Oil & Gas

Government is working on petrol pricing – Deputy Energy Minister

Deputy Minister of Energy, Mr Mohammed Amin Adam has called on Ghanaians to be patient with government as it strategizes to deal with the pricing challenges of petroleum. According to him, government is working to find a solution for the increase in pricing of...

$100m Ghana Gas choppers deal stinks

A government sanctioned forensic audit has revealed that the acquisition of helicopters worth over $61 million by Ghana National Gas Company (GNGC) caused financial loss to the state because the choppers were never utilized. The four Z-9EH helicopters bought from...

We won’t scrap petrol tax – Amin

Deputy Minister of Energy, Dr Mohammed Amin Anta, has said the Akufo-Addo government has no intention to scrap the Special Petroleum Tax (SPT) introduced by the previous administration. The Minority in Parliament repeated its call for the scrap on Wednesday, 19...

ACEP backs calls for removal of some fuel taxes

Energy Think Tank, Africa Centre for Energy Policy (ACEP), has backed calls for the government to bring relief to fuel consumers by scrapping some taxes from the petroleum price build up. Fuel prices crossed the GHc5 per litre mark earlier in the week, giving rise to...

Vivo Energy announces agreement with Engen Holdings

Vivo Energy plc has announced that it has reached an agreement with Engen Holdings (Pty) Limited (EHL) to restructure the acquisition of Engen International Holdings Limited (EIHL) by Vivo Energy’s subsidiary, Vivo Energy Investments B.V. According to a press release...

Downstream industry news: 3 September 2014

INDIA Indian Oil Corporation Ltd (IOCL) has announced that 96% of the construction work at the Paradip refinery is complete. The company has also announced that it is expecting to commission the refinery soon due to the speed of progress being made. The 15 million tpy...

Ghana Gas ready as final test proved successful

The Ghana National Gas Company (Ghana Gas) has expressed satisfaction with work on the Atuabo Gas Plant as a test run on the plant proved successful. A series of tests was carried out over the weekend on the 111-kilometre Onshore pipelines from Atuabo in the...

Quantum Power and Golar LNG sign agreement

Quantum Power, the pan African energy and infrastructure industrial investment platform, on Sunday said its subsidiary, Quantum Power Ghana Gas project, has signed a collaboration agreement with Golar LNG. The agreement contemplates that should the project reach the...

BDCs must respect supply agreement – OMCs

A new report by the Business Monitor International (BMI) has forecasted the value of Ghana’s mining sector to reach US$3.8 billion within the next four years as bauxite and gold production see modest increases. Last year, the value of the country’s mineral output was...

Putin’s Pipeline Bypassing Ukraine Is at Risk Amid Conflict

Vladimir Putin’s dream of a new pipeline to deliver Russian natural gas to the European Union without passing through Ukraine is fading amid escalating tit-for-tat economic sanctions. The $46 billion South Stream project, spearheaded by OAO Gazprom, is on hold and...
U.S. Rig Count Rises by 11 to 1,925, Baker Hughes Says

U.S. Rig Count Rises by 11 to 1,925, Baker Hughes Says

Rigs targeting natural gas in the U.S. rose for the fifth straight week, capping the longest streak of gains since 2010, amid higher futures prices and growing pipeline capacity. Gas rigs climbed by two to 340, the most since March, data posted on Baker Hughes Inc....

One dead in U.S. Gulf of Mexico platform explosion

One dead in U.S. Gulf of Mexico platform explosion

An explosion at a Fieldwood Energy operated platform in the U.S. Gulf of Mexico killed one contractor and injured at least one another person Thursday. The blast happened around 3:00 p.m. local time on the Echo Platform located at West Delta 105 facility, about 12...

Ghana set to build 3rd FPSO

Ghana set to build 3rd FPSO

Ghana is set to build its third Floating Production Storage and Offloading (FPSO) vessel as part of the process to make the country an oil hub in West Africa. There is an ongoing tender process to select what the government terms “the best” contractor to build the...

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