Category: Oil And Gas
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Ghana’s TEN oil project passes halfway stage
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,…
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AGI to hold a 3-day seminar with Power Minister
The Association of Ghana Industries (AGI) will be meeting the Power Ministry over the weekend to review the ongoing load-shedding exercise. [contextly_sidebar id=”7EELjrDxCg7QKHDMTUm2SJgh2wLRryzE”]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…
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Italian company to generate hydro power in Volta Region
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…
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Ghana to sign major energy deal with GE
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. [contextly_sidebar id=”gHiJJMUhappBCumZoDs6aozJbWo7IQNf”]The $1 billion project…
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VRA to use coal to generate power
The Volta River Authority (VRA) is considering using coal to generate power to augment the current energy capacity. [contextly_sidebar id=”6r5y4OW9rzjJI73lmIKQUlrPIJPiOtBE”]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…
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Rejoinder: Ghana Gas awaits VRA – Kwesi Botchway
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…
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Gov’t considers hedging oil prices
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…
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Debt Collection C’ttee very necessary – ECG to ACEP
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,”…
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Germany to help Ghana end ‘dumsor’
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…
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Ghana leads search for vessel carrying stolen crude
Ghana’s Navy is leading an international force in search of a vessel suspected to be carrying stolen cargo from the ship hijacked by Nigerian Pirates. [contextly_sidebar id=”lh27XyJDwHjzgjeMijZ8ELNocYQ6tZnF”]Ghanaian Security Services believe that the pirates managed to transfer the ship’s cargo into another vessel prior to their arrest. Eight Nigerian pirates were arrested on Sunday by the Eastern…