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Oil & Gas

Ghana develops local content, participation policy framework in petroleum sector

The Ministry of Energy has developed a policy framework on Local Content and Local Participation in Petroleum related activities approved by Cabinet and awaiting legislation. Dr Joe Oteng Adjei, the sector minister, announced this in a speech read on his behalf at the ninth Quadrennial delegates, conference of the General …

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Ghana, Ivory Coast won’t go to war over maritime border dispute – Akufo-Addo

Nana Akufo-Addo, flag bearer of Ghana’s main opposition party – the New Patriotic Party is confident that Ghana and Ivory Coast will not be at war over the ‘disputed’ maritime border between the two neighbouring countries. The disputed border covers some parts of the Jubilee oil fields which is said …

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Ghana’s Jubilee oil field produces 30 million barrels of oil in 2011

The largest oil field in Ghana, the Jubilee oil field has produced 30 million barrels of oil in 2011, according to Tullow Oil, the lead operator in the field. The company states in its financial records for 2011 that “30 cargoes have been safely exported.” Commercial production of oil in …

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Ghana to use more money from second ‘possible’ MCA on liquified petroleum gas

Ghana’s Vice President John Dramani Mahama on Tuesday announced that government would spend a significant amount of money from the phase two of the Millennium Challenge Account (MCA) on Liquified Petroleum Gas. He said Ghana was taking up that move to make LPG accessible and affordable to replace the use …

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President Mills defends relocation of Ghana’s gas plant

The decision to relocate the national gas plant from Bonyere to Atuabo, in the Western Region was influenced by the national interest, President John Atta Mills has said. He said the initial decision was to site the plant at Bonyere, close to the Osagyefo Barge, but the change in location …

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Ghana arrests hijacked crude tanker from Nigeria

The Ghana Navy has arrested an oil tanker, MV Madina that attempted to discharge hijacked crude oil from Nigeria at the Saltpond Offshore Producing Company Limited (SPOCL). Mr Quincy Sintim Aboagye, Chief Executive Officer of   SPOCL, who had earlier received information about the hijacked crude from the owners, directed that …

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Ghana develops new strategy on use of LPG after completion of first gas plant in 2013

More Ghanaians are to be encour­aged to use liquefied petroleum gas (LPG) when the gas processing plant comes on stream in 2013. In that regard, the Ministry of Energy has formulated a strategy to vigorously promote the use of liquefied petroleum gas (LPG) in domestic and public institutions. The aim, …

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Kosmos Energy plans lifting between 6-8 cargo crude offshore Ghana in 2012

Kosmos Energy is expecting to lift between six to eight cargo crude from the Jubilee fields offshore Ghana in the year 2012. The company made the estimation based on the gross production at Jubilee averaging between 70,000 and 90,000 barrels of oil per day in 2012. “Kosmos anticipates gross production …

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