The Minister of Hydrocarbons and Energies, Franklin Molina, reported that the Upstream Reactivation Plan enables an investment of US $ 400 million in 2022, which will be used to carry out hydrocarbon exploration and exploitation projects that allow replenishing the reserves and increasing the production of gas and oil
Oil market participants appear to agree that the price collapse on Friday was an overreaction, with the prices climbing by more than 5% on Monday morning
Oil prices rebounded on Monday as investors looked for bargains after Friday’s slump and on speculation that OPEC+ may pause an output increase in response to the spread of Omicron, but the mood remained cautious with little known about the new variant
Director of Petroleum at the Ministry of Energy, Benjamin Kwame Asante, has disclosed why blocks 5 and 6 of Ghana’s oil were reserved for direct negotiations and not open for licensing round.According to him, these blocks are in deep water hence, requires people who have experience in deepwater exploration to negotiate for its bidding.He furthered […]
Director of Petroleum at the Ministry of Energy, Benjamin Kwame Asante, has said it will be wrong for government to ask GNPC Explorco to bid forthe keta basin.He explained that the direct negotiations for the Eastern basin need people who have experience in deep water and are financially capable to embark on this project. He […]
Kosmos Energy is a major player in Ghana oil production ecosystem. Mr Joe Mensah, Senior Vice President and Head of Ghana Business Unit, Kosmos Energy, says the deep-water oil and gas exploration and productioncompany made a steady leap in production despite the effects of the COVID-19 pandemic. The Senior Vice President, speaking in an interview […]
Mr Benjamin Boakye, Executive Director , Africa Centre for Energy Policy (ACEP), has called for the automation of premix fuel delivery chain to curb illicit trade of the product.
The first Ghanaian-owned vessel known as the MV Flat Confidence for the oil sector has been unveiled in Takoradi.
Owned by FlatC Marine Offshore Limited, the 71-meter long and 19-meter-wide vessel will provide hold back support during oil export operations at
the CALM Buoy and deck cargo supply services to both of Tullow’s FPSOs – Kwame Nkrumah and John Evans Atta Mills.
The Ghana National Gas Company Limited (GNGCL) has said it will not shy away from routine engineering and maintenance of machines and equipment at its Gas Processing Station at Atuabo in the Western Region.
The national oil marketing company, GOIL has been adjudged the Energy Company of the Year at the 2021 edition of the Ghana Energy Awards held in Accra over the weekend.