Conditions of work, issues and events related to production of oil
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...
A US-based oil giant Hess Corporation has announced plans to invest about $800 million in its operations in Ghana. This is part of an exploratory budget of 6. 8 billion dollars it plans on spending on its global oil and gas operations. Hess Corporation made the announcement on Monday on its official website. In...
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...
Mr Edwin Van-Otoo, Vice-President of Ghana Oil and Gas Service Providers Association, on Wednesday called for visionary leadership in harnessing the country’s natural resources for socio-economic development. He said it was time Ghana took over the control of her natural resources and safeguard the current hike in their exploitation by foreign companies for their...
Mr Edward Appiah-Brafoh, Principal Human Resource and Administrative Officer of Ghana National Petroleum Corporation (GNPC) on Wednesday said the Corporation would establish a fabrication yard in partnership with the private sector in 2013. He said this would not only provide job opportunities for the youth, but serve as an avenue for training, skills development...
By Eoin O’Cinneide — Partners in a Tullow-operated oilfield off Ghana have bought a floating, production, storage & offloading (FPSO) vessel from Japan’s Modec, according to a report. The consortium in the Jubilee field have already paid for the Kwame Nkrumah unit with the deal struck last month, Reuters reported, quoting an official in...
Siem Offshore, a shipping company engaged in the provision of marine services to the offshore oil and gas industry, says it has entered into a contract with the Ghanaian subsidiary of Italian-based oil company Eni to provide two platform supply vessels (PSVs) for its operations offshore Ghana. The two PSVs are Siem Louisa and...
By Staff Report, KARACHI — Ghana’s oil and gas industry has recently become the focus of global interest. In the summer of 2007, Ghana’s oil potential first became news, as offshore exploration yielded commercial quantities of crude and natural gas. As exploration and encouraging discoveries continue, Ghana is positioning itself to become one of the sub-Saharan...
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