The months-long oil price rally hit the pause button this week, following a shift in outlook from the U.S. Federal Reserve. “Inflation is your friend until it isn’t,” Louise Dickson of Rystad Energy said in a statement.
Category: Energy
10 Years of Oil Production: Ghana’s Upstream Sector Fraught with Challenges
Accra, Ghana//-Ghana’s upstream petroleum sector is fraught with challenges as the country celebrates 10 years of oil production.
Ghana’s Electricity Supply Mix Has Improved, But Reliability and Cost is Still a Challenge
Ghana produces excess electricity but its mangement is inefficient. Wikimedia Commons Theophilus Acheampong, University of Aberdeen and Bridget O. Menyeh, Loughborough University Ghana has made significant progress over the past 10 years in increasing electricity generation and access. This has supported higher levels of economic growth.
10 Years Into Oil Production: Ghana Still Struggles to Translate Oil Wealth Into Dev’t Gains
Accra, Ghana//-Ghana is celebrating 10 years of commercial oil production on a low key as it is still struggling to translate its oil wealth into development gains.
Ghana: Transport Fares Go Up By 13%
Accra, Ghana//-Effective Saturday, June 5, road transport fares in Ghana will be increased by 13%. The new prices affect all forms of transport including Inter-city (trotro), Intercity (long distance) and shared taxis.
Minority: Withdrawal of ExxonMobil from Ghana a Clear Sign of Lack of Confidence in Akufo-Addo’s Gov’t
Accra, Ghana//-Minority MPs in Ghana’s Parliament today say the withdrawal of ExxonMobil from oil and gas industry is a clear sign of lack of confidence in the Akufo-Addo’s government.
Ghana: Deep Cracks In AOMCs As Indigenous OMCs Breakaway
Accra, Ghana//-Deep cracks have emerged in the 18-year old Association of Oil Marketing Companies (AOMCs), resulting in the breakaway of the indigenous OMCs to form a new bloc.
Renewable Energy Jumped Nearly 50% in 2020
Renewable power generation grew at the fastest rate for two decades in 2020 according to a new report from the International Energy Agency.
Carbon Prices Now Apply to Over a Fifth of Global Greenhouse Gases, $53b Revenue
Washington, US// — A total of 64 carbon pricing instruments are now in operation around the world, covering over 20% of global greenhouse gas emissions and generating $53 billion in revenue.
Overcoming Bankability Issues to Make Renewable Energy Feasible in Ethiopia
BonelliErede a leading international law firm, along with the RES4Africa Foundation, an organisation dedicated to promoting renewable energy in Africa, recently held a webinar which covered the management of bankability issues regarding renewable energy projects in Ethiopia with governmental counterparties.