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Capex cuts to slow down East Africa oil, gas exploration projects in 2018
- April 11, 2018
- Posted by: Southey Contracting
- Category: oil and gas
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East Africa’s crude oil and natural gas exploration and production activities are forecast to be constrained this year, due to capital expenditure (capex) cuts by foreign companies.London-based analytics arm of Fitch Group, Business Monitor International (BMI) Research, in its latest report shows that foreign firms have cut capex due to a drop in oil prices
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How Ghana lost $902.45m in oil royalties, taxes between 2011, 2016
- April 4, 2018
- Posted by: Southey Contracting
- Category: oil and gas
Centre for Natural Resources and Environmental Management, CNREM, has lodged a ‘formal complaint of impropriety against the contractor party for under-payment of royalties and corporate taxes due Ghana in the sum of $902.45 million in their six years of operations at the Jubilee Fields.’ The complaint filed under the Whistleblowers Act 2006, Act 720 at
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Aker Energy quickens process to start oil drilling in 2021
- March 20, 2018
- Posted by: Southey Contracting
- Category: oil and gas
Norwegian oil company, Aker Energy, has disclosed to Citi Business News it is hoping to start its oil exploration activities in Ghana by the end of 2021. The company explains that it is working to complete the necessary processes to get clearance from the government to start operations. The CEO of Aker, Jan Arve Haugan outlined the
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Government bemoans skills gap in oil and gas sector
- March 11, 2018
- Posted by: Southey Contracting
- Category: oil and gas
Deputy Minister of Energy, Mohammed Amin Adam, has expressed his disappointment in the lack of skills in Ghana’s oil and gas sector. This situation, he asserted, has hindered government’s efforts to maximize value for Ghana. “Government is fully aware that notwithstanding all these initiatives by oil and gas companies as well as agencies of the
