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Oil And Gas

Buipe Petroleum Storage Depot shut-down

The Buipe Petroleum Storage Depot has been temporarily shut-down for routine maintenance. Depot Manager, Fred Ayarkwa explained that the exercise was in line with a nationwide upgrading system. He anticipated that operations will resume by the end of September 2014. The Buipe Petroleum Storage Depot has two pumping stations with a booster station at Savelugu. The Savelugu booster station facilitates ...

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Removal of fuel subsidy cause of 23% increment – NPA

The National Petroleum Authority (NPA) has attributed the 23% increment in petroleum prices to the removal of the fuel subsidies, the prices of crude oil on the international market and the depreciation of the Ghana cedi. The Public Relations Officer of the Authority, Yaro Kasambata on the Citi Breakfast Show said since the government is no longer subsidizing the price ...

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Power grid will be set up in West Africa – Mahama

National Electricity Companies in West Africa are seeking to establish a reliable power grid for the West African sub-region. The cooperation, dubbed the ‘West African Power Pool’ will see the establishment of a plant in Ghana to generate about 450 megawatts of power to some selected West African countries. President John Mahama who revealed this when the President of Sierra ...

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Ghana is ready for solar energy – GTUC

Dr Agyenim Boateng, Dean of Graduate School, Ghana Technology University (GTUC) says the nation could go for solar energy if it musters the political will and put in place right research investment and capacity building for local people. He observed that in the light of the country’s abundance sunshine, it has the potential to develop and use of solar power, ...

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China pledges support for Ghana’s energy sector

The Chinese Ambassador to Ghana, Sun Baohong has pledged China’s unflinching support for Ghana in her quest to generate adequate electricity to power the nation and accelerate economic growth. According to her, the government of Ghana’s target of achieving 10% renewable component of its electricity generation by 2020 will receive the full support of her country through capacity building on ...

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Ghana, others win renewable energy funding

Nine African countries, including Ghana, have been chosen to receive funding and operational support from the Climate Investment Fund’s (CIF) Scaling-up Renewable Energy in Low Income Countries Programme (SREP). In their final decision, the SREP sub-committee agreed that it will provide up to US$300,000 for each country to undertake development of an SREP investment plan. The countries were selected at ...

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Energy minister directs TOR to ‘get back on track’

The Minister Energy and Petroleum, Emmanuel Armah Kofi Buah, has directed the Tema Oil refinery (TOR), to revert to its core mandate of refining crude oil to meet current demands. TOR, a state owned oil refinery has over the years been saddled with debts, and operational inefficiencies leading to low production capacity. Speaking at the inauguration of its new board, Minister ...

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Africa must develop hydro power – Kufuor

Former President John Agyekum Kufuor has said African states should take urgent steps to develop the Grand Inga Hydroelectric Project on the Congo River in the Democratic Republic of Congo to generate environmentally friendly but cheap and sustained power.He said Africa, under the auspices of the New Partnership for Africa’s Development (NEPAD), should team up with the international community to ...

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Sole Commissioner wants UK court judgement on GNPC-SG case

Justice Yaw Apau, Sole Commissioner of the Judgement Debt Commission, on Monday directed Ghana National Petroleum Corporation (GNPC) to procure a copy UK High Court judgement and proceedings involving it and Societe General. The Commission had asked for the judgement but the GNPC could not produce it at the Commission’s sitting Monday, but Justice Apau suggested that since the Corporation ...

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NPA suspends 20% fuel price increment

Ghanaians will be spared of the imminent increase in fuel prices on July 1, 2014. This is because the National Petroleum Authority (NPA) has maintained the prices in its latest price review despite earlier indications of a 20% increase. Officials of the NPA, the Chamber of the Bulk Oil Distribution Companies and other stakeholders met this weekend to deliberate on ...

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