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Oil And Gas

Fuel shortage hits Accra

fuel shortage

Citi Business News can confirm that there is an acute shortage of petrol and diesel in some parts of Accra. A visit to some pump stations in Adabraka and the central business district of Accra revealed some stations do not have either petrol or diesel. According to the manageress of So Energy station in Adabraka Simeone Occansey the station has ...

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Lushann rubbishes Wall Street Journal’s Saltpond report

saltpond

Lushann Eternit Energy Limited has reacted to recent reports that stolen crude oil from Nigeria may have found its way to the Saltpond oil fields. A recent publication by US-based newspaper the Wall Street Journal on Friday, 22 nd August, 2014 under the banner headline, ‘Tiny Ghana Oil Platform’s Big Output Sparks Scrutiny’, and authored by Benoit Faucon and Drew ...

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GOGSPA rubbishes oil report on Ghana

gogspa

The Ghana Oil & Gas Service Providers Association (GOGSPA) has dismissed reports that Ghanaians are among the least paid in the oil and gas sector in the world. A report compiled by oil and gas recruitment experts, Hays Oil and Gas, and industry researchers; Oil and Gas Job Search said Ghanaian workers in the sector are among the least paid ...

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Oil workers in Ghana least paid in the world

oil workers

Ghanaian workers in the oil and gas industry are among the least paid in the world. This is according to a report compiled by oil and gas recruitment experts, Hays Oil and Gas, and industry researchers, Oil and Gas Job Search. The report which focused on the 2013 average annual salaries in the global oil and gas industry showed that ...

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Sale of Ghana crude likely to be banned over whale deaths

jubilee feild

Ghana risks a ban on the sale of oil from the jubilee fields if measures are not put in place to check the continuous death of whales in its waters. Last weekend a dead whale was washed ashore at Atuabo in the Ellembelle District of the Western Region. The whale was found in between the pre-fabrication area of the Ghana Gas ...

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Fuel shortage: BDCs blame banks for payment delays

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Fears of an imminent shortage of petroleum products have heightened as the impasse between Bulk Oil Distribution Companies (BDCs) and commercial banks continues. An audit is being conducted into a GHC 1.8 billion claim submitted by the BDCs to government, but the process has stalled because the local banks that finance the companies are not cooperating with the auditors, Ernst ...

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Banks blamed for nationwide diesel shortage

The National Petroleum Authority (NPA) has attributed the current shortage of diesel across the country to a hold on stocks by banks providing lines of credit to Bulk Oil Distribution Companies (BDCs). The hold on the products stems from government’s indebtedness of a disputed amount of 1.35billion cedis to the BDCs. Public Relations Officer of the National Petroleum Authority, Yaro ...

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Commissioning of Atuabo Gas Plant under threat

Residents of Atuabo and neigbouring communities are threatening to resist the final commissioning of the Atuabo Gas Processing Plant over compensation packages and other health related issues. Residents in Atuabo, Anokyi and Asemda in the Ellembele district, where the gas facility is stationed, are upset that their concerns about the facility have not been addressed. An elder of Anokyi, James ...

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Ghana Gas did not breach its contract with us -Tullow

Lead operator of the Jubilee field, Tullow oil, has dismissed reports that the Ghana Gas Company ditched the jubilee partners in the building of a bypass for the Atuabo gas plant. There are reports that the Ghana Gas Company went contrary to an earlier agreement, where the jubilee partners were to create a bypass from the FPSO Kwame Nkrumah to ...

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Premix fuel shortage imminent

The cycle of shortage of petroleum products does not appear to end soon, as the remaining stock of premix fuel, which powers outboard motors used by canoe fishermen, is expected to run out by this weekend. This follows liquidity challenges facing the company that supplies the product, which is highly subsidised, resulting in the accumulation of a huge debt for ...

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Ghana Business News