Archive for the ‘News updates’ Category

Report Launch: Ghana’s Oil Boom – A Readiness Report Card

April 5 | Posted by oilgas | News updates

The Royal Institute of International Affairs Chatham House, 10 St James’s Square, London, United Kingdom Organization:Chatham House Website:http://www.chathamhouse.org.uk/events/view/-/id/1928/ Register Online:http://www.chathamhouse.org.uk/contact/email/-/cid/248/sn/1/eid/1928/ Energy Monday 18 April 2011 14:00 to 15:00 Location Chatham House, London Participants Kwaku Darko Aferi, Head of Communications, Ghana Trades Union Congress Ian Gary, Senior Policy Manager, Extractive Industries, Oxfam America Mohammed Amin Adam, Platform convener, Civil Society Platform on Oil and Gas; and National Oil Coordinator, Publish What You Pay Rosalind... Read more

Tullow Oil calls for re-location of houses on project lines

April 4 | Posted by oilgas | News updates

An official of British oil producing company, Tullow Oil has called for the relocation of houses on its project lines. The Ghana News Agency cites Mr. Gayheart Edem Mensah, Communications Manager Of Tullow Oil Ghana as suggesting that people whose houses were sitting on the project lines at the Jubilee oil field should be re-located. Mr. Mensah who was speaking on the... Read more

Access Bank targets oil and gas industry in 2011 fiscal year

April 4 | Posted by oilgas | News updates

Access Bank (Ghana) will this year focus on financing the oil and gas industry as the sector represented a major growth pole in the economy. “The focus of the bank for 2011 is more on oil and gas because about 15 per cent of GDP is driven by that sector and therefore an opportunity for us to be a major player,”... Read more

Tullow to takeover EO Group’s Jubilee stake

April 4 | Posted by oilgas | News updates

Joy Business has gathered Tullow is in preliminary talks with the EO Group towards a possible takeover of its stake in the Jubilee field. Tullow Ghana’s Corporate Affairs Director could not confirm the story when the Financial Times newspaper first reported it last week that Tullow was interested in acquiring the EO Group’s 1.75 percent interest in the field for 300... Read more

Second Matchmaking Oil& Gas Exhibition Launched

April 4 | Posted by oilgas | News updates

The Association of Ghana Industries (AGI), in collaboration with the Ministries of Energy and Trade & Industry, have held a media launch on the second Domestic Content Matchmaking Exhibition and Conference in the Oil and Gas Industry, in Accra. The purpose of the launch is to sensitize all stakeholders about the exhibition which comes off from 11-13 October, and it follows... Read more

Norwegian Crown Couple to visit CWC Ghana Summit

April 1 | Posted by oilgas | News updates

Norwegian Crown Couple, Crown Prince Haakon and Crown Princess Mette-Marit will be travelling to Ghana in mid-April. The Couple’s visit to Ghana will be accompanied by Norwegian Minister of Environment and Development, Mr Erik Solheim. During their official visit to Ghana, the Royal Couple will attend The CWC Group’s Ghana Summit in Accra between 12 and 14 April. Minister of Environment... Read more

Comment: Oil spills in Ghana and the Kosmos Energy’s snub: Averting the Gulf Coast Disaster

April 1 | Posted by oilgas | News updates

Introduction The environmental catastrophe following the sinking of the Deepwater Horizon oil rig in the Gulf of Mexico has been rated without doubt the worst of its kind in the history of oil and gas exploration and production. Even now, the effects remain fresh and haunting the Gulf Coast and the entire conclave. One wonders, what has happened to a nation that... Read more

NPP MPs claim marginalization of region in credit facility for oil projects

April 1 | Posted by oilgas | News updates

New Patriotic Party (NPP) MPs claim their region is being marginalised with regards to a credit facility to finance oil field projects in the country. There is yet to be presented before Parliament for approval a credit agreement between the government of Ghana and the Industrial and Commercial Bank of China for a US$1.8 billion facility to finance the implementation of... Read more

Tullow Oil signs $2.9b Uganda SPAs with CNOOC, Total

March 30 | Posted by oilgas | News updates

British oil producer, Tullow Oil says it has signed a $2.9 billion Sale and Purchase Agreements (SPAs) with China’s state-owned oil company, China National Offshore Oil Corporation (CNOOC) and French oil company Total in respect of the sale of a one third interest to each party of the interests it holds in Exploration Areas 1, 2 and 3A in Uganda. Tullow,... Read more

Ghana in $38m agreement with IDA to build local capacities in oil and gas industry

March 30 | Posted by oilgas | News updates

The government has entered into a credit agreement with the International Development Association for an amount of US$38 million to finance the oil and gas capacity building project, which is aimed at enhancing local skills and competencies needed to the oil industry. In 2009, a needs assessment in the petroleum sector was conducted and the assessment recommended capacity development in various... Read more

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