exploration

 

Oil and gas exploration to begin in Keta Basin

President John Dramani Mahama has announced processes undertaken by government towards the exploration of oil and gas in the Keta Basin. According to the President, an oil exploration agreement has ... more
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MP accuses GNPC of draining its resources to "artificially manage dumsor\’

A Member of Parliament for Atwima Mponua is accusing the Ghana National Petroleum Corporation of draining its resources to artificially manage Ghana's power situation. Isaac Asiamah who is also a ... more
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Govt vows to protect against job cuts by oil companies due to crude price declines

Government has indicated that it will work to ensure that layoffs by oil firms in Ghana due to declining crude prices do not affect Ghanaian workers unduly. Petroleum Minister Emmanuel ... more
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Tullow: Capital expenditure cuts wont affect Jubilee, TEN projects

Ongoing developments on the Jubilee and Tweneboa Enyenra, Ntomme oil fields will not be affected despite cuts in funds set aside for the infrastructure projects. That is the assurance coming ... more
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Tullow suffers $1bn loss for 2015

Tullow Oil recorded a loss in its operations for last year, a situation that is reflected by the firms 27 percent decline in revenue. The loss was influenced by some ... more
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Tullow back to winning ways as 2015 interim profits, revenue pickup

Tullow Oil has seen its revenue and profits for last year pick up marginally despite declining prices of crude oil. This is coming after it recorded some severe losses for ... more
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Exposed: 70% of fuel cost in Ghana just taxes

It has emerged that Ghanaians are not enjoying the drastic fall in fuel prices because taxes alone constitute about 70% of the cost of fuel in Ghana today. For example, ... more
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OPEC: Oil prices will reach $70 a barrel by 2020

Oil producers group Opec has said it expects oil prices to recover to $70 a barrel by 2020. Prices have fallen from more than $110 a barrel in the summer ... more
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US$7 Billion Gas Project in Ghana on course despite 50% drop in oil price

The Executive Vice President for Sub-Sahara African Regional branch of Enihas reassured the Petroleum Ministry of ENIs commitment to Ghanas oil and gas industry despite the current downturn in crude ... more
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Vacillation and misplaced entitlement throttling Ghanas oil future

In November 2010, Tullow Oil and its partners started oil production from the Jubilee Oil field. The fifth anniversary of, what we all assumed would herald, Ghanas entry into the ... more
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ACEP predicts bleak future for Ghanas oil industry

Think tank, African Center for Energy Policy, has forecasted a bleak future for Ghanas oil industry due to what he says is refusal by companies granted production licences to explore ... more
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GNPC payments to Tsatsu Tsikata & co: was it Ex-Gratia or ESB?

An ambivalent statement from the GNPC concerning payments to former top managers has deepened the confusion and raised further questions about the legality of the transaction. The company statement released ... more
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