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Oil & Gas

Ghanaian businesses in oil sector must be empowered – Minister

Mr Emmanuel Kofi Buah, Minister of Energy, Oil and Gas, on Tuesday called for the empowerment of local businesses through strong partnerships to enable them to serve as front-runners in the country’s petro-chemical industry. He stressed that such partnerships with foreign allies would enable the Ghanaian businesses to add value …

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Ghana’s oil & gas industry is growing market – UK High Commissioner

Mr Peter Jones, British High Commissioner, on Monday described Ghana’s oil and gas industry as a growing market that offers substantial opportunities for UK companies to do business. He has therefore called for deployment of highly developed skills to utilise the country’s gas reserves. “With oil production in Ghana expected …

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Upper East Regional Minister warns fuel smugglers

Dr Ephraim Avea Nsoh,  Upper East Regional Minister on Thursday warned  that  henceforth fuel smugglers and people who hoard it would not be spared by the law. Of late the Upper East Region has been experiencing fuel shortage due to smuggling.  The practice is very common at Paga and Bawku, …

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Menergy in court to claim properties from SSNIT

Menergy, an oilfield Services Provider is praying the Sekondi High Court One to help the company secure its GH¢5.2 billion land and other properties from the Social Security and National Insurance Trust (SSNIT). The properties which were originally owned by Ghana Railways Company were sold by SSNIT after a court …

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Ghana gas infrastructure suffers another setback

As country receives only $200 million of $3 billion China loan The Ghana government has said it received only $200 million out of the total $3 billion China Development Bank (CDB) loan that it applied for. At a budget review workshop with the Institute of Financial and Economic Journalists (IFEJ) …

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Ghana’s oilfields to get water treatment plant

A water treatment plant is to be established at Essiama in the Western Region to cater solely for the oil fields, Alhaji Collins Dauda, Minister of Water Resources, Works and Housing, announced on Thursday. He was speaking to the media at the Inchaban Water Works during a one-day duty tour …

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Ghana projects $581.7m oil earnings in 2013 fiscal year

Ghana expects to generate revenue of $581.72 million from oil at the Jubilee fields by the end 2013, Finance and Economic Planning Minister Seth Terpker has told Parliament. Presenting the 2013 budget March 5, 2013, Mr terkper told the country’s 275-member legislature that the projection was based on an estimated …

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WAPCo urged to meet April 30 deadline on gas supply

Mr Emmanuel Armah-Kofi Buah, Minister for Energy, has urged West African Gas Pipeline Company (WAPCo) to ensure it adheres to the schedule date of resumption of operations of the gas pipeline. According to him, the ever growing significance of gas supply to the region and the importance, which Ghana government …

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PIAC wants forensic audit on $4.2b expenditure by Jubilee partners

The Public Interest and Accountability Committee (PIAC) says the government must conduct a forensic audit into the $4.2 billion expenditure supposedly incurred by the Jubilee Partners prior to the start of oil production in 2010. That, it said, would help ascertain the veracity or otherwise of the figure so as …

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