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.
Category: Energy
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 […]
Ghana Electrometer Eyes West Africa’s Utilities Market
GHANA Electrometer (GEM), the nation’s sole provider of quality credit and pre-paid meters has announced plans to expand its operations into the West African sub-region starting from Sierra Leone and Liberia next year.
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.
Access Power To Develop Uganda’s First Solar Power Plant
Access Power MEA (Access), a power project developer focused on the Middle East and Africa, has been awarded the contract to develop Uganda’s first solar power plant.
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.
Ghana: VRA To Start Using Jubilee Gas By End Of Dec
THE Volta River Authority (VRA) has said that it will be able to receive and utilize the full volume of gas produced from the Jubilee Field when TICO thermal plants in Takoradi become operational by close of the year.
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.