Category: Oil And Gas
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Ghana Gas unhappy with new gas management plans
Chief Executive Officer Ghana National Gas Company Dr. George Sipa-Adjah Yankey has expressed shock over reports that a new company may be contracted to build and operate Ghana’s second gas processing plant. [contextly_sidebar id=”g1becKaHdJ0aeAkuCNOTPCYgI3ZEXcy4″]According to Dr. George Sipa-Adjah Yankey Ghana gas was set up to be the sole aggregator of gas in the country. There…
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Sacked Modec workers head to court
Nineteen sacked Ghanaian workers of Modec who work on the FPSO Kwame Nkrumah are heading to court over their dismissal. [contextly_sidebar id=”FFmsATodWyxsUE1rYXrOoGtElgSrWzIa”]The move follows their replacement by new workers. Modec and the workers were directed to go into compulsory arbitration by the National Labour Commission (NLC) in July this year after talks between them over…
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Tullow share price soars as lenders maintain debt capacity
Tullow Oil Plc announced today that its lending banks have decided to maintain the firm’s available credit capacity at $3.7 billion following a routine half-annual reserve-based lend redetermination process. [contextly_sidebar id=”L9rWVpcqDZTmkxyD9HJKzbtrHpfHGcwu”]The banks’ decision was welcomed by Tullow, which has suffered from the plunge in oil prices over the past year. “Today’s announcement demonstrates the robustness…
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Compulsory arbitration between Modec and sacked Ghanaian workers breaks down
Citi Business News has learnt the compulsory arbitration between Modec and the sacked Ghanaian workers of FPSO Kwame Nkrumah has broken down. [contextly_sidebar id=”uIkWyzKyzOB9nQqZV0zsph3S3NM8CTFo”]The two were directed to go into compulsory arbitration by the National Labour Commission (NLC) in July this year. This was after talks between the workers and Modec over the dismissal broke…
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Ghana’s 2nd FPSO christened Prof John Evans Atta Mills
The second Floating Production Storage and Offloading vessel (FPSO) has been christened Prof. John Evans Atta Mills. [contextly_sidebar id=”tz5cLQ9QwAtmG80aajqCAYujuHFLhIKE”]The christening was done in Singapore by the first lady Lordina Mahama. The FPSO Prof. John Evans Atta Mills which was built in Singapore has an oil storage capacity of 1.7 million barrels and a gas capacity…
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Oil prices edge up
Oil prices edged up in Asian trade on Friday following a decline in US crude inventories, although heavier buying was tempered by expectations a return of Iranian crude into the market will further increase global supplies. US benchmark West Texas Intermediate for November delivery rose eight cents to $44.99 and Brent crude gained six cents…