Home / Oil & Gas (page 99)

Oil & Gas

Ghana Oil Company appoints Chris Ackummey as new Acting Managing Director

The Board of Governors of Ghana Oil Company Limited (GOIL), has appointed Mr Chris A. Ackummey as the new Acting Managing Director until the formal appointment of a substantive head. Mr Ackummey, who is a Board member of GOIL, takes over from Mr Kojo Bonsu another Board member, who acted …

Read More »

Drastic shortfall of gas supply from West African Gas Pipeline leads to power ration in Ghana

The Volta River Authority (VRA), has announced that there would be an indefinite reduction of power supply by 100 megawatts, during the peak periods every day from 6.00 pm (1800) hours to 10.00 pm (2000). This is due to the drastic shortfall in the supply of gas from Nigeria through …

Read More »

Ghana’s Trades Union to emabrk on nationwide protest over government’s refusal to restore fuel subsidies

The Ghana Trade Union Congress (TUC) on Thursday announced a plan to embark on a nationwide demonstration over government’s refusal to restore the subsidies on petroleum products. Mr Kofi Asamoah, Secretary General of the TUC, said at a press conference: “subsidies in fuel pricing are an important mechanism by which …

Read More »

London-based Intertek Plc opens new testing laboratory for Ghana’s petroleum industry

London-based firm, Intertek Group Plc says January 31, 2012 it has opened a new purpose-built petroleum laboratory at Ghana’s Takoradi Port. The company says it opens the lab to meet the increased market demand for an independent petroleum industry testing, inspection and calibration services. The company said in a statement …

Read More »

Ghana Parliament approves China loan offtaker agreement for crude oil lifting

The Parliament of Ghana on Wednesday approved an offtaker agreement between the Ghana National Petroleum Corporation (GNPC) and the UNIPEC Asia Company Limited for the lifting of crude oil from the Jubilee Field. The agreement is under the Master Facility Agreement (MFA) between Ghana and the China Development Bank (CDB). …

Read More »

Jomoro Youth demonstrate against re-location of gas Project

A large number of the youth in the Jomoro District of the Western Region on Friday went on a two-hour peaceful demonstration at Beyin, to register their protect against the relocation of the Domunli Gas Project. The demonstrators dressed in mourning clothes with red bands held placards some of which …

Read More »

Oil marketing firms say fuel price hikes impact on operations negatively

The Association of Oil Marketing Companies (AOMCs) on Tuesday revealed that increases in fuel prices had impacted negatively on the operation of downstream oil marketing companies. “The reality on the marketing field is OMCs make very low return on their investment, therefore when fuel prices are increased, what it means …

Read More »

Environmental Protection Agency confiscates a can of diesel

The Eastern Regional Office of the Environmental Protection Agency (EPA) has confiscated a can of diesel from a woman who was selling the commodity in her house at Kokom-Kwamoso near Adawso. Mr Felix Addo-Okyireh, the Regional Director of the EPA, expressed worry over the sale saying that it posed danger …

Read More »

Tullow to undertake nine exploration, appraisal activities in Ghana during 2012

British oil producer Tullow says it is certain to undertake nine exploration and appraisal activities in Ghana during the year 2012. The activities will take place at nine prospects, eight of which are located at the Deepwater Tano block and the other situated at the West Cape Three Points block, …

Read More »