Contracts related to the production of oil in Ghana
Cabinet has approved the policy framework for local content and local participation in petroleum activities. The policy is to be developed into legislation to ensure that Ghanaians derive maximum benefits for Ghana’s oil find. The Deputy Minister for Energy, Hon. Emmanuel Armah-Kofi Buah, disclosed this at a forum dubbed “Roadshow on local content” in...
China’s Cnooc Ltd. and French oil major Total SA are each expected to acquire a third of Tullow Oil Plc’s oil assets in Uganda, Tullow said in a statement. Both companies have recently made presentations to the Ugandan authorities and Tullow said it expects these transactions and Tullow’s purchase of Heritage Oil Plc’s Uganda assets...
Ghana is to enter into a deal with Equatorial Guinea for the supply of one million barrels of high quality-crude oil annually. In furtherance of this, President John Evans Atta Mills is in that country to sign an agreement with President Theodore Nguema Mbasogo. The signing of the accord marks the end of months...
Gas has started flowing through the West African Gas Pipeline (WAGP) from Nigeria to Takoradi to power the Aboadze Thermal plants. The flow started about three weeks ago at between 30 and 50 million standard cubic feet per day (mmscfld) by gravitational force, but needs an accumulated 800 mmscfld for all the four thermal...
The Chief Executive of Ghana’s state-owned oil refinery, Dr. Kwame Ampofo, has been sacked from his post with immediate effect, local news reports said on Wednesday. Mr. Ato Ampiah, former head of Toyota Ghana Limited, replaces him as the new Managing Director of the Tema Oil Refinery also known as TOR. Ghana’s deputy Information...
By Bassey Udo – The new Nigerian Content Act, unveiled on Wednesday in Abuja, has given a maximum of four years to all operators in the nation’s oil and gas industry to replace expatriates in their employ with Nigerians. Each operator in the industry is also expected to put in place an employment and...
One major reason why Ghana continues to grapple with irregular crude oil supply could possibly be to the abrogation of government contracts with Sahara Oil, which has been a major supplier in times past, industry players suspect. The Nigerian oil company, Sahara Energy Resources, until the Mills’ administration assumed office, was the sole supplier...
MTN Ghana on Friday organized a day’s workshop to discuss and explore the prospect of providing broadband network services to oil companies operating offshore in Ghana. The workshop, organized in collaboration with Pard Energy (PE), a Norwegian based energy company, aims to create awareness of the technological opportunities and potential to converge broadband data...
The main vessel for the production of crude oil in Ghana’s Jubilee Field was christened in Jurong Shipyard in Singapore on Saturday. For many Ghanaians, the unveiling of the Floating, Storage, Processing and Offloading vessel or FPSO is the first sign yet that their country is on schedule to become an oil-producing nation in...
The Ivorian Minister of International Affairs has taken a swipe at the Ghanaian media for misconstruing the concerns of Ivory Coast concerning its maritime boundary with Ghana. According to Desire Tagro, Cote D’Ivoire’s concerns were not about the oil fields and warned the media to stop stirring unnecessary tension between the two countries. He...
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