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Browsing Category
Oil & Gas
Ghana’s power sector is drag on economy, as ECG expects $60m loss in 2013
The Ghanaian economy has been achieving sustained growth in excess of 6% annually, but the power sector has become a drag on the economy, as the Electricity Company of Ghana expects to lose $60 million in 2013.
A major, avoidable power…
Work on gas processing plant not stalled – GNGC
Construction works on the Gas Processing Plant (GPP) at Atuabo in the Western Region have not stalled, Mr Robert Lartey, Engineering Manager of the Ghana National Gas Company (GNGC) has said.
Mr Lartey said this on Saturday when…
Expert wants Ghana’s Petroleum Revenue Management Act reviewed
A law expert on Tuesday called for a review of the Petroleum Revenue Management Act (PRMA) 2011(Act 815), for best practices, efficient and judicious management of the oil and gas resources.
Mr Augustine Niber, Executive Director of Center…
Ghana opts for bridge financing as Chinese funds delay for gas project
Ghana is now resorting to bridge financing to fund the gas infrastructure at Atuabo in oil-rich Western Region, Finance Minister Seth Terpker has said.
The gas project was expected to have been completed last quarter of 2012 but it has…
Takoradi Polytechnic opens $6m centre to train students in oil & gas
The Minister of Education, Professor Jane Naana Poku-Agyemang on Friday commissioned a $6 million technical training centre for the Takoradi Polytechnic to train Ghanaian students in Oil/Gas and other technical vocations.
The training…
Ghana’s oil & gas not harmful to environment – EPA
Mr Kwadwo Opoku-Mensah, Western Regional Project Officer of the Environmental Protection Agency (EPA), has assured the public that activities at the Jubilee Oil Field would not cause any environmental effect on human beings.
He said the…
Drilling starts offshore Accra to find oil
The search for oil in the capital is on as UK explorer, Ophir Energy announces the commencement of drilling at the Starfish-1 well offshore Accra, Ghana.
Ophir, which operates offshore Accra, says June 19, 2013 that the Starfish-1 well is…
NGOs hold workshop to build capacities of local communities in oil and gas
Friends of the Nation (FoN) and OXFAM, both non-governmental organizations (NGOs), on Wednesday organized a “Policy Dialogue on Oil and Gas Development” at Half Assini.
It was on the theme: “Strengthening Participation, Transparency and…
Ghana has no money to continue Atuabo gas plant
...owes Sinopec more than $400 million
Work on the multi-million dollar gas plant being built at Atuabo in the Western Region has stalled due to lack of funds to pay contractors working on the project.
The project, scheduled to be…
Industry players urged to use ICT to sustain Ghana’s oil sector
Ms Lucy Quist, Director of Vodafone Business Solutions (VBS), has underscored the importance of using Information Communication Technology to drive sustainability, development and resource maximisation in the Oil and Gas sector.
Speaking…