Accra, October 31, 2017//-The Government of Ghana in December 2015, introduced the Energy Sector Levies Bill to Parliament with the aim of raking in some additional revenues downstream from petroleum consumers, notable among these new taxes was the introduction of the Energy Debt Recovery Levy whose main purpose was to generate some funds from consumers […]
Category: Energy
Blue Ocean Investments Supports Community Festival
New Takoradi, Ghana, 30th October, 2017 –Blue Ocean Investments Limited, the second largest bulk distribution company (BDC) of fuels in Ghana, showed its solidarity with the New Takoradi community by donating to support this year’s celebration of the Kundum festival.
China’s Recovery Pushes Energy Prices Up
Accra, Ghana, October 30, 2017//-China’s economic recovery is pushing prices of energy commodities up.
VRA, ECG Not Aware of MoU Exempting Krobos from Paying Bills
Accra, October 30, 2017//-The Electricity Company of Ghana (ECG) and Volta River Authority (VRA) say they do not have in their custody any official document exempting the people on Krobo land from paying electricity bills.
Commodity Prices Likely to Rise Further in 2018
Washington, USA, October 28, 2017 – Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing U.S. shale oil production, while the surge in metals prices is expected to level off next year, the World […]
PEG Africa Connects 500,000 Underserved Off-grid Consumers to Power
October 27, 2017 – PEG Africa, the leading off-grid solar company in West Africa, has successfully raised US$13.5 million through a combination of debt and a Series B equity financing.
Tullow Oil Hit by Another botched African Oil Project
October 27, 2017//-Tullow Oil Plc, a leading independent oil & gas, exploration and production group, quoted on the London, Irish and Ghanaian stock exchanges has abandoned an ambitious oil project off the coast of Suriname after the company failed to make an economic discovery.
Energy Special Report: African Governments Scramble for Gas
October 26, 2017//-Amid the flash of cameras and the bustle of an excitable Maputo press pack, Mozambican President Filipe Nyusi and ENI chief executive Claudio Descalzi announced the completion of a deal which they believe will overhaul the economy of the Southern African nation.
Energy Special Report: Is this the end of the road for OPEC?
October 26, 2017//-When the Organisation of the Petroleum Exporting Countries (OPEC) finally reached a deal to cut oil output by 1.2m barrels per day (bpd) oil prices immediately surged.
Programmed to ‘cheat’: Error-Ridden ECG Prepaid Meters Ripping-off Consumers
Accra, October 26, 2017//-A supposed technical error in the prepaid billing system of the Electricity Company of Ghana (ECG) is shortchanging power consumers in the country on their blind side.