THE commissioning schedule of the gas infrastructure project by the Ghana National Gas Company (GNGC) has been interrupted.
Category: Oil & Gas
Falling Oil Price Poses New Threat To Banks
THE world’s big banks would like to draw a line under their recent troubles. The losses from the financial crisis, the costs of regulatory change and the fines from mis-selling and market manipulation scandals appear largely in the past.
NIC Directs Ghana Gas Business Into Common Pool
THE National Insurance Commission (NIC) has directed the four insurance companies that secured the deal to provide assets all risk insurance cover for the Ghana Gas Infrastructure project to share the business among all the 24 general insurance businesses through the Ghana Oil and Gas Insurance Pool (GOGIP) — a consortium formed by the country’s […]
Atuabo Gas Is ‘No Game Changer’
IF the coming on-stream of Atuabo gas, which President Mahama called “the game-changer”, was meant to assure Ghanaians of improved power supply, it has done the opposite; and sector managers now say it was not meant to increase generation.
The Oil Price Crush And Oil Frontiers: The Stakes And The Escape Strategy For Ghana
THE black gold is under severe pressure which has been blamed on several factors including increasing US domestic oil production, increasing shale production, Saudi’s strategy to maintain its market share, and low demand for oil in the Euro Zone and Asia. Oil prices have crushed as a result, reported at a five year low of […]
‘Nigeria May Be Losing $24.17 Billion Monthly To Falling Oil Prices’
NIGERIA may lose an about $24.17 billion (N4 trillion) within the next one year if crude oil prices fail to rebound.
Moody’s Lowers Price Expectations For Benchmark Crude Oils
THE steep drop in oil prices since the middle of this year has led Moody’s Investors Service to lower its pricing assumptions for the two benchmark crude oils, European Brent and West Texas Intermediate (WTI), by $10 in 2015 and $5 in 2016, the rating agency said today.
Ghana: Italian Firm Gets Green Light To Develop Gas Project
GHANA’S government has given Italian energy firm Eni the final green light to develop gas resources in the Offshore Cape Three Points block. The company is expected to begin production in 2017, it said on Monday.
$700 Million GNPC Loan Facility In Danger
THREE opposition Members of Parliament (MPs) are lacing their boots to sue the Ghana National Petroleum Corporation (GNPC) for bypassing Parliament in securing a 700 million dollar loan facility from German bank, Deutsche Bank.
Energy Think-Tank Welcomes GNPC-GNGC Merger
ENERGY think-tank, the African Centre for Energy Policy (ACEP) has welcomed the announcement of the takeover of the Ghana National Gas Company by the Ghana National Petroleum Corporation (GNPC).