Issues and events related to the business of oil production in Ghana
The United Nations Development Programme (UNDP) is supporting Ghana’s Energy Commission to develop a Country Action Plan on “Sustainable Energy For All” , Dr. Joe Oten-Adjei, Minister for Energy has disclosed. The document, Dr. Oten-Adjei said, would be presented at the upcoming Climate Summit in Rio (Rio+20) for donors to contribute to the funding...
DALLAS, (BUSINESS WIRE) — Kosmos Energy announced on Monday that it has exercised a right under the existing Joint Operating Agreement to acquire the participating interest of Sabre Oil & Gas Holdings Limited in the Deepwater Tano Block, offshore Ghana. The purchase price is estimated at $365 million, with up to an additional $45 million...
The Public Relations Officer of GRIDCO, Albert Quainoo, has attributed the Nationwide blackout that occurred Sunday night to System Failure. Speaking to Radio Ghana, Mr. Albert Quainoo, explained that the whole nation was affected because the Plants at Akosombo, Tema and Takoradi are interconnected. The whole nation was Sunday night plunged into darkness between the...
Mr Kofi Asamoah, General Secretary of the Trades Union Congress (TUC), has called for effective and pragmatic strategies to promote the sustainability of the agricultural sector of the economy. He said every effort should be made to protect the sector and cautioned against over-reliance on the oil and gas resources for national development adding...
Oil has been found off the coasts of Liberia and Sierra Leone, energy companies have announced. African Petroleum and Anadarko say further tests are needed to see how commercially viable the finds are. Nevertheless, hopes have been raised that an oil bonanza could spur growth in the West African states – still recovering from civil wars....
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the Ghanaian public as well as civil society groups that the Petroleum (Exploration and Production) Bill, 2010 has been withdrawn from Parliament, Mr Inusah Fuseini, Deputy Minister of Energy, insist the Bill is still before Parliament.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...
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...
KAMPALA, UGANDA – After successfully listing on the Ghana Stock Exchange, Oil explorer Tullow is set to list on the Uganda Securities Exchange (USE). According to Mr. Jimmy Kiberu, the Corporate Affairs Manager at Tullow Uganda, the process of registering on the Uganda bourse commenced in the first part of 2010 – 2011. “It (Floating...
Vice President John Dramani Mahama has given the assurance that Ghana would always do everything within her purview to support African and other Third World countries in their development agenda. He said it is only through such collaboration that the country could effectively identify areas that she is comparatively stronger and develop strategies for partnership...
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...
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