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Oil & Gas

Veep directs Energy Ministry, NPA to inspect all petroleum depots

The Vice President, Mr John Mahama, has directed the Ministry of Energy and the National Petroleum Authority (NPA) to inspect all depots of petroleum products to ensure that the operators follow the rules and regulations of keeping such products. He again asked the Ministry of Energy and the NPA to …

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Tullow Oil wins Ghana local content award

Lead Jubilee operator, Tullow Oil has received a Local Content Award at the third Ghana Summit on Oil and Gas recently held in Accra, the company has announced. In a statement June 21, 2012, Tullow said it received the award based on its implementation of policies that ensure significant participation …

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Ghana Oil Company takes giant leap into energy sector

Mr Patrick Akorlie, the Managing Director of Ghana Oil Company (GOIL), on Thursday said the company had taken a giant leap into the energy sector by expanding its venture from fuel retailing to other industrial businesses. “The energy industry is the totality of all of the industries involved in the …

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Ghanaian farmers suspend clearing of land for Domunli gas project

A group of farmers in the Jomoro District have resisted the clearing of their coconut plantations and other cash crops for the construction of the proposed Domunli Gas Project. According to the farmers, not until compensations are paid on the crops on their farms, they would not allow the clearing …

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Oil countries give Africa $60m to boost socio-economic development

Six African countries will receive a total loan and grants of $60.9 million from the Organization of Petroleum Exporting Countries (OPEC) in order to expand their socio-economic development frontiers. OPEC’s Fund for International Development (OFID) Governing Board approved the funds on June 15, 2012 in Seefeld, Austria during its 139th …

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Ghana considering new policy to regulate gas cylinders

The National Petroleum Authority (NPA) of Ghana is considering a policy to remove old and defective gas cylinders from the system to avoid gas explosions and maintain safety at homes and public areas. The Director for Pricing, Planning and Research at the NPA, Dr Dan Amoah, said this at a …

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Ghana’s success in oil industry to be measured by level of poverty reduction – GHEITI

Ghana’s success in the Oil and Gas Industry would be measured by the level of poverty reduction and the provision of jobs and infrastructure development in the country. Mr Franklin Ashiadey, National Coordinator of the Ghana Extractive Industries Transparency Initiative (GHEITI) of the Ministry of Finance and Economic Planning, said …

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Ghana, Kosmos Energy start capacity building initiatives in oil industry

Kosmos Energy in collaboration with Ministry of Environment, Science and Technology (MEST), is conducting an International Maritime Organisation (IMO) course for selected governmental, industry and community stakeholders in Accra and Takoradi from June 11-20. It is designed to outline the key responsibilities of oil spill management for decision makers while …

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Ignore IMF on fuel subsidy removal – TUC tells government

The Ghana Trades Union Congress (GTUC) has said it will not countenance any policy that will further worsen the economic situation of Ghanaian workers and their families. It called government to ignore pressure from the International Monetary Fund (IMF) to remove subsidies on petroleum products, noting that, fuel price increases …

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