Category: Oil And Gas
-
Ghanaian companies win $5.8 million oil contracts
Citi Business News has learnt that Ghanaian companies in the oil and gas sector have received 584, 221 ,448.1 dollars in contracts since Ghana started drilling oil in 2010. According to the Communications Consultant at the Energy Ministry, Edward Bawa ,”as at March this year(2014) this is the total value of service that has gone to…
-
Damaged Nigerian gas pipeline pushes Ghana into load shedding mode
The Ministry of Energy and Petroleum has confirmed to Citi Business News that the current nationwide load shedding exercise is due to the damage to a major gas pipeline from Nigeria. This coupled with maintenance works on the country’s power plants , low levels of water in the Akosombo and Bui dams have compounded the…
-
Fuel shortage to worsen
Citi Business News investigations reveal the current fuel shortage in parts of the country may worsen in the coming days. An acute shortage of petrol and diesel hit some parts of the Greater Accra Region and other Regions early this week. A visit to some pump stations in Adabraka and the central business district of…
-
Lukoil discovers oil in Ghana’s Cape Three Points Block
Lukoil Russia’s second-largest oil producer, has made a discovery at Ghana’s offshore Cape Three points project, according to a person with direct knowledge of the development. The company has 90 days to evaluate the find and decide what the next step is, said the person, who asked not to be identified because the information isn’t…
-
Fuel shortage hits Accra
Citi Business News can confirm that there is an acute shortage of petrol and diesel in some parts of Accra. A visit to some pump stations in Adabraka and the central business district of Accra revealed some stations do not have either petrol or diesel. According to the manageress of So Energy station in Adabraka…
-
Lushann rubbishes Wall Street Journal’s Saltpond report
Lushann Eternit Energy Limited has reacted to recent reports that stolen crude oil from Nigeria may have found its way to the Saltpond oil fields. A recent publication by US-based newspaper the Wall Street Journal on Friday, 22 nd August, 2014 under the banner headline, ‘Tiny Ghana Oil Platform’s Big Output Sparks Scrutiny’, and authored…
-
GOGSPA rubbishes oil report on Ghana
The Ghana Oil & Gas Service Providers Association (GOGSPA) has dismissed reports that Ghanaians are among the least paid in the oil and gas sector in the world. A report compiled by oil and gas recruitment experts, Hays Oil and Gas, and industry researchers; Oil and Gas Job Search said Ghanaian workers in the sector…
-
Oil workers in Ghana least paid in the world
Ghanaian workers in the oil and gas industry are among the least paid in the world. This is according to a report compiled by oil and gas recruitment experts, Hays Oil and Gas, and industry researchers, Oil and Gas Job Search. The report which focused on the 2013 average annual salaries in the global oil…
-
Sale of Ghana crude likely to be banned over whale deaths
Ghana risks a ban on the sale of oil from the jubilee fields if measures are not put in place to check the continuous death of whales in its waters. Last weekend a dead whale was washed ashore at Atuabo in the Ellembelle District of the Western Region. The whale was found in between the pre-fabrication…
-
Fuel shortage: BDCs blame banks for payment delays
Fears of an imminent shortage of petroleum products have heightened as the impasse between Bulk Oil Distribution Companies (BDCs) and commercial banks continues. An audit is being conducted into a GHC 1.8 billion claim submitted by the BDCs to government, but the process has stalled because the local banks that finance the companies are not…