ACCRA – Crude oil production from Ghana is nearing a rate of 80 000 barrels per day and should reach its 120 000 bpd target by August, the operator of the country’s sole producing field said on Tuesday. "Production today stands at about 70 000 barrels per day and I expect it to reach about 75 000 to 80 000 barrels... Read more

New Alpha Refinery-Ghana, a South African-initiated company, is to construct a second crude oil refinery in Ghana. The project comes with import/export facilities; a tank farm and a gas turbine. The refinery will have the capacity to process 200,000 barrels of crude per day. This would be more than quadruple the capacity of the Ghana’s lone refinery – The Tema Oil Refinery... Read more

Government says it is hopeful majority of work done in the oil and gas sector will be executed by local indigenes nine years from now. Government’s target is that by 2020, 90 per cent local content and participation would be realized and last year engaged a consultant from Trinidad to work towards it. Some have however argued that this will be difficult... Read more

Italy’s oil and gas major Eni (ENI.MI: Quote) has made a successful appraisal and testing of the Sankofa discovery offshore Ghana as part of its push to expand in Africa, Eni said on Tuesday. The Sankofa-2 well was tested and delivered about 840,000 cubic metres of high quality gas and 1,000 barrels of oil equivalent per day (boepd) of high quality... Read more

In line with its commitment to the development of the Ghanaian economy and support for the burgeoning Oil & Gas industry, Access Bank (Ghana) limited is partnering the renowned CWC Group, to host this year’s Oil and Gas summit in Accra. The summit, the second of its kind since Ghana struck oil in commercial quantities, will hold from the 12- 14th... Read more

Ghana has failed to implement key contracting and environmental safeguards for the countrys fledgling oil and gas industry, a coalition of transparency groups said in a report. The West African nation hasnt publicly disclosed contracts with companies including U.K.-based Tullow Oil Plc (TLW), operator of the countrys offshore Jubilee field, and continues to negotiate exploration contracts in private rather than through... Read more

The Police Administration has established a Marine Police Unit to handle offences contained in the Fisheries Act 2002 and Fisheries Regulations 2011, Assistant Commissioner of Police Ransford Ninson, the Western Regional Police Commander, has said. Speaking at a press briefing at Sekondi, he said the Unit would also handle piracy cases and associated crimes from the oil and gas industry. Mr. Ninson... Read more

Endorsed by the Ministry of Energy and GNPC and supported by H.E. John Dramani Mahama, Vice President of the Republic of Ghana, the Ghana Summit will once again be the leading, must-attend platform for governments, national and international oil companies, and regional experts to announce their future plans, discuss current developments, launch new projects and cement international collaborations. Important announcements... Read more

Tullow oil is today expected to lift its third consignment of crude oil from the Jubilee field. The transfer of the almost 1 million barrels from the FPSO Kwame Nkrumah is expected to take almost a day. The consignment which is jointly owned by the EO Group would be marketed by bulk oil trading firm, Vitol. This is Tullow’s third consignment. It brings to... Read more

BMI View : Eni’s acquisition of a 35% operating stake in the Keta Block is its third such acquisition offshore Ghana and indicates just how optimistic the company is about the area’s hydrocarbon potential. Eni expects offshore Ghana to be a contributor towards its longer-term output growth targets. Italy’s Eni has acquired operatorship and a 35% stake in the Keta Block... Read more