Category: Oil And Gas
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Tougher days ahead for Ghana as oil prices decline globally
Ghana may be forced to review its revenue target for oil next year if the prices of the commodity on the world market continue to plunge. [contextly_sidebar id=”ufHXOB4AEslmRfZUUeji6UpcpLvcRlxY”]The price of a barrel of oil yesterday December 7th, 2015, fell below 40 dollars, the lowest since 2009. The price of West Texas crude sank to $37.65…
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Power barge connected to national grid – GRIDCO
The Ghana Grid Company (GRIDCO) has connected the power barge to the national grid. The connection, Citi Business News understands was completed a couple of days ago. Chief Executive of GRIDCO, Engineer William Amuna in a Citi Business News interview said his outfit is ready to feed into the national grid with power generated by…
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Scrap off capacity building component of oil expenditure – ACEP
The African Centre for Energy Policy (ACEP) has called for the scrapping off of the capacity building allocation component of oil revenue expenditure. The call follows what ACEP refers to as the government’s inability to disclose fully the specific sectors that benefit from the capacity building allocation of oil revenues. [contextly_sidebar id=”0v1ve7aLzVKT1sQHCAwZJr3X04OfjJP4″]The 2016 budget statement…
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Power barge to be connected to national grid in a week – GRIDCo
The power barge from Karpowership is to be connected to the national grid in about one week, according to the Ghana Grid Company Limited (GRIDCo). The barge, which sailed from Turkey, docked at the Tema Harbour on Saturday, and was inspected by a government delegation led by the Minister of Power, Kwabena Donkor. There have been suggestions that…
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Power barge sails from Takoradi; docks at Tema tomorrow
The much anticipated 225 Megawatts capacity power barge from Turkey, is finally in Ghanaian waters in the Western Region, and is being escorted to Tema. The barge , which is being towed at a speed of 5 nautical miles, is expected to arrive at Winneba today [Friday] at 6pm. It is expected to dock at…
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N-Gas has not cut gas supply to Ghana-WAPCo
The West African Gas Pipeline Company (WAPCo) has rejected reports that N – Gas has cut gas supply to Ghana. [contextly_sidebar id=”nQDoxE0QPJNx4V7ALz6EK0tdqg3Pbl74″]It follows earlier reports that N – Gas had cut gas supply to Ghana. According to the General Manager of WAPCo, Harriet Wereko Brobbey N – Gas continues to supply gas to them which…
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Power barge enters Ghanaian territorial waters tomorrow
Citi Business News has gathered that the first emergency 225 Mega Watts capacity power barge from Turkey which was originally scheduled to arrive on Friday morning will now arrive on Saturday morning November 28, 2015. [contextly_sidebar id=”AEmfbpx7sanagCwopkhMiGMFR5TtEURp”]The change in arrival Citi Business News has gathered follows the delay in documentation and routine formalities at the…
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Power barge to arrive on Friday, currently in Ivory Coast
Citi Business News has gathered that the first emergency 225 Mega Watts capacity power barge from Turkey is to set sail towards Ghana from Ivory Coast, today, 23rd November, 2015. [contextly_sidebar id=”y1nFgMhXSFc5wSdOhmQHcxzNqO5XOG8i”]The barge is expected to arrive in Ghana by Friday November 27, 2015. This comes after the Black Marlin a speed deck cargo ship…
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Cummins Cogeneration and WUTA energy to power Africa’s largest gas engine
Cummins Cogeneration Limited (CCL), headed up by Deepak Khilnani and WUTA Energy are set to commence the development of a 140MW gas-fired power plant. [contextly_sidebar id=”hs7mw1kaRqtG2w9nXxoSwv4b7MLy1ZKm”]Based in Beyin in the Western Region, the plant is the first phase of a 300MW Power Purchase Agreement to supply energy to the Ghanaian Grid, and once complete, it…
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Oil market dogged by supply glut
World oil prices declined on Tuesday, falling for the fifth straight session on long-running worries about a supply glut and a weak global economic outlook, dealers said. In midday deals in London, Brent North Sea crude for December dipped 16 cents to $47.35 a barrel. US benchmark West Texas Intermediate for delivery in December retreated…