The management of Tullow Oil says the company has been able to produce three million barrels of crude oil from the Jubilee field, this year meanwhile, it is expecting to achieve 120 thousand barrels of its produce by early next year. This comes after the Jubilee operator, produced a little over 33 million...
Any oil company seeking permit to work in the industry in Ghana would now have to do that at the National Petroleum Commission.This is because the Commission has assumed its regulatory functions in Ghana’s oil and gas industry from effective May 1, this year.The Petroleum Commission established last year by an Act will...
VibeGhana – The emerging oil and gas industry both in Ghana and in Uganda have a lot of prospects and potentials for all women in the two countries, Ms Lyoidah Kiconco, a Ugandan Geologist, said on Tuesday. “All the women need to do is to get the required training that will enable them to fit...
Ghana expects to almost double its oil revenues to $650 million in 2012 as it ramps up production, a senior energy ministry official said on Wednesday “Last year the government got about $350 million of revenue from the sector and this year we are projecting $650 million from the sector,” Thomas Mba Akabzaa, chief...
“Anadarko delivered record operating results, generated more than $130 million of free cash flow and successfully appraised discoveries in Mozambique, the Gulf of Mexico and Ghana during the first quarter of 2012,” said Anadarko Chairman and CEO Jim Hackett. “The operating results were highlighted by record sales volumes, a year-over-year increase of 27,000 barrels...
Subject to approval from the Ghana National Petroleum Corporation (GNPC) and the Energy ministry, Norwegian oil and gas firm, Statoil, will take a 35% working interest in the Deepwater Tano/Cape Three Points deepwater licence offshore Ghana from American-based oil company, Hess. The agreement which is a farm agreement was announced by Statoil today. The...
The government of Ghana could be forced to increase fuel prices soon following the continuous depreciation of the Ghana cedi against the US dollar. This is because imports automatically become expensive when the cedi depreciates against the dollar and since Ghana imports both crude and refined oil, it means government is now spending more...
(Reuters) – Norwegian oil and gas firm Statoil said on Wednesday it agreed to take a 35 percent working interest in the Deepwater Tano/Cape Three Points deepwater licence offshore Ghana from Hess through a farm in agreement. Statoil will assume a 35 percent working interest in the licence and carry a proportional share of...
The issues of efficient and most beneficial use of Ghana’s oil revenues will continue to dominate public discourses around the management of the oil and gas sector. From the rather passionate debate on whether or not to collateralise Ghana’s share of production, through the contestations around how much to spend and how much to...
By Frederick Asiamah — The actual cost of producing a barrel of oil from the Jubilee Field is still unknown, according to Ishmael Edjekumhene, Director of the Kumasi Institute for Technology, Energy and Environment (KITE). The Ghana National Petroleum Corporation (GNPC) appears unwilling to give information on this while the Ghana Revenue Authority is...
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