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Get all the Oil and Gas news in Ghana today. Stay up to date with the latest news, breaking stories, top headlines, opinion, pictures and videos and more.

Ghana is believed to have up to 5 billion barrels (790,000,000 m3) to 7 billion barrels (1.1×109 m3) of petroleum in reserves, which is the sixth largest in Africa and the 25th largest proven reserves in the world and it has up to 6 trillion cubic feet of natural gas in reserves.

Ghana’s experience with the oil and gas industry has been more complex than is often assumed.

Recent research shows that the challenges and prospects of the oil and gas industry go beyond the often discussed issues about macroeconomic stability to pressing current concerns about energy. This research shows the possibility that the rents from oil and gas can be used for social change in Ghana.

There is an immediate need for oil and gas service firms that are able to partner with indigenous Ghanaian companies to support the offshore activities of the international oil companies.

Domestic Ghanaian companies do not have the ability to provide a broad range of services despite local content requirements mandating a minimum level of local participation. Joint-venture firms with foreign partners contributing technology and know-how to a partnership with a reliable local company will be highly sought-after.

In addition to providing equipment and services directly to the exploration and production companies, training programs to increase the capacity of Ghanaian firms to provide these services are likely to be highly successful.

For more Ghana oil and gas news, visit https://www.orientenergyreview.com/tag/ghana/

Oil Price: Brent Hits Above $50

Ghana Awaits Double on Budget Deficit Following Oil’s Price Drop

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Battered by the effect of COVID-19 on state income and economic growth, as well global oil price drop, Ghana’s budget deficit is being projected...

Meet Amma Boateng, Managing Director Of Ghanaian Budding Destra Energy Group

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Destra Energy Group is a budding and fully indigenous Ghanaian company providing ancillary services to key players in the oil and gas industry and...

Russia, Ghana Launch Cooperation In Nuclear Education

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The Tomsk Polytechnic University (TPU), Russia and three key Ghana universities are collaborating to help the Ghanaian upcoming engineers, physicists, doctors and researchers to...

Nigeria, Ghana Top Africa’s LNG Market List For Key Projects

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...Ghana Hopeful With Tema LNG Terminal Completion   The African Energy Chamber in its African Energy Outlook 2020 report launched recently, has highlighted that the $12...
XpressGas Limited At The Clean Cooking Forum 2019 Event

XpressGas Limited Participated In The Just Ended Clean Cooking Forum 2019

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XpressGas Limited, an indigenous LPG Marketing Company was part of the few companies from Ghana that participated in the Clean Cooking Forum 2019 (CCF’19)...

Ghana To Host the 3rd Annual Africa Oil & Gas Local...

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National, regional and international oil and gas industry Local Content Experts will gather at the third edition of the Africa Oil & Gas Local...

Ghana Electricity Company Under Probe For Breaches Of Distribution Obligations

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...trade Union urges government to expose culprits The Electricity Company of Ghana (ECG) – Power Distribution Services (PDS) has come under probe with the Trades...
How Ghana’s Quest for Power Abundance Turns to Burden as Energy Debts Mount

Ghana Places High Premium On Karpower Project – Energy Minister

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Ghana’s Energy Minister, Peter Amewu, has said that the government places a high premium on the Karpower project, and, therefore, expects all players to...

AFC Provides $100m Funding For Aker Energy Offshore Project In Ghana

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Chibisi Ohakah, Abuja Africa Finance Corporation (AFC), infrastructure solutions provider in Africa is financing Aker Energy’s deepwater project located offshore Ghana with $100 million of...
How Ghana’s Quest for Power Abundance Turns to Burden as Energy Debts Mount

Ghana Adopts Rewards-Based Approach To Cut Carbon Emissions

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…plans to boost local energy generation with nuclear power plan By Chibisi Ohakah, Abuja The government of Ghana is rewarding communities who are collaborating with the...
How Ghana’s Quest for Power Abundance Turns to Burden as Energy Debts Mount

Ghana’s Oil And Gas Management Accused Of Insufficient Transparency

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Chibisi Ohakah, Abuja A study by a group, IMANI Africa, has revealed that there is insufficient transparency in the upstream contracting process for natural gas...

Ghana’s First Oil Licensing Round: Ministry Of Energy Publishes Final Bidders’...

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Peace Obi Ghana’s first oil and gas exploration licensing round which started in October last year is nearing conclusion as the country’s Ministry of Energy...
How Ghana’s Quest for Power Abundance Turns to Burden as Energy Debts Mount

Ghana earns US$ 813.95 million from 2018 oil lifting

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In 2018, Ghana earned a total of US$ 813.95 million from crude oil exports representing lifting proceeds received into the Petroleum Holding Fund (PHF)....
How Ghana’s Quest for Power Abundance Turns to Burden as Energy Debts Mount

‘Ghana Must Go’ pay back, as Ghana deports 723 Nigerians

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By Elizabeth Uwandu The government of Ghana has deported about 723 Nigerians over offences such  as illegal stay, cybercrime and prostitution. However, Orient Energy Review Magazine...
'Exxon Mobil Key to Developing Ghana's Oil & Gas Industry' - President Akufo-Addo

‘Exxon Mobil Key to Developing Ghana’s Oil & Gas Industry’ –...

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  The President of the Republic, Nana Addo Dankwa Akufo-Addo, says close co-operation between Ghana and the world’s largest publicly traded international oil and gas...
Ghana Wants More Local Participation in Petroleum Sector – Egbert Faibille

Ghana’s Local Content Fund Still Empty

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Aren’t we hungry yet? By Gilbert Borketey Boyefio  Information gathered by the Orient Energy Review indicates that contractors operating in Ghana’s oil and gas sector...
Christoph Retzlaff, Germany’s Ambassador to Ghana

Ghana Gets €100M Grant from Germany for Its Renewable Energy Sector

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Germany has signed with Ghana a memorandum of understanding providing the West African nation €100 million to develop its renewable energy sector. The provision of...
By Gilbert Borketey Boyefio

Ghana’s Parliament Divided Over AMERI as Abrogation Of Contract Looms

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By Gilbert Borketey Boyefio   The controversy surrounding the Build, Own, Operate and Transfer (BOOT) agreement between the Government of Ghana and Africa and Middle East...
Ghana keeps Tullow Oil Fields after maritime border ruling

Ghana keeps Tullow Oil Fields after maritime border ruling

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By Karin Matussek Moses Mozart Dzawu  and Olivier Monnier A ruling by the International Tribunal for the Law of the Sea will keep Tullow Oil Plc’s...