Category: Oil And Gas
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ExxonMobil to begin operations in Ghana
Citi Business News can confirm oil giant ExxonMobil is to begin operations in Ghana. [contextly_sidebar id=”GtVIZ9gVkvfud9dEMpArbafrHONJ0ByH”]According to state owned oil firm, Ghana National Petroleum Corporation (GNPC,) ExxonMobil has signed a Memorandum of Understanding (MOU) with it to purchase an oil block close to the Hess and Jubilee fields. GNPC’s CEO Alex Mould told Citi Business…
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GNPC to finalize $400 million ENI loan
The Chief Executive of the Ghana National Petroleum Corporation (GNPC), Alex Mould, has revealed that the state-run oil giant will soon be in the international market to finalize the transaction covering a $400 million dollar loan that will support new capital investments. [contextly_sidebar id=”cxbXTLf4gugodEaG2VLDHsF0tZ2VV7Ye”]GNPC’s intention to seek foreign cash for its operations without first obtaining…
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We won’t abandon Ghana over crude prices – Oil companies
There is reassuring news for the nation as oil giants have vowed not to abandon oil exploration in Ghana despite the decline in crude oil prices in the world market. This was revealed by some of the oil companies at the 2015 Edition of the Offshore Technology Conference currently ongoing in Houston in the United…
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Lack of cash cause of Ghana’s power crisis – Manteaw insists
The Chairman of the Civil Society Platform on Oil and Gas, Dr Stephen Manteaw has reiterated claims that the cause of the ongoing power crisis is government’s lack of money. Ghana has for the past three years been face with power crisis due to challenges in power generation. President Mahama during the May Day celebration…
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Govt rules out cutting ties with Ivory Coast over maritime dispute
Ghana says it will not terminate diplomatic talks with neighboring Ivory Coast, despite a raging maritime border dispute between the two nations. [contextly_sidebar id=”8uVytHH7RvzoCurfuoU10QJYgWjnJMnn”]The two West African neighbors are presently engaged in a battle at the Germany-based International Tribunal on the Law of the Sea (ITLOS) over disputed oil fields in the Atlantic Ocean. The…
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Dismissing BOST union chair was wrong – Labour analyst
A labour analyst has described as “wrong,” the dismissal of a senior staff member of the Bulk Oil Storage & Transportation Co. Ltd. (BOST) Albert Mantey, for speaking to the media. Kofi Davor argued that Albert Mantey spoke to the media in his capacity as the chairman of the Professional and Managerial Staff Union (PMSU)…
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Awuah-Darko dismisses BOST worker for speaking to media
The chairman of the Professional and Managerial Staff Union (PMSU), Albert Mantey has been sacked from the Bulk Oil Storage & Transportation Co. Ltd. (BOST). His dismissal letter which was signed by the Managing Director (MD) of BOST, Kwame Awuah-Darko accused him of breaching the company’s Conditions of Service by speaking to the media [Citi…
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Tracking devices to bring sanity in petroleum sector
The National Tanker Owners Association has welcomed moves by the National Petroleum Authority to install about 1,500 trackers on fuel tankers for the second phase of its tracker installation. [contextly_sidebar id=”8DmpTPzOpSzvwsbbCk80aJVG7K7uPzJf”]The moves are part of a policy directive by the NPA to track the movement of the tankers across the country with the use of…
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Tullow Oil share price soars after favourable Ghana dispute ruling
Tullow Oil Plc (LON:TLW) shares surged this morning, after the weekend ruling by the International Tribunal for the Law of the Sea (ITLOS) rejected Côte d’Ivoire’s demand that work on a Tullow-operated field in disputed waters off the coast of Ghana be stopped. [contextly_sidebar id=”EprxCMqrxjoJWPJljp1xJ7QodqBrS0nj”]Tullow’s shares had jumped 4.43 percent to 436.50p though they had…
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ITLOS to rule on Ghana, Ivory Coast maritime boundary case on Saturday
The Special Chamber of the International Tribunal for the Law of the Sea (ITLOS), established to deal with the dispute concerning the delimitation of the maritime boundary between Ghana and Côte d’Ivoire in the Atlantic Ocean will deliver its ruling on the case on Saturday 25th April,2015. [contextly_sidebar id=”FuZ0xf69ugx6jPCzQcjizQElcw2PlBTu”]Judge Boualem Bouguetaia, President of the Special…