Political issues and events relating to oil produced in Ghana
Government will soon procure additional meters as back-up for the Floating, Production, Storage and Offloading (FPSO) Kwame Nkrumah at the Jubilee Oilfield to record accurate quantities of oil pumped from the wells. The Minister for Energy, Dr. Joe Oteng-Adjei disclosed this in Parliament yesterday while responding to a question posed by K. T. Hammond,...
By Moses Mozart Dzawu, (Bloomberg) — Ghana’s government formed a committee to review and renegotiate mining deals including the stability agreements it has with AngloGold Ashanti Ltd. and Newmont Mining Corp., said Finance Minister Kwabena Duffuor. The objective “is to ensure that the country’s mineral resources are maximized, sustained and distributed to the good of...
Ghana’s economy will outpace its Nigerian and Kenyan peers this year and next, even though growth is expected to slow from 2011 when the country’s first oil fueled a boom in output, a Reuters poll showed on Tuesday. The West African nation, already a large gold and cocoa producer, started pumping oil from its...
Oil exploration giant Tullow Oil Plc says Ghana’s lack of infrastructure to process the natural gas associated with the Jubilee Field is not the reason for its failure to reach the production target of 120,000 barrels of oil per day, as claimed by some industry players. “This is a new field; we cannot rush...
The World Bank has appointed a Gambian, Mr Yusupha B. Crookes, as the new Country Director for Ghana, Liberia and Sierra Leone with effect from March 1, 2012. According to a release, Mr Crookes joined the Bank in 1983 as a Young Professional and rose through the ranks to the current position as Director,...
About $6 billion has been pumped into oil activities in Ghana over the last few years with local suppliers contributing less than 10%, according to the Ghana National Petroleum Corporation (GNPC). The expenditure was made on exploration, development and production activities at the Jubilee oilfields as well as others in Ghana, and the local companies...
Emmanuel Agyei, Joy Business – Government has tasked the Ghana National Petroleum Corporation, GNPC to investigate circumstances leading to expected shortfalls in oil production in the Jubilee field. It had been estimated that the field would produce on the average, 120 thousand barrels of oil a day. The target is however yet to be achieved...
Tullow Oil Plc, the lead company in Ghana’s oil production, said on Wednesday that it expected production at the Jubilee oil field for 2012 to average between 70,000 and 90,000 barrels. “Gross Jubilee production is currently over 70,000 barrels per say and following a number of remedial activities is expected to average 70,000 to...
The UK Trade and Investment will be hosting a showcase on Aberdeen’s experience in the oil and gas sector at the British High Commission in Accra, Ghana. Aberdeen has grown from a fishing port in the 1960’s to a global centre of excellence in the oil and gas industry. In many ways, it can...
From: Ghana | Radio Maxx | Ebenezer Afanyi Dadzie | Takoradi — Ghana’s leading producer of cement, GHACEM, says the industry saw a record 22% growth in 2011 relative to 2010, attributing this to the robust economic growth witnessed in the country in the year under review. The Managing Director of GHACEM, Mr. Morten...
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