Energy News

Power sector issues and events related to electricity and sustainable energy.

Ghana: Minister Denies Withdrawal of Draft Petroleum Exploration Bill

BY FREDERICK ASIAMAH – Contrary to general knowledge among the Ghanaian public as well as civil society groups that the Petroleum (Exploration and Production) Bill, 2010 has been withdrawn from Parliament, Mr Inusah Fuseini, Deputy Minister of Energy, insist the Bill is still before Parliament. Last Tuesday, Mr. Fuseini vehemently opposed suggestions that the Bill...

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SA firm to build oil refinery in Ghana

South Africa’s Alpha Refinery is financing the construction of a $ 7 billion refinery at Atuabo in the Western Region to process crude from the Jubilee Fields, Executive Chairman, Melvyn Julie, said in Accra. The refinery will have a capacity to process 200,000 barrels of crude a day. “We have signed the Memorandum of...

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Indian engineering companies explore new business at Oil & Gas Africa

Many India Oil Exploration and companies have expressed major interest in establishing business at the sub-Saharan region where oil is recently seen as a major dominant factor of economy progression. In a press statement copied to Ghana Oil Info in sequence of the upcoming Oil and Gas Africa 2012 expo event, indicated that India’s...

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Ghana OMCs hope for full participation in oil sector

Some Oil Marketing Companies (OMCs) have said after one year of oil production in Ghana there is still no clear opportunity to fully participate in the budding industry.  The companies had high hopes prior to the oil production in Ghana and the opportunity to do business in the industry.  Industry players even predicted an...

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Pay outstanding electricity bills or face ejection – GAF

The Nine oil companies operating at the Takoradi Air-Force Base are to pay all outstanding electricity bills with immediate effect or face ejection from the base, the Chief of Air Staff of the Ghana Armed Forces, Air Vice-Marshal Michael Samson-Oje, has said. Air Vice-Marshal Samson Oje gave this directive in Takoradi on Tuesday at...

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Ghana to host gas forum

Government’s strategic plan to utilize the gas from the oil-producing Jubilee Field to boost industrialization and also minimize the detrimental environmental effects associated with gas would hit the spotlight at an international gas forum scheduled for February 15 and February 16 in Accra. The Ghana Gas Forum seeks to bring to the fore, key...

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Key political risks in the Gulf of Guinea

A stretch of West Africa’s coast spanning more than a dozen countries, the Gulf of Guinea is a growing source of oil, cocoa and metals for world markets. But rising rates of piracy, drug smuggling and political uncertainty in an area ravaged by civil wars and coups have made it a challenging area for...

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Aker Solutions wins Ghana contract

Aker Solutions has signed a frame agreement with Tullow Ghana Limited to provide well intervention services for the oil company’s Jubilee and Tano deepwater fields offshore Ghana, West Africa, Norway Post reported on 5 February. The initial contract period is for three years, with two additional one-year options (3+1+1). Aker Solutions estimates that the...

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Bad weather forces closure of Takoradi Airport

Authorities at the Airforce Station in Takoradi have on the advice of the Ghana Metrological Agency closed down the Takoradi Airport to flights due to poor visibility as a result of severe harmattan. The closure according to operators of domestic airlines is denying them huge revenue. The Takoradi Airport, which is now one of the...

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Jubilee partners launch exhibition for students

Jubilee partners, operators of the jubilee oilfields, on Thursday launched an exhibition in Kumasi to educate Senior High School (SHS) students on activities involved in the exploration, production and lifting of oil. The aim of the exhibition is to keep them adequately informed about what goes into the production of oil and the opportunities...

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Ghana bond sale tests foreign appetite in election year

LONDON (Reuters) - Foreign interest in a bond sale in Ghana this week is likely to be muted due to lingering concerns about currency volatility and nervousness ahead of elections due late this year, but local demand should ensure the auction is fully subscribed. Ghana's relative stability and developing oil industry have made it a favourite with foreign investors but currency weakness and ...

Indians keen to invest in Ghana's sugar, fertiliser industry

Accra (Ghana), Feb 22 (IANS) Indian investors are keen to invest as much as $36 million in Ghana's ailing sugar industry, Indian High Commissioner Rajinder Bhagat has said.

Ghana: Gargantuan Crimes, Hipocrisy And The Murdering

Is Our Democracy In Tatters? Hypocrisy is the most difficult and nerve-racking vice that any man can pursue. It needs an unceasing vigilance and a rare detachment of spirit. It cannot, like adultery or gluttony – be practiced at spare moments. It is a whole time job.

New oil discovered off Liberia and Sierra Leone coasts

Drillers converged on West African shores five years ago after one of the continent’s biggest oil fields was discovered off Ghana. read more

Ghana earned over $400m from oil export last year

President John Evans Atta Mills on Thursday disclosed that Ghana earned a total of $444,124,724 from the sale of Ghana Group’s oil lifting of 3,930,189 barrels of crude oil.

Ghana: Jubilee Fields Experiencing Problems, Production Target Can't Be Met

ACCRA, Ghana -(Dow Jones)- Oil and gas production activities in Ghana's Jubilee Fields, situated off-shore the country's western coast, have been hit by problems, and as a result the projected output target for this year can't be met, President John Atta Mills said Thursday.

Ghana c.bank hikes rates, cites euro zone

ACCRA (Reuters) - The Bank of Ghana's Monetary Policy Committee announced a one percentage point increase to 13.5 percent in its prime lending rate on Wednesday, the first hike in three years, citing risks from the euro zone debt crisis and currency volatility. The decision surprised some analysts who had expected tame inflation to prompt the central bank to keep rates on hold until later in the ...

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