Ghana Business News - The government of Ghana about a week ago indicated in a press release that it will soon decide on the Kosmos Energy-ExxonMobil Jubilee stake issue that has become thorny over the period. The government pledged to do ‘whatever it takes within the law to protect the national interest at all times,’...
Mr Mohammed Amin Adam, National Oil Coordinator of Publish What You Pay, a non-governmental organisation on oil and gas, has called on government to provide framework for the youth to contribute in harnessing the oil and gas industry. “It is an anomaly that the youth are not represented on the proposed Public Interest and...
Guaranty Trust (GT) Bank says it is positioning itself to take advantage of the country’s oil find. Speaking to the Daily Graphic in separate interviews the Chairman of the Board of GT Ghana Ltd, Alhaji Yusif Ibrahim, and the General Manager, Mr Jamiu Yusuff, said the bank intended to leverage on its expertise, human resource and solid...
Mr Felix Kyei, a senior member of the Gender and Environmental Monitoring and Advocacy (GEMA), a Non Governmental Organisation, has appealed to stakeholders in the oil and gas industry to ensure that the oil find became a blessing. Mr Kyei made the appeal at a day’s Workshop the NGO organised for 50 participants made...
President John Evans Atta Mills yesterday made a case for Ghanaian investors desirous of having a stake in the business of Shell Oil Ghana, and urged the management of Shell to give favourable consideration to those interests. He said it was critical that Ghanaians play a role in major or businesses such as that...
By Emmanuel K. Dogbevi – major stakeholder in Ghana’s nascent oil and gas industry, Tullow Oil says two of the major oil fields in the country contain 2.9 billion barrels of oil and gas. The Wall Street Journal citing information on Tullow Oil’s website says the Tweneboa oil field contains up to 1.4 billion barrels...
The Government of Ghana, through the Ghana National Petroleum Corporation (GNPC), recently prevented US oil company Kosmos from offloading its 30 percent share in the Jubilee oil field to another US oil company-ExxonMobil. The decision almost soured relations between the two countries.
A reception to commemorate the signing of the Petroleum Agreement for oil exploration activities in the Offshore Accra Contract Area between the Ghana National Petroleum Corporation (GNPC), Tap Oil and its joint venture partners was held this week in Accra, Ghana. The reception followed the first Joint Management Committee meeting between GNPC, Tap and...
By Adam Nossiter – BODO, Nigeria — Big oil spills are no longer news in this vast, tropical land. The Niger Delta, where the wealth underground is out of all proportion with the poverty on the surface, has endured the equivalent of the Exxon Valdez spill every year for 50 years by some estimates. The...
Lusaka — E-governance could help Ghana’s higher authorities to deal responsibly with its new-found oil wealth, a leading scientist has said. In 2007, UK firm Tullow Oil announced the discovery of about 600 million barrels of offshore light oil in Ghana – the biggest recent oil discovery in Africa. But the country must develop new...
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