Ghana’s President John Mahama is expected to turn the valves of the FPSO John Evans Atta Mills to mark commercial production of oil from the Tweneboa, Enyenre and Ntomme (TEN) oilfield.
Category: Energy
Partisan Petroleum Price & Subsidies Debates Taking a Bow?
Over a year after the application of the Prescribed Petroleum Pricing Formula (PPPF) in the petroleum downstream sector, the litany of heated partisan political debates over fuel subsidies and prices on Ghana’s airwaves and in the social media seems to be taking a bow.
Oil and Ghana’s Muddy Pre-election Macroeconomic Picture
Ghana is preparing to ramp up oil and gas production when the TEN and Sankofa Gye-Nyame fields come on stream later this year and next year respectively.
Ghana Grants Pressure Tech Engineering Operating Permit
Pressure Tech Engineering Limited, a Ghanaian Petroleum Engineering Company has been granted permit by the Petroleum Commission, Ghana to undertake upstream petroleum services in Lifting Inspection, Calibration & Equipment and material supply services, including a hydraulic torque wrench service.
Rigworld Supports Christ Faith Foster Home
The Rigworld Group (Rigworld, Pressure Tech Engineering, Transatlantic Services, Trans-Atlantic Farms, etc.), has donated assorted items and cash worth GH₵ 10,000.00 to the Christ Faith Foster Home in Frafraha located in the outskirt of Adenta.
OPIC, Liberian Bank Sign Commitment to Support Key Sectors
The Overseas Private Investment Corporation, the U.S. Government’s development finance institution, today signed a commitment letter for a $20 million direct loan to International Bank Liberia Limited (IBLL) to support lending in sectors such as construction, services, manufacturing, agribusiness, hospitality, and transportation.
VRA Owes Ghana Gas $350M
The Volta River Authority (VRA) is indebted to the Ghana Gas Company to the tune of over US$350 million for the supply of lean gas for power generation, Dr. George Ajah-Sipa Yankey, the Chief Executive Officer (CEO) of the Ghana National Gas Company (GNGC), has said.
ACEP Welcomes the Release of Final Rules by the US SEC
The Africa Centre for Energy Policy (ACEP), a leading energy think-tank in Africa has welcomed the release of final rules by the US Securities and Exchange Commission (SEC) for the implementation of Dodd Frank Section 1504, which require oil, gas and mining companies to disclose payments made to governments of resource host countries.
GNPC Overspends 2015 Budgetary Allocation
The 2015 Public Interest and Accountability Committee Report on Petroleum Revenue Management, has cited the Ghana National Petroleum Corporation, GNPC, as overspending its budgetary allocation for 2015 by 49%.
Mainstream Renewable Power Accesses Africa Clean Energy Equity Fund
Global renewable energy developer Mainstream Renewable Power has signed $117.5m equity investment from investors including IFC, the IFC African, Latin American and Caribbean Fund (ALAC) and the IFC Catalyst Fund, two funds managed by IFC Asset Management Company, Ascension Investment Management and Sanlam to accelerate the build-out of megawatts of wind and solar plants across […]