The West Africa Gas Pipeline Company (WAPCo) has said it is ready to resume transportation of some 30million standard cubic feet per day of gas to the Volta River Authority, although it expects the latter to fully settle US$50million out of its US$162million debt as soon as possible. In June 2016, WAPCo and the gas … Read more
The Minister of Petroleum, Emmanuel Armah-Kofi Buah has lashed out at the West African Gas Pipeline Company (WAPCo) for disconnecting gas supply to Ghana over the country’s debt to the company. According to him, the company’s decision is not economically viable since the Volta River Authority (VRA) will need the gas to operate before it … Read more
The West African Gas Pipeline Company (WAPCo) has warned that it will take drastic action against the government of Ghana if it fails to pay debt owed the company by close of year 2016. According to the company, government’s outstanding balance of 162 million dollars of which 98 million dollars is owed to WAPCo, and … Read more
Ghana has begun supplying gasoline and gas oil to the landlocked countries of Burkina Faso, Niger and Mali from the Bolgatanga Petroleum Depot. The state-owned Bulk Oil Storage and Transportation Company (BOST) Limited is also supplying petroleum products from the depot to Benin and Nigeria. The Minister of Petroleum, Mr Emmanuel Armah-Kofi Buah, who made … Read more
The ruling National Democratic Congress (NDC) is oiling its propaganda machinery to ‘douse’ the flame ignited by the New Patriotic Party (NPP) vice presidential candidate, Dr. Mahamudu Bawumia, last Thursday at a public lecture on the economy where he shredded the government into pieces in respect of the economy. The distinguished economist and former Deputy … Read more
The Member of Parliament (MP) for Takoradi Constituency says the governing National Democratic Congress (NDC) has done next to nothing to improve the lives of residents in the Western Region. Kwabena Okyere Darko Mensah says despite the rich resources found in the region and revenue that accrues to government the people are still wallowing in … Read more
Ghana’s legislature has given its approval to the Petroleum Production and Exploration Bill on Thursday. The law, which will regulate the nation’s oil sector, comes nine (9) clear years after Ghana discovered oil. Speaking to Joy News after the House approved the Bill, Energy Minister, Emmanuel Armah Kofi Buah, says even though the PNDC Law … Read more
The West African Gas Pipeline Company (WAPCo), has rejected claims that the government has paid some 30 million dollars as part payment of the over 100 million dollars debts owed the company. This is according to the Corporate Affairs Director for WAPCo, Harriet Wereko-Brobbey. Harriet Wereko-Brobbey who spoke to Citi Business News on Tuesday, explained … Read more
The Petroleum Minister, Emmanuel Armah Kofi Buah, has said that Ghana has paid 30 million dollars of the reported 140 million dollars it owes the West African Gas Pipeline Company (WAPCo) The company indicated in June 2016, that it had cut supply of gas to Ghana over the failure of government to pay its bills. … Read more
Ghana will double crude production by 2017 as offshore deposits being developed by Tullow Oil Plc and Eni SpA start producing oil, Minister of Energy Emmanuel Armah-Kofi Buah said. Tullow’s TEN development will produce about 80,000 barrels a day by then, the minister said by phone today. Eni’s Sankofa Gye-Nyame deposit will pump 50,000 barrels, … Read more
Lukoil-Overseas said it found oil and gas at its Cape Three Points Deep Water block off the coast of Ghana, and according to the energy minister, it now has a 90-day test period to determine whether the find is commercially viable. The company started drilling in May and found several layers with what it described … Read more
Ghanaian workers on Jack Ryan rig on the Jubilee Oil Field are on a sit down strike in protest of poor salaries. The rig does exploratory work for Lukoil, the same company whose local and expatriate staff recently died in a helicopter crash at sea recently. The riggers, numbering about 43 have laid down their tools and … Read more
Although power supply in the country over the past two weeks has improved tremendously which certainly has brought to an end the punishing load shedding exercise, government is said to be reluctant in officially announcing an end to the ‘dumsor dumsor’ phenomenon. Sources close to the country’s power production and distribution sectors disclosed that though … Read more