Category: Oil And Gas
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FPSO shut down will not lead to dumsor- Power Ministry
The Deputy Minister of Power, John Jinapor, has told Citi Business News that the current shut down of the FPSO Kwame Nkrumah for routine maintenance, will not lead to a load shedding exercise. His assertion follows that of the Ghana Grid Company (GRIDCo) which earlier assured the public that measures have been put in place to mitigate…
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FPSO Shutdown: ‘Power supply under control’ – GRIDCo
The Ghana Grid Company (GRIDCo), has assured the public that measures have been put in place to mitigate the impact on power supply during the shutdown of the FPSO Kwame Nkrumah. [contextly_sidebar id=”7fmY5efjH5mTMiKTFHRCpoH45kfdwGlJ”]According to GRIDCo, the Volta River Authority (VRA) has purchased enough light crude oil to power some of the thermal plants within the…
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Labour expert warns petroleum workers against strike
Labour expert, Mr. Austin Gamey has advised leaders of the Ghana Transport, Petroleum and Chemical Workers Union to use the Labour Commission to address their grievances and not resort to strike. This follows threats issued by the union to go on strike if government does not resolve issues of salary disparities between local and expatriate…
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Petroleum workers threaten strike over wage disparity
The Ghana Transport, Petroleum and Chemical Workers Union is threatening a nationwide strike if government fails to sanction Multinational companies that flout the country’s labour laws. [contextly_sidebar id=”7XKdOXAbymGZ4H6XJAFfRgTBACknB5fg”]The Union is accusing the expatriates of unfair treatment particularly regarding salaries and other conditions of work. The issue of unfair treatment and wage disparity between Ghanaian workers…
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Goil promises shareholders good financial result ahead of AGM
Goil Ghana Limited has promised its shareholders good financial outturn ahead of the company’s Annual General Meeting (AGM). In 2014, Goil made a profit after tax of GHS 20,165,593 and paid its shareholders a dividend of Gh¢0.020 per share, amounting to GH¢5,044,469.76 for the year 2014. Speaking to Citi Business News at the outdooring of…
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Ghana-Kenya business relationship to deepen
President of Kenya, Uhuru Kenyatta has urged for stronger trade collaboration between Ghana and Kenya. According to him, Kenya possesses the requisite opportunities for business growth to enhance investments into both countries. Uhuru Kenyatta also believes harmonizing resources for business growth will reflect in the overall vision of the ECOWAS and the East African…
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FPSO Prof. JEA Mills arrives in Ghana
The second FPSO Professor John Evans Atta Mills, which was constructed in Singapore has finally arrived in Ghanaian waters today. The vessel is expected to produce and store oil from Ghana’s Tweneboa-Ntomme-Enyenra (TEN) offshore oil fields. Citi Business News gathers the FPSO Professor John Evans Atta Mills will move directly to the installation phase when it…
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FPSO Kwame Nkrumah to shut down for maintenance
The main vessel used in collecting and processing crude oil from the jubilee field, the FPSO Kwame Nkrumah, will be shut down for 14 days Citi Business News has gathered. According to Tullow Ghana Limited, lead operators of the Jubilee Partners field, the shutdown is to allow routine maintenance works on the vessel to be undertaken on…
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FPSO Prof. JEA Mills to arrive this week
The second Floating Production, Storage and Offloading (FPSO) vessel which was christened FPSO Prof. John Evans Atta Mills, is to arrive this week. The FPSO Prof. John Evans Atta Mills is expected to produce and store oil from Ghana’s Tweneboa-Enyenra-Ntomme (TEN) offshore oil fields. With a nominal production capacity of 80,000 barrels of oil per…
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Petrol and diesel prices reduced in February review – OMCs
Declining world market price of crude has prompted yet another reduction in the ex-pump prices of petroleum products. The price of petrol has declined by about 1.5 percent, diesel has gone down by 2.5 percent and Liquefied Petroleum Gas (LPG) has been reduced by between 3 and 6 percent. The recent downward review prior to…