Conditions of work, issues and events related to production of oil
Investors will gather in Accra from February 7-8, 2012 to hear why Ghana provides an alternative attraction for global capital and foreign direct investment (FDI) amid a developed world of uncertainty and sluggish growth. A joint collaboration between the Ministry of Finance and Euro-money Conferences — a world-leading organiser of conferences for cross-border investment...
A $150 million loan agreement to finance an ICT-enhanced surveillance and monitoring facility for the oil and gas enclave project in Ghana is to come before Parliaament for scrutiny. Another subsidiary loan agreement involving $850 million to finance the Western Corridor Gas infrastructure development project is also expected before the House for consideration before approval....
The Board of Governors of Ghana Oil Company, GOIL has denied booting out the Acting Managing Director,MD of the company Kojo Bonsu for non performance. There have been media reports that Kojo Bonsu has been axed because he failed to live up to expectation and also tried to stall the appointment of a substantive...
A delegation from the Ghana Oil Company (GOIL), Accra, Ghana visited Emirates General Petroleum Corporation (Emarat), at its headquarters in Dubai, to examine the possibility of obtaining lubricants and related products from Emarat. GOIL is an oil company of Ghana with majority shares owned by the Govt. of Ghana. The company operates in the...
INTERTEK, a leading provider of quality and safety solutions to a wide range of industries worldwide, has opened a new purpose-built petroleum laboratory in Takoradi Port, Ghana. The growth of Ghana’s petroleum industry in the Takoradi region has increased market demand for the independent petroleum industry testing, inspection and calibration services offered by Intertek....
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...
A service company in the petroleum downstream sector, Breezer International, has introduced two new petroleum products on the Ghanaian market. Power Super and Power Diesel would enhance the efficiency and performance of vehicle engines and help improve vehicle performance, the company said. The products also allows motorists to cover more distance per litre and enjoy...
Shell Ghana is hoping to be rebranded as VIVO Energy by end of March this year. The move which is subject to management approval will however affect only its corporate-brand and offices but exclude the service and commercial stations. The rebranding has been necessitated by changes in the shareholding structure of Shell’s businesses in...
ACCRA, Ghana – Africa’s largest independent oil company, Tullow Oil plc (‘Tullow’), today kicked off a business initiative aimed at attracting and facilitating further investment in the continent. Known as “Invest in Africa”, the programme aims to encourage long-term investment across the continent to help build and develop local capacity, boost domestic job markets, develop skills...
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...
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