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Oil And Gas

Ameri welcomes Amewu’s ‘enhanced’ agreement

Ameri

Ameri Energy has demonstrated its willingness to work with the government of Ghana on the new agreement it has brought forth. CEO of Ameri Energy, Mustafa Ahmed said in a statement: “We are always happy to address any misconceptions about our work and we’ve engaged in a constructive dialogue with the government and all stakeholders. “Now, having found a solution, ...

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Ghana-Togo deliberate on maritime boundary for oil blocks

National Security Minister, Albert Kan-Dapaah

Government is hoping to reach an amicable agreement with the Togolese government on the Ghana-Togo Maritime Boundary demarcation. This is the third time the two countries are meeting to properly demarcate the boundaries which is suspected to hold oil and gas in commercial quantities. Lessons from Ghana-Ivory Coast dispute Ghana last had a maritime dispute with Ivory Coast after the ...

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24 million dollars revenue loss at TOR false—Management

General view of the Tema oil refinery near Ghana's capital Accra

The Tema Oil Refinery (TOR) has described as ‘false’ a publication by the Institute of Energy Security(IES) that the refinery is incurring losses to the tune 24 million dollars. Management of TOR in a press statement issued on December 3rd, 2018 said the projections by IES which concluded that the refinery was making losses due to drastic reduction in the ...

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GOIL reduces fuel prices below 5 cedis per litre

Managing Director of Goil Ghana, Mr. Patrick Akorli

Ghana Oil Company Ltd, GOIL,  has reduced fuel prices at all its retail outlets. For now, Super XP is selling at   4.98 cedis per liter while Diesel XP is selling for 4.98 cedis per litre. The reduction, which is in line with the drop in international Petroleum prices and relative stability of the Cedi takes effect from Sunday, December  2,  ...

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Ghana needs more investment in petroleum upstream sector—Tsatsu Tsikata

Mr. Tsikata was rewarded for contributing immensely to the growth of the Ghanaian energy sector.

A former Chief Executive Officer of the Ghana National Petroleum Company (GNPC) Tsatsu Tsikata has called for more investment into Ghana’s upstream sector. According to him, the sector holds the potential to significantly reduce the country’s unemployment level. Since the promulgation of the Local Content and Participation Regulation LI 2204, about 12,000 Ghanaians have been employed in the country’s upstream ...

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Ghana must focus on electricity distribution efficiency—Turkey Electrical Association

WhatsApp Image 2018-11-28 at 20.25.39 (1)

The Electrical and Electronics Exporters Association of Turkey have called on government to focus more on improving the efficiency associated with the transmission and distribution of electricity in the country. The Vice Chairman of the Association, Mehmet Kavaklioglu made the call at the ongoing Turkey-Ghana Business to Business Summit. The Turkey-Ghana Business to Business Summit, organized by the Turkish Electrical ...

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IES blames power cuts on overdependence on gas

Dumsor

The Institute of Energy Security (IES) wants the government to find pragmatic ways to purchase and store adequate quantities of alternative fuel for the country’s power generation plants. The IES argues that may largely help in stabilizing power generation and supply. The suggestion comes on the back of the recent erratic power supply that has hit parts of the country. ...

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Petroleum Commission prioritises technology use for upstream operators                                                          

Egbert Faibille Jnr - CEO, Petroleum Commission

Chief Executive Officer of the Petroleum Commission, Egbert Faibille has urged various companies operating within the petroleum sector to use technology in building the industry. This he believes will promote the upstream space and improve revenue for the sector and country as a whole. He made the remarks at an engagement with some investors in the upstream petroleum sector. Addressing ...

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ACEP cautions GOIL on Exxon Mobil deal

Benjamin Boakye - Executive Director of ACEP

The Africa Centre for Energy Policy (ACEP) has cautioned the Ghana Oil Company Limited (GOIL) to ensure that it puts in place the necessary measures to absorb any risk that may arise from its partnership with Exxon Mobil. GOIL is set to become ExxonMobil’s local partner as it begins full-scale exploration for oil in Ghana’s West Cape Three Points in ...

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Gov’t approves GOIL as partner for Exxon Mobil oil deal

Minister Energy, John Peter Amewu

Minister for Energy John Peter Amewu has announced that government has approved state owned Oil Marketing Company, GOIL as the minority partner for the Exxon Mobil deepwater offshore oil field. Mr. Amewu disclosed that government has“been notified by Exxon of their choice” and the Ministry of Energy has approved of the deal. He stated that with the approval, the Ministry ...

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