Home / Oil & Gas (page 98)

Oil & Gas

Oil Marketing Companies inaugurates five oversight enforcement committees

The Association of Oil Marketing Companies (AOMCs), on Wednesday inaugurated five industrial oversight enforcement committees, tasked to ensure integrity, probity, accountability and transparency in the pursuit of business objectives. The members of the Technical Committee are, Mr Augustine Osei-Bonsu of Shell Ghana, Mr Marina Perez, Total Petroleum Company; Mr Patrick …

Read More »

Nigeria loses $5b yearly to crude oil theft

Nigeria reportedly loses about $5 billion to oil bunkering. Some suspects have been arrested by the Nigerian security authorities for operating illegal oil bunkering in some parts of the country. According to a News Agency of Nigeria report March 31, 2012, some unnamed Ghanaians were among over 150 persons including …

Read More »

Remove ex-refinery levy – Court of Appeal

High Court order which had directed it in November 2011 to remove levies im­posed on petroleum products, the court, in a unanimous decision, held that the NPA failed to convince it to stay the lower court’s order. The court, presided over by Mrs Jus­tice Henrietta Abban, with Mr Justice F. …

Read More »

Veep urges public-private partnership in oil and gas industry

Vice President John Dramani Mahama on Tuesday said public private partnership was critical in mobilising financial resources for the development of the emerging oil and gas industry. Addressing the opening session of the Third Ghana Summit, Vice President Mahama said government and the private sector needed to work hand-in-hand to …

Read More »

Oil fund for Africa has no money

A proposed oil fund, the Africa Petroleum Fund, established to support non-oil exporting African countries is empty because member states of the African Union (AU) are reluctant to make contributions into the fund. Since its inception in 2010 no country has contributed to the fund. Member states and oil companies …

Read More »

Ghana, Nigeria, others meet to discuss gas market for regional development

A two-day forum aimed at providing a platform for decision-makers to discuss gas market development opportunities, challenges as well as solutions would be opened on Wednesday in Accra. The forum would also offer stakeholders in the industry the chance to discuss the importance of the regional energy market, the role …

Read More »

Government should institute alternative livelihoods for oil find communities – Economist

An Economic Consultant, Mr Abdallah Ali-Nakyea, on Saturday called on the Government to institute alternative livelihood support projects for the local communities in the oil find areas to avoid chaotic situations in future. He said the major livelihood of the coastal people in the Western Region was fishing and that  …

Read More »

Ghana to build $200m storage terminal for gas, petroleum products

State-owned Bulk Oil Storage and Transportation (BOST) Company Limited will start constructing a $200 million facility that would store Liquified Petroleum Gas (LPG) and other petroleum products. The terminal, which will be financed with the $3 billion Chinese loan, is said to be sited at Atwereboanda in the Ahanta West …

Read More »

Tullow finds quality oil at Enyenra-4A appraisal well offshore Ghana

Tullow Oil Plc has encountered oil in very good quality sandstone reservoirs at the Enyenra-4A appraisal well in the Deepwater Tano licence offshore Ghana, the company said in a statement today March 16, 2012. According to Tullow, the Enyenra-4A well was drilled to define the southern extent of the field. …

Read More »

Players happy so far with Ghana’s oil and gas industry performance

The General Transport, Petroleum and Chemical Workers’ Union (GTPCWU), has expressed satisfaction over the performance of the nascent Oil and Gas industry in Ghana. Mr E.A. Mensah, General Secretary of the GTPCWU, said so far things were moving smoothly and the expectation was that, given the experiences and lessons “we …

Read More »