Accra, Ghana
36°C

GSE Feed

Forex Rate

Oil And Gas

Oteng Adjei named GNPC board chairman

Former Energy Minister, Dr Joe Oteng Adjei has been appointed as the board chairman of the Ghana National Petroleum Corporation (GNPC). He was Minister for Energy in 2009 and later appointed the Minister of Environment, Science and Technology in 2013. The former Minister recently come under public criticism for using monies meant for rural electrification project to buy luxurious vehicles. ...

Read More »

Ghana’s TEN oil project passes halfway stage

The TEN Project FPSO under construction in Singapore.

Ghana’s second major oil development, the Tullow Oil-led TEN Project successfully passed the 50% overall completion stage last week. The project, which is developing the Tweneboa, Enyenra and Ntomme (TEN) oil fields off the coast of Ghana’s Western Region, is on track for First Oil in mid-2016. The floating production, storage and offloading (FPSO) vessel, which will receive and store ...

Read More »

AGI to hold a 3-day seminar with Power Minister

James Asare Agyei, AGI boss

The Association of Ghana Industries (AGI) will be meeting the Power Ministry over the weekend to review the ongoing load-shedding exercise. The three-day conference follows complaints by the Association on the failure of the Electricity Company of Ghana (ECG) to strictly adhere to the load-shedding time table. On December 1, 2014, ECG extended the load-shedding exercise to all industrial enclaves ...

Read More »

Italian company to generate hydro power in Volta Region

togbui-afede-2-440x330

The Paramount Chief of Asogli, Togbe Afede XIV in partnership with renewable energy experts from Italy have began exploring the prospects of generating electricity from the water bodies in the Volta Region. Togbe Afede who is also the co-founder of of the Sunon Asogli Power Plant, a power generating company said, the move is to boost the current energy capacity of the country. According to ...

Read More »

Ghana to sign major energy deal with GE

Mahama-620x330

Ghana will today sign a deal with American energy giant, General Electric (G.E) for the production of the single largest power source in the history of the country. The Ghana 1000 megawatt project, which is a gas powered thermal plant is expected to be completed over the next five years. The $1 billion project will have its first phase add ...

Read More »

VRA to use coal to generate power

coal

The Volta River Authority (VRA) is considering using coal to generate power to augment the current energy capacity. In view of this, the VRA has signed an MOU with China’s Shenzen Energy Group to commence work on the coal plant in the western region. Ghana presently has a power demand of about 2,000 megawatts but a current shortfall in generation ...

Read More »

Rejoinder:  Ghana Gas awaits VRA – Kwesi Botchway

VRA

We refer to the article on Ghanaweb Website with the above caption, indicating that Ghana gas is waiting for VRA to bring up all its plants so that Ghana gas can increase production to 120 million standard cubic feet per day. Currently, all units at the VRA’s T1 and T3 plants are running on gas supply from Ghana Gas Company ...

Read More »

Gov’t considers hedging oil prices

industry-oil-and-gas

The Finance Minister, Seth Terkper has revealed that government has begun discussions over a new hedging policy. In 2014, government announced its intentions to hedge but the move received stiff opposition from energy analysts and some opposition elements. Per the hedging program, crude oil prices will be fixed at a particular figure over a period of time to contain any price hikes ...

Read More »

Debt Collection C’ttee very necessary – ECG to ACEP

ecg-620x300

The Electricity Company of Ghana (ECG) has the establishment of  a committee to oversee the collection of unpaid bills owed by consumers. “It is a clear directive backed by the government for us to do that and this is more efficient than what we used to have – the normal team. It’s not the same,” said the Public Relations Officer ...

Read More »

Germany to help Ghana end ‘dumsor’

mahama-and-german-chancellor-2-620x330

Germany has pledged massive support for Ghana’s energy and education sector, a way of fostering bilateral ties between the two countries. German Chancellor, Angela Merkel revealed this after holding a closed-door talks with visiting Ghanaian President John Dramani Mahama. According to her, the two key areas were part of the broader issues touched on during their discussions and the need ...

Read More »
Citi Business News