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Oil & Gas
Oil becomes Ghana’s second main export with value of $3b in 2012 – Stanchart
Crude oil is now Ghana's second main export, increasing moderately in the past two years from $2.7 billion in 2011 to $3 billion in 2012, according to Standard Chartered Research.
Gold is the country's highest foreign exchange earner.…
Ghana sets up enterprise centre to boost local content in oil sector
Mr Emmanuel Armah-Kofi Buah, Minister of Energy and Petroleum, on Thursday inaugurated Enterprise Development Centre (EDC) in Takoradi.
In an address, he said the EDC is part of the core component of the local content and local…
Africa suffers deficit in governing oil, mining sectors – Report
Despite fine laws and regulations put in place to promote transparency, resource-rich African countries fall short in governing their natural resources especially in the mining and oil sectors, a new report published May 15, 2013 has…
Tullow Oil invests $669m in Ghana in 2012 for CSR – CEO
As part of its commitment towards the socio-economic development of the country, Tullow Oil plc in 2012 invested $669 million as part of its corporate social responsibilities.
Out of the amount $114 million was spent on building the…
NGOs call on Ghana government to support districts along Jubillee oil field
The Ghana government has been called upon to take a second look at supporting the six coastal districts along the Jubilee Oil Field, off Cape Three Points in the Western Region.
Madam Clara Osei-Boateng, Director of Programmes and Advocacy…
SA petroleum expert to train players in Ghana’s downstream sector
Mr Francois van Schalkwyk, Technical Manager of the International Business Division of Engen Petroleum in South Africa is to visit Ghana from May 14 to train players in the downstream sector of the petroleum industry.
Mr van Schalkwyk will…
Mantrac Ghana to build $20m centre for oil, mining clients
Mantrac Ghana Limited will invest over $20 million into the construction of a new Engine Rebuild Centre near Takoradi to serve the oil and Gas and Mining clients, Mr Emad Adeeb, Managing Director, said on Monday.
Speaking to journalists on…
Ghana’s oil sector likely to weaken agric growth – GIMPA Lecturer
Dr Joe Taabazuing, Senior Lecturer at the Ghana Institute of Management and Public Administration (GIMPA), has indicated that Ghana’s fast growing oil and gas sector was likely to weaken the agricultural area if systematic sustainable steps…
Veep tasks media, CSOs to ensure transparent use of Ghana’s oil revenue
Vice President Kwesi Bekoe Amissah-Arthur on Friday assured Ghanaians of effective management of the nation's oil proceeds, and tasked the media and civil society to continue to hold Government accountable to facilitate transparency.
He…
Running smooth on Ghana’s Jubilee oilfields
Everything looks smooth at Ghana's Jubilee oilfields as projects are being on schedule as planned.
The Jubilee field production is currently producing an average 104,000 barrels of oil per day (bopd) in the year to date in line with what…