Category: Oil And Gas
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Petroleum Commission reviews $6Bn plan for oil fields
The Petroleum Commission is currently reviewing the off-shore Cape thre- points plan of development, for oil firm ENI to start the development of the Sankofa Gye Nyame oil fields. This comes after President John Mahama said the government would, by the end of August, sign a new deal with ENI concerning the Sankofa field, to…
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World Bank may support African coal power
World Bank President, Jim Yong Kim indicated that African “demand for access to power” may lead the lender to support coal projects on the world’s poorest continent. “We are very sensitive to the idea that Africa deserves to have power,” Kim said, referring to the possibility of supporting coal projects. “There’s never been a country that has…
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Ghana to get new US$600M oil refinery
The ongoing Takoradi Port Expansion Project has already started attracting investments into the Port’s Oil & Gas enclave as the Ghana Ports & Harbors Authority(GPHA) works to position the Takoradi Port as a major maritime services support hub along the west coast of Africa. COX OIL, a Texas based oil and gas company has announced…
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Ghana to become energy efficient in 2020
The Energy Commission says the country can achieve sustainable energy for all by the year 2020; ten years earlier than the UN Secretary General’s target for achieving universal access to modern energy services, doubling the global rate of improvement in energy efficiency and doubling the share of renewable energy in the global energy mix. Ghana…
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Mismanagement cause of removal of fuel subsidies – ACEP
The Director of Planning and Research at the Africa Centre for Energy Policy, (ACEP)John Amowu says full cost recovery on petroleum product policy in the country is as a result of the mismanagement of foreign exchange deferential by the managers of the economy. He was speaking at the sidelines of the business and networking meeting…
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Counsel for Tullow ex-worker open to out of court settlement
The aggrieved worker of Tullow Ghana Limited, who is suing the company for GHC 10 million will accept an out of court settlement, her lawyer, Bright Akwetey has said. A 35-year old ex-worker of Tullow Ghana Limited, Pearl Margaret Ashley has dragged the company to the Human Rights Court over a work-related injury. She is…
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Ex-worker drags Tullow to court
A 35-year-old woman has dragged Tullow Ghana Limited to the Human Rights Court over work-related injury. Pearl Margaret Ashley, a social worker and graduate from the University of Ghana, is demanding GH¢10 million from her former employer for providing her with a chair which has caused permanent injury to her back. According to Ms Ashley…
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Parliament approves Atuabo free port project
Parliament on Thursday ratified a commercial agreement between the government of Ghana, Lonrho Ports Ghana Limited and Atuabo free Port Company Limited for the facilitation of the Ghana Oil and Gas Free Port Project. The project which would be situated at Atuabo in the Western Region is expected to be fully operational in 2016 to…
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Petroleum Commission inaugurates local content committee
A seven member local content committee of the Petroleum Commission has been inaugurated to implement and monitor local content targets for the oil and gas sector. The local content law which took effect in February this year seeks to put Ghanaians at the forefront of all petroleum activities, while ensuring foreign oil companies also get…