GHANA’S companies sold fewer products overseas for the period January to September,2014 but the trade deficit narrowed because of a big decline in gold and crude oil imports.
Category: Oil & Gas
Minority Piles Pressure On NPA To Reduce Fuel Prices
GHANA’S Deputy Minority Leader in Parliament, Dominic Nitiwul is leading a crusade for government to reduce fuel prices drastically, as crude oil prices on the international market hit a four-year low. The Bimbilla Member of Parliament (MP) is of the opinion that the prices of fuel must be reduced to meet the realities on the […]
Row Over $700m Loan: GNPC Seeks Refuge In JJ’s Law
THE decision by the state owned Ghana National Petroleum Corporation (GNPC), led by Mr. Alex Mould, to borrow a whopping $700 from the European capital market, precisely Deutshe Bank of Germany, to support oil and gas infrastructure continues to raise eyebrows.
$700m Loan: GNPC And Parliament Fight Deepens
THE Ghana National Petroleum Corporation (GNPC) has defended its decision to secure a $700 million loan facility from the Deutshe Bank of Germany.
Gas Flows To Atuabo Gas Processing Plant
AT long last! Gas today flowed from the FPSO Kwame Nkrumah to the Atuabo Gas Processing Plant (GPP) despite concerns raised by the Energy Commission and the Wood Group.
Gas Fires: NPA Intensifies Public Education On LPG Usage
THE National Petroleum Authority (NPA), a regulator of the petroleum downstream industry in Ghana yesterday took its annual Consumer Week Celebration to Obra Spot, Kwame Nkrumah Circle, to educate Ghanaians, especially lorry drivers, on the usage of Liquefied petroleum gas (LPG) in the country.
Ghana Remains Clueless As $9.35Bn Oil Cash In Foreign Hands
THE initial hopes of Ghanaians that the discovery and exploration of oil in the Cape Three Points Basin will signal a turnaround of the country’s deplorable economic condition is gradually becoming a mirage.
East Africa To Become New World-Class Energy Player
EAST Africa is undergoing a major transformation to become a new world-class player on the energy market. By 2025, East Africa is expected to experience an incremental production growth of nearly 1 million barrels per day (b/d), led by Mozambique and Tanzania.
FMC Technologies Boosts Local Content In Ghana’s Oil Industry
FMC Technologies, Inc., a leading global provider of technology solutions for the energy industry has announced the award of a sub-contract to fabricate subsea equipment to Harlequin International Ghana Limited.
Transforming Africa’s Energy Sector Demands New Approach
THE global energy industry is undergoing a seismic shift, in part driven by development of new, unconventional sources of energy, such as shale gas, tight oils, coal seam gas and oil sands.