Tuesday, September 27, 2022
The Ghana Oil and Gas Service Providers Association (GOGSPA) has dragged Tullow Ghana Limited before the Accra High Court, Commercial Division, over alleged violation of local content laws. The plaintiff is praying the court to halt the defendant from re-awarding any petroleum contract being executed by indigenous companies to foreign...
With health and safety as a priority, Tullow Ghana has attained a remarkable drilling operation without lost time injury. Lost time injury (LTI) refers to any injury sustained by an employee that leads to loss in productivity, and delays in production. Presently, the Tullow team have impressively clocked over 500...
Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has lamented the inefficiencies within management of the country’s resources - which he underlines has been a critical setback to increasing Ghana’s crude oil production. Ghana has signed eighteen petroleum agreements/contracts (PAs) since 2004 covering its offshore basins:...
The upstream petroleum industry awarded contracts worth US$3.6billion to indigenous companies over the last three years, thereby deepening the local content policy. The contracts were awarded between 2018 and 2021 by upstream petroleum exploration and production firms as part of efforts to increase local participation, says the Ghana Upstream Petroleum...
(Bloomberg) — Shell Plc, ExxonMobil Corp., Chevron Corp. and Equinor ASA plan to withdraw multibillion-dollar lawsuits against Nigeria’s state energy company after finalizing new terms for deepwater oil production in Africa’s largest crude producer. In letters to two New York federal judges on Aug. 22, the oil majors said they...
The cost of fuel at the pump is of interest to every Ghanaian because of its direct impact on our daily lives. Whether you drive a personal car or use public transport, the changes in the prices of fuel affects your cost of living. Fuel is a key ingredient...
The Group Chief Executive Officer and Managing Director of GOIL, Mr. Kwame Osei Prempeh has paid a working visit to the BOST Terminal at Buipe in the Savannah Region. The visit was to acquaint him with operations of the terminal facility. The depot has a total storage capacity 50,000 cubic meters...
The Bulk Oil Storage and Transportation Company Limited (BOST) made a net profit in excess of GH¢163million last year, compared with a net loss of GH¢291million registered in 2020. This represents an over GH¢451million improvement in the company’s financial performance during the period.  Details of operational results are shown in...
Tullow Ghana has concluded a 10-month Supplier Finance Readiness Programme designed to provide selected suppliers impacted by the COVID-19 pandemic in the oil and gas industry in Ghana, financial and business advisory support to build financially resilient and sustainable businesses for the future. The programme, which was implemented by Invest...
Genser Energy on Wednesday announced that it has successfully achieved financial close for an eight-year USD425m funding package. The funds, which comprise a syndicated senior loan facility of USD325m and a USD100m mezzanine loan facility, will be used to refinance existing debt and finance the next phase of expansion projects...
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