Power sector issues and events related to electricity and sustainable energy.
Oil surged to a 32-month high on Friday above $126 a barrel on concerns about long-term supply cuts, while expectations of more interest rate hikes in Europe drove the euro to a 15-month peak against the U.S. dollar. Gold rose to a record high for a fourth straight day as commodities gained broadly on...
Tullow oil is today expected to lift its third consignment of crude oil from the Jubilee field. The transfer of the almost 1 million barrels from the FPSO Kwame Nkrumah is expected to take almost a day. The consignment which is jointly owned by the EO Group would be marketed by bulk oil trading...
Government has reached an agreement with the Ghana Commercial Bank on a significant settlement of debts owed it by the Tema Oil Refinery. It involves a government guarantee to pay about 90 percent of the estimated 650 million Ghana cedis outstanding. The Managing Director of GCB, Mr Simon Dornoo, confirmed to Joy Business, the...
The first meetings of Third Session of the Fifth Parliament of the Fourth Republic of Ghana ended yesterday after an eleven intense work schedule. The 230-member legislators during the meetings, dealt with six important bill including the Petroleum Revenue Management, Petroleum Commission Bill, Public Health Bills and the National Health Insurance Amendment Bill. These also...
Government has cleared the remaining GH¢572 million debt owed by the Tema Oil Refinery to the Ghana Commercial Bank. The Board Chairman of the Bank, Prince Kojo Thompson, who made this known at the bank’s Annual General Meeting, told shareholders that although the debt had a toll on the bank’s performance, it was not...
As officials of the ruling National Democratic Congress (NDC) continue to boast of the Mills administration’s ability to contract billions of dollars as loans from China, it would be mindboggling if Ghanaians were told the cost or negative effect of the amounts being sought from the world’s most populous country. Daily Guide has seen...
Tullow Oil says it has made a discovery at its licence in offshore Ghana, revealing oil, gas and gas condensate. The find was made at the Teak-2 exploration well in the West Cape Three Points licence, in which Tullow has a 22.896 per cent interest, and included 27 metres of net hydrocarbon bearing Campanian and...
Ghana Oil Company Ltd., the West African nation’s second-biggest operator of gas stations, plans to expand its fuel operations for shipping as the country begins to export crude, Bloomberg news reports the Managing Director Yaw Agyemang-Duah as saying. Bunkering, as the process of supplying a ship with fuel is known, may contribute “more than...
Anadarko Petroleum Corp. said Monday it has discovered oil in a deepwater exploration well off the coast of Ghana. The Teak-2 well, which was drilled in 2,900 feet of water to a total depth of 11,185 feet, encountered about 90 net feet of high-quality oil, condensate and natural gas. Houston-based Anadarko said it will preserve...
Mr Pryce Kojo Thompson, Board Chairman of the Ghana Commercial Bank, on Monday disclosed that Government has paid the remaining GH¢ 572 million owed to the bank by the Tema Oil Refinery (TOR). Addressing shareholders at the annual general meeting of the Bank in Accra, Mr Thompson said the money had placed the bank...
Have Your Say