The Ghana government announced that from 2008 to 2014, about $600 million worth of oil contracts have been awarded to Ghanaian companies, as the country marks the first anniversary of the Local Content law.
Category: Oil & Gas
Labour Union: More Oil workers To Be Laid Off
The General Transport, Petroleum and Chemical Workers’ Union (GTPCWU) has warned that hundreds of Ghanaians working in the oil industry will be sacked in the coming weeks following the drop in the price of oil on the world market.
IEA Calls For Speedy Passage Of Key Oil Laws
A Visiting Fellow of the Institute of Economic Affairs, Prof John Asafu-Adjaye has called for the speedy passage of key bills to enhance the level of transparency and accountability in the management of Ghana’s oil and gas resources.
Oil Exporters Suffer Biggest Economic Shortfall
Economic developments for commodity exporters after a fall in prices vary significantly depending on the type of commodity, with oil exporters suffering the biggest shortfall in activity, according to research by US based Moody’s Investors Service.
GNPC: $7 Billion ENI, Vitol Deal Won’t End Power Crisis
Government says a $7 billion agreement signed Wednesday between ENI and Vitol to produce about 1,200MW of power will not solve the country’s current power crisis.
Aggreko Extends 200 MW Ivory Coast Power Project
Aggreko, the world leader in the provision of temporary power and temperature control services, has announced a three year contract extension to its 200 MW gas-fired power project in Ivory Coast, with an option to extend this by a further two years.
Ghana To Set Up $60 M State-of-the-art Logistics Centre
The Ghana Supply Company Limited (GSCL) is set to undertake the construction of a $60 million state-of-the-art total logistics centre at the free zone enclave in Tema.
VRA Prepares For Atuabo Gas
The Volta River Authority says cannot expect to use the full 120 million standard cubic feet gas from Atuabo until March 2015.
ENI Relocates Africa Headquarters To Ghana
ENI, Italy’s oil and gas giant, has initiated moves to relocate the company’s Africa headquarters to Ghana.
Who Regulates The Bogus Oil And Gas Schools?
They enrolled in their multitudes: some took loans, using family cocoa farms as collateral to pay for tuition on the back of a promise that they would be the welders, pipe-fitters, electricians and what have you when the US$850million Atuabo Gas infrastructure project began.