Political issues and events relating to oil produced in Ghana
Abuja — The chairman of the Senate Committee on Petroleum (Upstream), Senator Lee Maeba has lauded the signing into law of the Nigeria Content Bill by Acting President Goodluck Jonathan saying that it is a giant step towards ending the dominance of expatriates in the Nigerian oil and gas industry. Senator Maeba who sponsored...
Ghana is yet to come out with a law requiring oil exploration firms operating in the country to use local content. The local content policy refers to the level of local expertise and businesses among others, participating in the country’s oil and gas industry. Reuters reported last week that Nigeria’s acting president signed into...
By Kwesi Atta-Krufi Hayford — Is our crude oil management on the verge of collapse again? Like the popular English football chant “Here we go, here we go, here we go ooh”, the NDC is back to their ways in (mis)managing Ghana’s oil economy again and typical of the mess they left the nation...
By Eduard Gismatullin and Tara Patel (Bloomberg) — Tullow Oil Plc said Kosmos Energy LLC will remain involved in Ghana’s Jubilee oilfield project until at least the first crude is produced later this year. The planned sale of Kosmos’s Ghanaian assets, including a stake in the offshore Jubilee field, to Exxon Mobil Corp. has...
A Deputy Minister of Energy, Mr Emmanuel Armah-Kofi Buah, on Friday announced that the country was on course to pump its first oil from the Jubilee Field come the last quarter of this year. Production in the last quarter, he said, marked the beginning of the first phase of the Jubilee Field Project. A...
The Government is extending legislation on the Extractive Industry Transparency Initiative (EITI) to Ghana’s oil and gas sector for full disclosure. Deputy Ministry for Energy, Emmanuel Armah-Kofi Buah says the initiative coupled with the Freedom of Information Bill, is expected to ensure good governance in the oil and gas industry. The Ghana National petroleum...
Energy Minister Dr. Joe Oteng Agyei says government has presented a fresh proposal to oil exploration firm Kosmos Energy on the disposal of its stake in the Jubilee Field. According to the minister, government, under the new deal, is willing to consider a sale to ExxonMobil only on condition that the Ghana National Petroleum...
By Fred Ojambo – April 20 (Bloomberg) — Uganda’s anticipated oil revenue will “significantly” help finance the country’s five-year, $26 billion national development plan, the National Planning Authority said. The East African nation may begin producing oil later this year when Tullow Oil Plc starts output at its Kasamene field. The U.K.-based explorer has...
By Felix Onuah - ABUJA, April 20 (Reuters) – Nigeria’s Acting President Goodluck Jonathan wants a sovereign wealth fund for sub-Saharan Africa’s biggest energy producer established within months, the country’s new finance minister said on Tuesday. At a meeting in Abuja, Jonathan told the National Economic Council — made up of ministers, economic advisers,...
There is a huge fight brewing over the Kosmos/EO group matter in the United States of America (USA). In focus now is Ghana government’s persistent determination not to allow Kosmos to sell to Exxon-Mobil. In a write-up filed on the matter by Chuck Neubaur of the Washington Post said Ghana and Kosmos are fighting...
Have Your Say