Ghanaian President John Atta Mills said Thursday his government will soon submit to parliament an oil and gas revenue management bill ahead of planned oil production in the last quarter of this year. “Ghana is preparing an oil and gas revenue management bill to be submitted to the parliament for approval,” he told lawmakers while presenting his state of the nation... Read more

Koforidua, March 3, GNA – Mr. Samuel Ofosu Ampofo, Eastern Regional Minister, has advocated the formulation of good policies and enactment of effective laws to protect the country’s oil find. He also called for the training of Ghanaians in technical skills to enable them to take up jobs in the oil and gas industry. Mr. Ofusu Ampofo was speaking at a... Read more

Ghana is about 241 days to first oil today, projected to produce at 120,000 bopd and subsequently 250,000 bopd in 2012. It is thus an unquestionable reality today that, oil will feature prominently in receipts and play a very significant role in the economic development of Ghana for a considerable time to come. In order to make meaningful gains with... Read more

The 14th annual Offshore West Africa (OWA) conference & exhibition on oil and gas is to be held at the Accra International Conference Center from 9 to 11 March 2010. Offshore West Africa is the region’s premier technical forum that is focused exclusively on West Africa’s offshore oil and gas market. The event, which is under the theme, Solutions for West Africa’s... Read more

US operator Vanco has struck oil in a deep-water Dzata-1 well off Ghana’s Cape Three Points, further boosting the prospectivity of Ghana’s booming offshore Tano basin play. Vanco and partner Russian explorer Lukoil said separately the exploration well struck hydrocarbons over 94 metres, including a 25-metre net section of layered oil and gas pay. The pay was discovered below a depth... Read more

Two multi-national oil field service providers- Africa Oilfields Service Limited (AOS) and Orwell International (Oil & Gas) Limited, have committed $ 5million worth of equipment to Ghana’s oil and gas industry. The two corporate entities plan to grow the investment to $ 15million, subject to demand expansion in Ghana. The equipment will be operated at its Takoradi- based office whilst its administrative... Read more

Three years ago Ghanaian officials announced with euphoria the finding of off shore oil and gas in commercial quantities. Indeed, officialdom in Accra has the right to be happy; the oil funds, if well managed, would increase the country’s revenues, reduce Ghana’s dependence on foreign capital, reduce Ghana’s over reliance on agricultural exports, increase the size of the economy, and... Read more

Global Strategic and Training Service (UK) in conjunction with Accent Global Services Ltd, present a two day International Seminar on the topic " Oil & Gas Accounting and Finance" scheduled for 7th to 9th April 2010 at GIMPA Executive Conference Centre, Greenhill, near Legon The seminar is organised in conjunction with Institute of Chartered Accountants Ghana, ACCA Ghana and CIMA Ghana. email oilandgasseminar... Read more

The 14th Ghana International Trade Fair opened in Accra last Friday with a call on financial institutions to develop products to support the productive sectors of the economy. The Minister of trade and Industry, Ms. Hanna Tetteh, who made the call, also urged small and medium-scale enterprises to follow good corporate governance and management practices irrespective of the size of the... Read more

"In virtually every community, there have been occasions in which regular police, or the army, have beaten, detained, or even killed those in protests, peaceful or otherwise, or individuals who have called for compensation for oil damage, whether youths, women, children or traditional leaders” (Human Rights Watch, 1999 Report on Oil Exploitation in Nigeria) It is striking to know that Ghana’s... Read more