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Oil & Gas

Ghana lifts 5.9 million barrels of crude oil – GHEITI

Ghana has to date lifted about 5.9 million barrels of crude oil, representing a total revenue of $903 million, Mr Franklin Ashiadey, National Coordinator of the Ghana Extractive Industries Transparency Initiative (GHEITI), said at the weekend. He was speaking at a one-day sensitization workshop on GHEITI on Oil and Gas …

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Chamber believes Ghana’s Local Content Bill can boost enterprise development

Mr Stephen Annan, Executive Secretary of the Sekondi-Takoradi Chamber of Commerce and Industry, (STCCI), has called for the passage of the Local Content Bill to ensure that operators in the jubilee oil fields did the right things. He said the bill had the potential to boost enterprise development and capacity …

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Ghana must invest in technology to drive oil & gas economy – GIMPA Rector

Ghana must invest in modern technologies and create the necessary pool of Information Communication Technology (ICT) – human resources to drive her oil and gas economy. Professor Yaw Agyeman Badu, Rector of Ghana Institute of Management and Public Administration (GIMPA) gave the advice in Accra at the weekend at the …

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First EITI report on Ghana’s oil & gas expected in September 2012

The first Ghana Extractive Industry Transparency Initiative (GHEITI) report on oil and gas covering 2009/2011 is expected to be produced by September this year, Dr. Steve Manteaw, Vice Chairman of the Initiative, said on Friday. He was speaking at a one-day sensitization workshop on the GHEITI for assembly members from …

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Government to expedite action on gas production – Sherry Ayittey

Government will expedite action on efforts aimed at providing natural gas for industrial use, towards Ghana’s socio-economic growth and development. Mrs Sherry Ayittey, Minister of the Environment, Science and Technology, made the pledge at a Sustainability Summit at Tema on Friday. It was organized by Unilever Ghana on the theme: …

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Ghana gov’t starts payment of compensation to farmers affected by gas project

The Ghana government, on Thursday, started the payment of the compensation to farmers whose economic crops were destroyed during the demarcation of land for the proposed Domunli Gas Project in the Jomoro District. Dr George Sipa Yankey, Chief Executive of the Ghana National Gas Company, which is disbursing the funds, …

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Jubilee oil production averages 63,100 barrels per day in 2012 first quarter

Oil produced from Ghana’s Jubilee fields during the first quarter of 2012 averaged 63,100 barrels of oil per day (bopd) at gross, lead operator Tullow Oil said today July 4, 2012 in a trading statement. Currently, the oilfields’ output, according to Tullow, is at approximately 63,000 bopd gross with a …

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Ghana to build standardized premix fuel stations

Ghana’s Ministry of Food and Agriculture (MoFA) in consultation with the relevant stakeholders has evolved modalities for the setting up of standardized premix filling stations with full safety gadgets in place. Mr. Kwesi Ahwoi, the Sector Minister, who announced this on, Tuesday, said the state of the nation’s emergency preparedness …

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Fuel tankers to be monitored with tracking devices

The Chief Executive of the Association of Oil Marketing Companies (AOMC), Mr Kwaku Agyeman Duah, has stated that the implemen­tation of the policy to use tracking devices on all fuel tankers within the country will com­mence next month. The move is to trace and track all fuel tankers that load …

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