Category: Oil And Gas
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Chamber of Bulk Oil Distributors work to increase fuel supply to Mali, other landlocked countries
The Chamber of Bulk Oil Distributors, CBOD, says it is ready to take the necessary steps to significantly increase Ghana’s share of the supply market for petroleum products, to landlocked countries in the West African sub-region to 50 % in the short-term. Currently, landlocked countries such as Mali and Burkina Faso are getting a majority…
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Anadarko-Total SA deal must not pass until outstanding taxes are paid- RM-Africa
A group known as Revenue Mobilization – Africa (RM-Africa), is urging the government of Ghana to ensure that all taxes owed by Anadarko are fully settled before the company is allowed to sell off its stake in the Jubilee and TEN oilfields to Total SA. Anadarko, which currently has a 24 percent stake in the…
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GRIDCo threatens to surcharge encroachers of its lands for cost of eviction
The Ghana Grid Company, GRIDCo, has cautioned it will start surcharging encroachers on its lands, the amount incurred in evicting them from the properties. A statement issued by the power supply company said the impact of encroachment on its lands could prolong outages experienced by some customers if the situation is not checked. GRIDCo says…
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Cylinder Re-circulation Model pilot implementation launched in Kade
The National Petroleum Authority, NPA, and the Ministry of Energy, has finally launched the pilot implementation of the Cylinder Re-circulation Model at Kade in the Kwaebibirim Municipality of the Eastern Region. The Cylinder Re-circulation Model, which is primarily aimed at reducing LPG-related accidents according to government, will also create more jobs contrary to claims by…
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Anadarko must settle $500 million tax obligation before they exit Ghana – KT Hammond
The Member of Parliament for Adansi Asokwa, Kwabena Tahiru Hammond, is demanding the payment of US$500 million dollars in tax revenue by petroleum firm Anardarko, before they exit the country. The Energy Ministry is set to approve the sale of the Ghana operations of Anadarko Petroleum Corporation, to one of the country’s oil production partners,…
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IES charges NPA to encourage OMCs to reduce fuel prices
The Institute for Energy Security (IES), has called on government through the National Petroleum Authority (NPA), to bring pressure to bear on Oil Marketing Companies (OMCs), to reduce prices of fuel at the pumps to reflect the trend on the international market and the relative stability of the Cedi against the US Dollar. Even though…
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New report casts doubt on govt’s ability to repay US$2 billion Sinohydro loan
A new report by the Natural Resource Governance Institute says Ghana may find it difficult to repay the US$2 billion Sinohydro loan expected to be paid with proceeds from the country’s bauxite resources. The report, titled ‘Resource Backed Loans: Pitfalls and Potentials’, says countries that depend on resource backed loans like the Sinohydro-bauxite deal ran…
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BOST solicits private sector support to position itself financially
Managing Director of Bulk Oil Storage Transport, BOST, Edwin Provincal, says the company has secured some oil reserves and support from the private sector to turn around the fortunes of the company. ““We took the opportunity to engage about the past, the present and also the plans we have for the future. They now know…
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Petroleum Workers Union urges gov’t to stop Kosmos, Tullow Ghana’s layoffs
The General Transport, Petroleum and Chemical Workers’ Union of the Ghana Trades Union Congress (TUC), has called on the government and other stakeholders to kick against Tullow Ghana and Kosmos Energy’s plans to layoff Ghanaian workers over operational challenges. The group in a statement issued on Thursday, February 27, said the two companies are only…
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West Africa Gas Pipeline resumes gas supply to Takoradi after temporary shut down
The West African Gas Pipeline Company Limited, WAPCo, says it has successfully completed the cleaning and inspection of its 20-inch offshore pipeline from Badagry in Nigeria to Takoradi, Ghana. A release issued by the company in Accra on Thursday, February 27, said the Internal inspection of the 569 km offshore pipeline was completed on Sunday,…