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.
Category: Energy
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.
$700 Million GNPC Loan Facility In Danger
THREE opposition Members of Parliament (MPs) are lacing their boots to sue the Ghana National Petroleum Corporation (GNPC) for bypassing Parliament in securing a 700 million dollar loan facility from German bank, Deutsche Bank.
Energy Think-Tank Welcomes GNPC-GNGC Merger
ENERGY think-tank, the African Centre for Energy Policy (ACEP) has welcomed the announcement of the takeover of the Ghana National Gas Company by the Ghana National Petroleum Corporation (GNPC).
Kwabena Donkor Heads New Power Ministry
GHANA’S President John Dramani Mahama has nominated Dr. Kwabena Donkor, as Minister for a newly created Ministry of Power.