BY FREDERICK ASIAMAH – Contrary to general knowledge among the Ghanaian public as well as civil society groups that the Petroleum (Exploration and Production) Bill, 2010 has been withdrawn from Parliament, Mr Inusah Fuseini, Deputy Minister of Energy, insist the Bill is still before Parliament. Last Tuesday, Mr. Fuseini vehemently opposed suggestions that the Bill...
Oil Contracts
Contracts related to the production of oil in Ghana
SA firm to build oil refinery in Ghana
South Africa’s Alpha Refinery is financing the construction of a $ 7 billion refinery at Atuabo in the Western Region to process crude from the Jubilee Fields, Executive Chairman, Melvyn Julie, said in Accra. The refinery will have a capacity to process 200,000 barrels of crude a day. “We have signed the Memorandum of...
Tullow seen beating peers with $30 billion Africa find: Energy
By Eduard Gismatullin (Bloomberg) — Tullow Oil Plc, the U.K. explorer that unlocked billions of barrels in frontiers from Uganda to French Guiana, wants to repeat those landmark finds drilling onshore East Africa as peers target natural gas offshore. With Canadian partner Africa Oil Corp., Tullow is aiming for at least 300 million barrels of...
Asian refiners to cut West African crude imports by 13% in March
By Sherry Su (Bloomberg) — Asian refiners will cut their daily imports of West African crude for loading in March by 13 percent from an at least seven-month high in February, according to a survey of six traders and an analysis of loading programs obtained by Bloomberg News. A total of 62 cargoes amounting to...
Sub-Sahara Africa Stocks: Tullow Oil Ghana, UBA Nigeria move
Tullow Oil Plc (TLW GN), the Accra listing of the London- based oil company, advanced 3.2 percent to 32 cedi, the highest since Sept. 16. Oil rose after China said it would help resolve Europe’s debt crisis, easing concern that economic growth will slow and curb fuel demand.
Indian engineering companies explore new business at Oil & Gas Africa
Many India Oil Exploration and companies have expressed major interest in establishing business at the sub-Saharan region where oil is recently seen as a major dominant factor of economy progression. In a press statement copied to Ghana Oil Info in sequence of the upcoming Oil and Gas Africa 2012 expo event, indicated that India’s...
Ghana OMCs hope for full participation in oil sector
Some Oil Marketing Companies (OMCs) have said after one year of oil production in Ghana there is still no clear opportunity to fully participate in the budding industry. The companies had high hopes prior to the oil production in Ghana and the opportunity to do business in the industry. Industry players even predicted an...
Ghana to host gas forum
Government’s strategic plan to utilize the gas from the oil-producing Jubilee Field to boost industrialization and also minimize the detrimental environmental effects associated with gas would hit the spotlight at an international gas forum scheduled for February 15 and February 16 in Accra. The Ghana Gas Forum seeks to bring to the fore, key...
Key political risks in the Gulf of Guinea
A stretch of West Africa’s coast spanning more than a dozen countries, the Gulf of Guinea is a growing source of oil, cocoa and metals for world markets. But rising rates of piracy, drug smuggling and political uncertainty in an area ravaged by civil wars and coups have made it a challenging area for...
Aker Solutions wins Ghana contract
Aker Solutions has signed a frame agreement with Tullow Ghana Limited to provide well intervention services for the oil company’s Jubilee and Tano deepwater fields offshore Ghana, West Africa, Norway Post reported on 5 February. The initial contract period is for three years, with two additional one-year options (3+1+1). Aker Solutions estimates that the...
