Category: Oil And Gas
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Tanker drivers resist ban on ‘10-year old’ vehicles
Gas tanker operators in the country have vowed to resist any move by the National Petroleum Authority (NPA), to ban the use of gas tanker vehicles that are over ten years old. The NPA recently announced that gas tankers which are above ten years will not be allowed to operate by next year. Speaking to…
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Tullow to resume 90 mmscf gas supply to Ghana Gas
Tullow Oil is expected to resume its daily 90 million standard cubic feet of natural gas supply to Ghana Gas effective today, November 22, 2016. Tullow, early this month announced a reduction of its daily natural gas supply by 40 million standard cubic feet to allow it complete a “critical turret remediation works upstream.” The…
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Bankers optimistic of drop in NPLs by end of 2016
The impact of the high Non-Performing Loans (NPLs) on the books of commercial banks is set to reduce by the close of this year. At least this is the confidence expressed by some managers of banks. The latest financial stability report by the Bank of Ghana showed that the NPL’s of commercial banks have increased…
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Total Ghana wins award as No.1 Oil Marketing Company
Total Ghana’s contribution to the Ghanaian economy has been recognized at the 2016 Ghana Oil and Gas Awards. Besides winning the coveted prize of ‘Oil Marketing Company of the year,’ the TOTAL Quartz 9000 also won the ‘Lubricant of the year’. This follows closely on the heels of being declared winner of the LUBRICANT PRODUCT…
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Ghana’s 3rd FPSO to arrive in March 2017 – ENI
Barring any last minute hitch, the Floating, Production, Storage, Offloading (FPSO) vessel for the Sankofa Gye Nyame Oil and Gas project, will arrive in Ghana in March 2017. This is the indication from the Managing Director of ENI Ghana, Fabio Cavanna. According to him, construction works have advanced steadily and the vessel is set to…
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SADA, ENI sign MOU for 50 MW solar project
Italian Oil Exploration Company, ENI is set to provide up to 50 megawatts of solar energy in the Northern Savannah Ecological zone of the country. The project forms part of efforts to increase Ghana’s energy supply to meet the increased demand. The project is also in partnership with the Savannah Accelerated Development Authority (SADA). Speaking…
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Oil marketing industry hit with stiff competition
Ghana’s oil marketing industry is being rated as one of the competitive sectors in the country following the implementation of petroleum price deregulation. The regulator of the industry the National Petroleum Authority (NPA) introduced the Petroleum Price deregulation, in 2015. The deregulation policy allows Oil Marketing Companies (OMCs) to fix their own prices, in an…
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48 companies honored for contribution to oil and gas
Outstanding organizations and individuals who have distinguished themselves in the country’s oil and gas sector have been awarded in this year’s Ghana Oil and Gas Awards. A total of forty-eight (48) awardees were honored at this year’s event. The Director at Xodus Communications Limited, organizers of the event, Richard Abbey Jnr said the awards represent…
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New oil refinery promises are ambitious – ACEP to political parties
The African Centre for Energy Policy (ACEP), wants political parties seeking to establish new oil refineries to be cautious, describing the decision as defeating economic principles with the current performance of the state’s oil refinery. The caution comes on the back of continuous monitoring of manifestoes of political parties on developing the country’s petroleum sector…
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Tullow gas cuts won’t cause dumsor -Ghana Gas
The Ghana National Gas Company has ruled out significant interruptions in power supply following Tullow oil’s reduction of gas supply to it. Corporate Communications Manager of Ghana Gas Alfred Ogbamey in an interview with Citi FM said ‘the cuts will have some consequential effects on power generation as a whole but it does not necessarily mean…