Conditions of work, issues and events related to production of oil
Jubilee Partner, Tullow Oil Ghana says local content build-up is at the heart of its oil and gas operations because of the commercial advantages. Communications Manager, Gayheart Mensah says local capacity building and capability development helps to ease access to local raw materials for the company whilst creating shared prosperity in the country. This he...
About $741.2 million is needed to develop all five of Ghana’s airports as passenger and aircraft movements grow steadily, according to Ghana Airports Company Limited (GACL) document cited by ghanabusinessnews.com. The company is looking to source the funds from both public and private sectors. The document, which gave a capital investment programme for all...
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 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...
Revenue Watch Institute (RWI) has announced its third class for African journalists seeking new expertise in reporting on oil, gas and minerals, to be held in Kampala, Uganda, this May. The training program seeks to engender an informed, responsive media community to provide oversight of the money from these industries. The application process is open...
February Feb 8 (Reuters) – Ghana’s government has proposed a 20 percent reduction in fuel price hikes after labour unions threatened to go on strike, but the National Petroleum Authority has not yet signed off on the move, officials said. In December Ghana announced a cut in fuel subsidies following an increase in crude...
Ghana, which became Africa’s newest oil exporter in 2010, will boost crude output more than fivefold in the next five years as new wells come on stream, according to Deputy Minister of Finance and Economic Planning Fifi Kwetey. Production will rise to 500,000 barrels a day, Kwetey said today at a conference in Accra,...
By Edward Klump, (Bloomberg) — Anadarko Petroleum Corp., the largest U.S. independent oil and natural-gas producer by market value, reported fourth-quarter adjusted profit that surpassed analysts’ estimates as output hit the top end of the company’s forecast and oil prices rose. Excluding the cost of writing down the value of coalbed methane properties and other...
Mr. Kojo Bonsu, the recently replaced acting Managing Director of GOIL says he is grateful to the Board, Management and staff of the company for the co-operation and loyal support he received for the past six months during which he managed the largest existing indigenous oil marketing outfit in the country. In an interview...
Ghana’s seaport of Takoradi has regained its former vibrancy in the past year since President John Atta Mills turned the wheels to mark the production of first oil. As the numbers of expat oilman increases, so does the prostitution. by Francis Kokutse, Takoradi As an old harbor city and the western regional capital, Takoradi...
