Category: Oil And Gas
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CBOD demands swift commitment in providing quality diesel
The Chamber of Bulk Oil Distributors (CBOD), wants government to expedite processes of providing funding for the Tema Oil Refinery (TOR) to meet the new sulphur specification content for imported diesel. It comes on the back of an ambitious plan by the ECOWAS member states to review the sulphur specification content for all refineries in…
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WAGL secures Parliamentary Approval for gas supply project
The initiative of the Government of Ghana to address the current Power Crisis via its agreement with the West African Gas Ltd (WAGL), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has received a major boost following the approval from the Parliament for its proposed Gas Sales Agreement with the Government of Ghana. The…
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Ghana is ready to handle oil spills – EPA
Ghana is ready to handle any oil spillage should such an incidence happen. This is the assertion by authorities of the Environmental Protection Agency (EPA). According to the agency, various governmental bodies have been set up with measures put in place to ensure any such occurrence is immediately taken care of. With Ghana now an…
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‘Standard’ diesel sulphur content not to cause job losses – UNEP
The United Nations Environment Programme, (UNEP), has ruled out possible job losses in an attempt to reconfigure national refineries to meet acceptable standards for sulphur contents for diesel. According to UNEP, adjusting refinery systems to produce quality diesel will rather increase efficiency and create more jobs. “A lot of times when the refineries are upgrading,…
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Gas from Gye Nyame Sankofa field may prevent dumsor in 2017- Petroleum Commission
As some observers point to a possible load shedding by early 2017, the Petroleum Commission has said that Ghana will have reliable gas supply from the Sankofa Gye Nyame field to produce about thousand megawatts of power by mid next year. The New Patriotic Party (NPP) yesterday warned that Ghana could return to another period…
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Total ends Excellium caravan tour
Total Petroleum Ghana has ended its nationwide caravan tour advertising its newly introduced Excellium products onto the Ghanaian market. The promotion caravan was on a nine day tour across various regions of the country. The Excellium journey was also an opportunity to give some Total branded items and other goodies to the patronage. Total Excellium…
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Oil & Gas to serve as main driver of 2017 economy
Two months to the end of the year, Citi Business News has gathered the Oil and Gas industry is marked to be the main driver of economic growth in 2017. The Ghana National Petroleum Corporation (GNPC) is expected to lead the task as the Gye Nyame Sankofa project progresses, as well as oil production at the…
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Lack of capacity still constrains local content in Ghana – AGI
The Association of Ghana Industries (AGI) has cited the lack of capacity building as one major constraint to local content in Ghana. After almost three years since the passage of the Petroleum Local content law, Ghanaian companies are yet to actively participate in the oil and gas sector. “There are certain areas that due to…
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Prioritized expenditure to curb budget overruns – Former PIAC Chairman
A Former Chairman of the Public Interest and Accountability Committee (PIAC) Major Ablorh-Quarcoo (Retired) is asking government to prioritize its expenditure to avoid overspending budgets. According to him, the tendency of government to spend on unbudgeted projects must be stopped. The former PIAC Chairman cites how such behavior is impacting negatively on development across the…
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Our projections were in range- COPEC
The Chamber of Petroleum Consumers (COPEC) of Ghana has insisted that its projection of fuel price adjustment is accurate. COPEC issued a statement on Monday announcing that fuel prices may go up at the local pumps between 3 and 11 percent. But a statement from the National Petroleum Authority(NPA) yesterday described the announcement as false…