Category: Oil And Gas
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Damaged turret forces Tullow to revise operations on FPSO
Oil production giant, Tullow Ghana says it is working to resolve a technical challenge associated with the turret bearing of the FPSO Kwame Nkrumah. [contextly_sidebar id=”h1PsYprxy98xI0g7i041c6c0MbGhNtJp”]According to Tullow, the turret bearing is damaged making it unable to perform as originally designed. A statement issued by the company however says oil production and gas export can…
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Dumsor likely to return soon – Power Ministry
The Deputy Minister of Power, John Jinapor has hinted of a likely load shedding within the next two weeks following the extension of maintenance works on the FPSO Kwame Nkrumah. [contextly_sidebar id=”yEeRIIQO2gbIcfeweQbA3vYdVrYkhkDv”]Operators of the vessel shut it down for maintenance works which was initially scheduled to be completed on Tuesday, April 5, 2016. This was…
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Petrol prices up by over 4%, diesel up by 2%
Following the implementation of the petroleum price deregulation policy by the National Petroleum Authority (NPA), prices of petroleum products have been revised upwards for the first review window in the month of April. [contextly_sidebar id=”6cm1hRRXYDupMqFkhATkbLDUltqMTm3T”]Checks by Citi Business News reveal that the price of petrol has gone up between 4 and 4.5 percent while that of…
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Puma Energy commences operations in Ghana
Puma Energy, a global mid and downstream energy company operating in 47 countries across five continents, has officially commenced operations in Ghana. The company also operates in partnership with Blue Ocean Investments in the storage business and UBI Petroleum. A press statement copied to Citi Business News explained that Puma Energy Distribution Ghana, will mainly…
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Tullow to complete maintenance works on FPSO Kwame Nkrumah tomorrow
Tullow Ghana has announced that it will complete the planned maintenance works of the FPSO Kwame Nkrumah by tomorrow, 5 April. According to the company, oil production and gas export from the Jubilee field will commence on April 9. [contextly_sidebar id=”DfSb6yWfBBWggMDfSxYHfih841RGa2PY”]This will allow for final preparation of new off-take arrangements which involve the use of a…
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GIPC to partner Oxford Business Group on TEN oil field publication
Oxford Business Group (OBG) is set to partner with the Ghana Investment Promotion Center (GIPC) to commence a publication on Ghana’s offshore oil field, Tweneboa, Enyenra and Ntomme (TEN). The Report, Ghana 2017 will chart the progress of the $5bn TEN project, which is targeting 80,000 barrels per day (bpd) once operational, rising to 100,000…
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EOCO chases Saltpond oil company after PIAC report
The Economic and Organized Crime Office (EOCO) is investigating the activities of the Saltpond Oil Producing Company Limited following its failure to pay royalties to the state. [contextly_sidebar id=”gGdgllQZoeftXBAGow8fGBrMcR0Ti19d”]The Public Interest and Accountability Committee (PIAC) has said the company which started operations years ago has failed to pay royalties on over twenty five thousand barrels…
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BoG, Saltpond oil production company, others slayed in 2015 PIAC report
The 2015 Semi-Annual Report released by the Public Interest and Accountability Committee (PIAC), has revealed that Ghana’s proceeds from oil fields decreased by over 50 percent for the first half of 2015. The country also lost revenue from gas due to the debts owed by the Volta River Authority (VRA). The PIAC is a civil…
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Karpower defends fuel contract with GNPC
Karpower Company limited has defended its contract with the Ghana National Petroleum Corporation (GNPC) to supply fuel for the Karpower emergency power ships. According to Karpower, GNPC got the contract on merit after a rigorous selecting process. [contextly_sidebar id=”Mlb4KML6v2TluQlDl1nh6MjS8FYZYfcJ”]Questions have been raised over GNPC’s involvement in the supply of fuel to Karpower Company Limited. Karpower,…
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Ghanaians to benefit from OMC price chart
Ghanaians will now have an opportunity to assess fuel prices online before going to the filing station to purchase the commodity. A new app launched by Energy Media Group is designed to rank Oil Marketing Companies on prices to afford consumers an opportunity to choose which company to purchase fuel from. The app, is also…