Category: Oil And Gas
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Ag NPA CEO makes reducing sulphur content for diesel a priority
The Acting Chief Executive Officer of the National Petroleum Authority (NPA), Hassan Tampuli has vowed to review the standards of sulphur content in fuel imported to Ghana. He argues that the move will reduce the risk of fuel damage to the environment and the public. “Key among some of the things that we wish to do…
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Ghana rakes in US$114.4m from oil by June 2016
Figures published by the Bank of Ghana have shown that Ghana raked in a total of US$ 114,400,610.40 in the first half of 2016 from the thirtieth, thirty first and thirty second crude oil liftings. Per the amount, US$2,772,660.23 million and US$ 6,469,540.76 million were allocated into the Ghana Heritage Fund and the Ghana Stabilization…
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Dr Ben Asante appointed caretaker CEO of Ghana Gas
Renowned Engineer, Dr Ben K. D Asante has been appointed as the Caretaker Chief Executive Officer (CEO) of the Ghana National Gas Company (Ghana Gas). His caretaker position means he will act as the CEO of Ghana Gas until a substantive one is approved. Under his acting role he is also not permitted to take…
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AGI renews call for long term solution to load shedding
Following the official commencement of work by the Energy Minister, Boakye Agyarko, the Association of Ghana Industries (AGI) is advocating that the medium to a long-term strategic plan to correct the country’s power challenges is implemented. “We must make sure that particularly we can look beyond that short-term solution to our energy challenges. This time…
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TOR explosion not to affect supplies – Acting CEO
The Acting CEO of the Tema Oil Refinery (TOR), Isaac Osei has allayed concerns over any significant impact on supplies of petroleum products following the suspension of works at the refinery. According to him, there is enough buffer to cater for a potential drop in supply of petroleum products. “The production in the meantime will…
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Shutdown of Ghana Gas will not cause dumsor- ECG
The Volta River Authority(VRA), GRIDCo and the Electricity Company of Ghana(ECG) have assured that the planned shutdown of the Ghana Gas Company will not result in power crisis, popularly called dumsor. According to the power companies, there are plans to generate additional power from the Akosombo and Kpong hydroelectric plants, to supplement for the 230MW that…
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We’ll reduce energy sector levies – Boakye Agyarko
The Energy Minister Nominee for Energy, Boakye Agyarko has announced an ambitious plan by the NPP government to reduce the taxes on the energy sector even as it initiates plans to address challenges facing the country’s power sector. As a result, the government says it will revise the energy sector levies. Mr. Agyarko who believes…
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CEO of Ghana Gas quits
Dr. George Sipa-Adjah Yankey, CEO of the Ghana National Gas Company (Ghana Gas), is set to proceed on terminal leave, a press release has stated. According to the statement, “the Board of the Company last week approved a request by the CEO to proceed on terminal leave, effective February 1, 2017, and terminating in May…
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Adequate information given on gas cut from Jubilee
The Ghana Gas Company has stated that adequate information has been dispatched to appropriate authorities to help plan for alternative gas supply in powering the nation’s thermal plants to avert a power crisis. This follows announcement by Tullow Ghana Limited, operators of the Jubilee oil and gas field to commence a 15-day shutdown from February…
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We’re not influencing market negatively – GOIL
Ghanaian owned oil Marketing Company, GOIL, has rejected assertions that its decision to maintain prices of petroleum products for the second pricing window in January is a deliberate attempt to distort pricing in the petroleum downstream sector. According to some industry observers, the move defeats the primary purpose of the downstream petroleum price deregulation regime.…