Category: Oil And Gas
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NDC gov’t bought 3 FSRUs – Boakye Agyarko was right
It has emerged that the erstwhile National Democratic Congress (NDC) government did, purchase, three Floating Storage Regasification Units (FSRU), contrary to the Minority MPs position that they purchased only one. Questions over the purchase arose during the vetting of Energy Minister Boakye Kyeremateng Agyarko, who revealed that Ghana purchased three Floating Storage Regasification Units at…
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Retain Energy Sector levy to avert dumsor- IECP backs Ofori Atta
The Institute of Energy and Climate Change Policy (IECP) has backed the Finance Minister, Ken Ofori Atta to retain the Energy Sector Levy in the medium term. The levy which was imposed by the erstwhile John Mahama administration was aimed at clearing debts that have accrued in the sector due to government’s inability in paying…
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Eni CEO Claudio Descalzi charged with international corruption
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Italian prosecutors have reportedly charged Eni and its CEO Claudio Descalzi with international corruption over the controversial acquisition of an offshore block in Nigeria in 2011. Apart from Descalzi, the charge reportedly extends to the former CEO Paolo Scaroni and nine other people involved in the $1.3 bilion deal. Scaroni served as the Chief Executive…
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Tullow reduces 2017 oil output by over 5000 barrels
Tullow Oil has cut down its 2017 oil projection from Ghana’s Jubilee oilfields by 5200 barrels. The figure has dropped from 73,700 barrels in 2016 to 68,500 barrels. This was contained in the company’s 2016 financial statement released on Wednesday, February 8, 2017. Tullow’s profits however dropped by eight percent between 2015 and 2016. The…
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Ghana ends first round of oral defence in maritime border dispute
Ghana has ended the first round of oral argument in the maritime dispute between it and Ivory Coast at the International Tribunal for the Law of the Sea ITLOS. Ghana’s new Attorney General, Gloria Akuffo, who led the legal team questioned Ivory Coast’s claims, despite a long standing agreement on their maritime boundary under their…
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Hearing for Ghana, Ivory Coast border dispute starts today
The public hearing in the dispute concerning delimitation of the maritime boundary between Ghana and Côte d’Ivoire in the Atlantic Ocean (Ghana/Côte d’Ivoire) opened today Monday, 6th February 2017. The hearing is expected to last for eleven days [February 6 to February 16, 2017]. The first round of oral arguments is scheduled for Monday February…
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Shutdown of FPSO Kwame Nkrumah will not cause dumsor
The Ghana Gas Company has reaffirmed that the shutdown of the FPSO Kwame Nkrumah at the Jubilee Field will not affect power supply. The FPSO Kwame Nkrumah beginning from today (Friday) ceased operations. The halt is to run for fifteen days, to allow for an interconnection between the Tweneboa, Enyera, Ntomme (TEN) fields and the…
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Emmanuel Antwi-Darkwa replaces Kirk Koffi as VRA CEO
President Nana Addo Danquah Akufo-Adoo has appointed Emmanuel Antwi -Darkwa as caretaker Chief Executive Officer (CEO) of the Volta River Authority (VRA). He takes over from Engineer Kirk Koffi who served the company as its CEO since 2013. A circular signed by the Deputy Chief Executive for VRA, Richmond Evans Appiah and copied to staff…
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Ghana names 3rd FPSO after J.A. Kufuor
Ghana’s third Floating Production Storage and Offshore (FPSO) vessel has been named after Former President, John Agyekum Kufuor. A statement from the Former President’s office on Wednesday said the Former President has left to Singapore for the naming of the third FPSO in his honour. The vessel will be operating in the Offshore Cape Three Points…
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Nana Addo appoints K.K Sarpong as Ag. CEO of GNPC
President Nana Addo Dankwa Akufo-Addo has appointed Dr. Kofi Kodua Sarpong as the Acting Chief Executive Officer of the Ghana National Petroleum Corporation(GNPC). He takes over from Mr. Alex Mould. Mr. Sarpong who was the former CEO of the Tema Oil Refinery (TOR) was appointed as the Executive Chairman of Asante Kotoko FC in 2010,…