Ghana’s Oil Marketing Companies (OMCs) have further reduced their prices of petroleum products in line with the sector’s full price deregulation.
Category: Energy
Can the Poor Survive in Oil-Rich Uganda?
Since 2006, Uganda has discovered about 6.5 billion barrels of crude oil from just 20 percent of its petroleum fields in the Albertine region, making the country’s crude fields the third-largest by reserves in sub-Saharan Africa.
Can Africa Tap Into The ‘Church Economy’?
Africa is a hotbed of church activities from worshipping to fund-raising. In the past, the church was seen as a charitable venture which was not supposed to embark on profit-making business.
Scatec Solar to build first large scale solar plant in West Africa
An historic agreement to Build-Own-and Operate West Africa’s first utility-scale solar power plant was signed here today by Norwegian company Scatec Solar and its partners, the Malian Ministry of Energy and Water and Electricité du Mali (EDM), the electricity utility of Mali.
Why ‘powered’ Africa is key to its economic transformation
History teaches us that Africa will not be able to lift people out of poverty, substantially improve well-being, and reduce inequalities, if it cannot sustainably power itself.
Restoration of gas from Jubilee field to take longer than expected
Ghanaians may have to endure the ongoing load shedding exercise a little while as the Tullow Oil plc, the operator of the Jubilee field is uncertain when they will restore gas to the Ghana National Ghana Company.
Former Minister Punches Gov’t Oil Hedging
The former Minister of Finance, Dr. KwabenaDufuor has expressed displeasure with the government for the discontinuation of Ghana’s oil hedging program initiated in 2010.
NGO Appeals to Kofi Annan to Intervene in Passage of Oil Bill
Ghana Institute of Governance and Security (GIGS), a leading Non-governmental Organisation (NGO) has appealed to the former Secretary General of the United Nations (UN), Kofi Annan, as a matter of urgency to advise the government to withdraw the Petroleum Exploration and Production Bill 2014 from Parliament to save the country from the unprecedented economic robbery […]
Stolen Saltpond Offshore crude intercepted in German waters
The International Police in Germany has intercepted an oil tanker, MT Ceilo Di Milano, that was carrying stolen crude from Saltpond Offshore Producing Company Limited (SOPCL).
Elumelu Calls for an End to Energy Poverty
African businessman and philanthropist Tony Elumelu who is the Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation joined African economic and political leaders today in Abidjan to call for an end to energy poverty on the continent. The leaders came together in Abidjan under the umbrella of the African Energy Leaders Group (AELG).