for the maiden matriculation and investiture of the newly established University of Energy and Natural Resources (UENR) at its main campus at Fiapre, near Sunyani November this month. A total of 150 pioneer students made up of 24 females and 126 males out of the 308 students, …

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Company commended for training youth in oil and gas

Mr Abuga Pele, Executive Director of Ghana Youth Employment and Entrepreneurial Development Agency (GYEEDA), has commended the Goodwill International Group (GIG) for successfully training the youth in oil and gas. He said “I must commend the authorities of the Goodwill International Group especially its CEO, Mr Philip Akpeena for getting …

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