Tag Archives: Oil & Gas

1,000 Ghanaians To Benefit From Oil And Gas Training Annually


 The Ministry of Energy has laid out a plan to train 1000 Ghanaians annually to gain various technical skills needed in the oil and gas industry. As part of the laid out plan, 200 Small and Medium Scale Enterprises (SMEs) will also be provided with the capacity to gain a competitive advantage in the industry annually as well as 300 ...

Read More »

Springfield Group CEO calls for more oil exploration activities


The Chief Executive Officer of the Springfield Group, Mr Kevin Okyere, has called for investment-friendly initiatives from the government to help motivate oil exploration and production (E&P) companies to explore and turn the potential into the business into opportunities for all. With more than 80 per cent of the country’s petroleum potential still left unexplored, Mr Okyere said it needed ...

Read More »

Nigerian National Petroleum Corporation awards 2017 crude oil contracts


State-run Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies, the company said on Tuesday. The contracts covering about 1.31 million barrels per day (bpd) of crude oil were awarded to 18 Nigerian companies, 11 international trading houses, five foreign refineries, three national oil companies and two “NNPC Group trading arms,” the firm ...

Read More »

HFC bank to invest heavily in oil & gas in 2017


The Managing Director of HFC Bank, Robert Le Hunt has told Citi Business News the bank will make a substantial investment in Ghana’s oil and gas industry in 2017. According to him, the industry holds the potential to empower efforts by the government to increase local participation of Ghanaians in the sector. Speaking to Citi Business News, Mr Le Hunte ...

Read More »

GOIL remains biggest OMC under price-deregulation

Ghana Oil Company Limited (GOIL) remains the biggest Oil Marketing Company (OMC) in the country in terms of both market share and a number of stations. “This is despite stiff competition from the over 80 other OMCs. GOIL currently has a market share of 17.5 per cent which is slightly higher than that recorded last year. “This is particularly significant ...

Read More »

Ghana’s oil and gas future extolled

Chief Director of the Petroleum Ministry, Professor Thomas Akabzaa, has given an upbeat assessment of the nation’s oil and gas industry, saying, its future is promising. He said with the start of oil drilling at the second oil field – Tweneboa Enyenra and Ntonme (TEN fields), and the Sankofa Gye Nyame expected to come on-stream next year, there certainly were ...

Read More »

Tanker drivers resist ban on ‘10-year old’ vehicles

Gas tanker operators in the country have vowed to resist any move by the National Petroleum Authority (NPA), to ban the use of gas tanker vehicles that are over ten years old. The NPA recently announced that gas tankers which are above ten years will not be allowed to operate by next year. Speaking to Citi Business News, the Chairman ...

Read More »

ACEP launches platform to monitor energy sector manifesto

The Africa Centre for Energy Policy (ACEP) has launched a platform to enable citizens to access the manifesto of political parties, analyse it and make informed decisions on the energy sector. The platform dubbed: “Citizens’ Energy Manifesto Monitor,” serves as an accountability mechanism to monitor the manifesto of elected government. The document comprises all the promises made by the political ...

Read More »