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Kosmos restates commitment to gas development to transform Ghana

Kosmos Energy Ghana has expressed its commitment to play a part in ensuring that the associated gas from the oilfields yield the expected dividend of transforming the national economy.

Vice-President and Country Manager of Kosmos Energy, Mr. Joe Mensah, says aside the contribution of oil revenues to the national budget, “we believe natural gas has a lot to offer the country.”

TOR workers urged to support incoming administration

The Tema Oil Refinery (TOR) has held its annual thanksgiving service with a charge to workers to fully support any administration appointed to take over after January 7, 2017.

As the industry bounces back, it is expected that revenue from the resource will shoot up significantly
As the industry bounces back, it is expected that revenue from the resource will shoot up significantly

Oil industry bouncing back after OPEC’s meeting

Proudly, they call themselves elephant hunters. They are the geologists who scour the treacherous depths of the Arctic, or Brazil’s Atlantic pre-salt fields, or offshore west Africa, or the deep waters of the Gulf of Mexico, hoping to bag giant oil discoveries that can generate billions of dollars of cash for their firms over a span of decades.

Kemi-Adeosun — Minister of Finance, Nigeria
Kemi-Adeosun — Minister of Finance, Nigeria

Nigeria to sell $63 million of ‘green bonds’ in first quarter

Nigeria plans to raise 20 billion naira ($63 million) by March to help fund renewable energy projects, the first issuance of so-called green bonds in West Africa’s biggest economy.

 Mrs Mona Quartey
Mrs Mona Quartey

Govt pledges transparency in oil money spending

A Deputy Finance Minister, Mrs Mona Quartey, has repeated the government’s commitment to ensure transparency in the spending of the country’s oil and gas revenue to propel the growth of the economy. It will also use the funds to fight poverty.

Oil steady as market awaits Algiers meeting

Oil held steady yesterday, as the world's largest producers gathered in Algeria to discuss ways to support the market, although scepticism about any deal being reached has prompted money managers to cut their bullish bets to a one-month low.

 Dr George Adjah  Sipah-Yankey — CEO, Ghana National Gas Company Limited
Dr George Adjah Sipah-Yankey — CEO, Ghana National Gas Company Limited

Ghana Gas signs Onshore Transmission Pipeline agreement today

An agreement for an Onshore Natural Transmission Pipeline (NGTP) estimated to cost $500 million will be signed in Accra today.

Nigerian National Petroleum Corporation
Nigerian National Petroleum Corporation

Militant activities threaten Nigeria's state oil company

Militant attacks on energy facilities in Nigeria's southern Niger Delta threaten to cripple the country's state oil company if allowed to go unchecked, the Nigerian National Petroleum Corporation (NNPC) has said. 

Mr Joe Mensah interacts with our correspondent.
Mr Joe Mensah interacts with our correspondent.

Oil industry has made strides — Kosmos vice prez Joe Mensah

Ghana in less than a decade after the discovery of oil and gas has made tremendous strides, having successfully developed two independent oil fields with plateau production of more 100,000 barrels and 80,000 barrels respectively

Mr Emmanuel Armah-Kofi Buah (right), Minister of Petroleum, speaking with Mr Senam Gbeho (middle) and Mr Amartey Nuno-Amarteifio (right), Executive Directors of The Gas Consortium. PICTURES: MAXWELL OCLOO
Mr Emmanuel Armah-Kofi Buah (right), Minister of Petroleum, speaking with Mr Senam Gbeho (middle) and Mr Amartey Nuno-Amarteifio (right), Executive Directors of The Gas Consortium. PICTURES: MAXWELL OCLOO

Gas industry needs institutional reforms

Stakeholders in the country’s gas sub-sector have called for the setting up of a stakeholders’ representation and a steering committee to shape best practice and development of the sector.

Local company enters upstream petroleum services

The Ghana Petroleum Commission has granted a permit to Pressure Tech Engineering Limited, a Ghanaian petroleum engineering company, to undertake upstream petroleum services of lifting inspection, calibration as well as equipment and material supply services.

Repositioning Ghana’s economy for growth - the role of crude oil

The writer randomly selected three countries whose economic activities are strongly influenced by crude oil production and revenues; and briefly assessed their current economic development trends. 

Chamber of Mines explains Mining Cost Metrics to Stakeholders

The Ghana Chamber of Mines, an association of mining companies operating in the country has brought stakeholders up to speed on the current state of the industry.

The information sharing was done at this year's Mining for Development Forum, which was aimed at providing more information on the mining cost metrics to the stakeholders.

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Do not pass Petroleum Exploration and Production Bill

The Petroleum Bill currently being rushed through Parliament is one of the worst things that could happen to Ghana at this point in time. Unless Parliament takes very drastic steps now to stall the passage of the bill, Ghana would lose a historic opportunity to end the predatory and practically terroristic attacks on our policy space; stop the pillage of our natural resources;  stabilise our macro-economy once and for all; and realise the benefits of real, genuine and productive livelihoods, good healthcare, happy and secure families and boundless opportunities for all.

Falling prices in the United States, coupled with low shipping costs, have also encouraged traders to send U.S. oil to Europe, which would add to supply in the region.
Falling prices in the United States, coupled with low shipping costs, have also encouraged traders to send U.S. oil to Europe, which would add to supply in the region.

Oil settles down 1.25% as glut fear persists

Oil prices were on track to a weekly loss as potentially higher Iraqi crude exports and bearish U.S. inventory data weighed on the market.

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