Power sector issues and events related to electricity and sustainable energy.
February Feb 8 (Reuters) – Ghana’s government has proposed a 20 percent reduction in fuel price hikes after labour unions threatened to go on strike, but the National Petroleum Authority has not yet signed off on the move, officials said. In December Ghana announced a cut in fuel subsidies following an increase in crude...
Ghana, which became Africa’s newest oil exporter in 2010, will boost crude output more than fivefold in the next five years as new wells come on stream, according to Deputy Minister of Finance and Economic Planning Fifi Kwetey. Production will rise to 500,000 barrels a day, Kwetey said today at a conference in Accra,...
BY CHIKA AMANZE-NWACHUKU, This Day –Drastic reduction in gas supply from Nigeria through the West African Gas Pipeline Project (WAGPP) has forced the Electricity Company of Ghana (ECG) to resort to load management in various parts of the country, pending when normalcy would return. The WAGPP was initiated by the Federal Government with governments...
By Benjamin Chiou, London (SHARECAST) – FTSE 250 oil and gas companyAfren has announced that Eni Ghana has started drilling the Nunya-1X exploration well on the Keta black, offshore Ghana, in which it owns a 35% interest. The Nyunga prospect is a “four-way dip closed structure with a primary reservoir target comprising Upper Cretaceous deep-marine fan...
Paris, France –Technip was awarded by Tullow Ghana Limited two contracts, worth approximately EUR100 million, for the Phase 1A of the Jubilee project. The Jubilee field is located offshore Ghana at a water depth of 1,300 meters. These contracts cover full project management, engineering, fabrication and installation of a new flexible riser(1), two rigid flowlines(2) and...
By Barry O’Halloran - TULLOW OIL has been given permission for the sale of a $2.9 billion stake in its Ugandan oilfield to two multinational players.vThe Irish exploration company has agreed to sell two-thirds of its interests in oilfields in Uganda’s Lake Albert Rift Basin for $2.9 billion to French giant Total and Chinese multinational...
Investors will gather in Accra from February 7-8, 2012 to hear why Ghana provides an alternative attraction for global capital and foreign direct investment (FDI) amid a developed world of uncertainty and sluggish growth. A joint collaboration between the Ministry of Finance and Euro-money Conferences — a world-leading organiser of conferences for cross-border investment...
Norwegian firm, Aker Solutions says February 3, 2012 it has signed a frame agreement with Tullow Ghana Limited to provide well intervention services for Ghana’s Jubilee and Tano deepwater oil fields offshore Ghana. Under the agreement, Aker which has delivered well services to the country’s Jubilee field since 2008 said it “will provide slickline...
A delegation from the Ghana Oil Company (GOIL), Accra, Ghana visited Emirates General Petroleum Corporation (Emarat), at its headquarters in Dubai, to examine the possibility of obtaining lubricants and related products from Emarat. GOIL is an oil company of Ghana with majority shares owned by the Govt. of Ghana. The company operates in the...
Ghana’s economy will outpace its Nigerian and Kenyan peers this year and next, even though growth is expected to slow from 2011 when the country’s first oil fueled a boom in output, a Reuters poll showed on Tuesday. The West African nation, already a large gold and cocoa producer, started pumping oil from its...
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