Category: Oil And Gas
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Eni Ghana and OCTP partners join NBSSI to support SMEs in Ellembelle
Eni Ghana, on behalf of its OCTP partners Vitol and GNPC, has signed a cooperation agreement with the National Board for Small Scale Industries (NBSSI) to support Micro, Small and Medium Enterprises (MSMEs) in the Ellembelle District in the Western Region. Under the agreement, 800 MSMEs will get entrepreneurship, financial literacy and technical skills training.…
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Covid-19: Kosmos Energy supports correctional institutions, families with $50,000
Leading Oil and Gas giant, Kosmos Energy Ghana has donated food relief and medical supplies valued at US$50,000 to three correctional institutions and 400 families at a ceremony in Accra. The institutions are the James Camp Prisons, Senior Correctional Centre and Light Outreach Orphanage. The donation is aimed at easing the unexpected pressures brought about…
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Ghana made $5.2 billion oil cash from 2011 to 2020 – Natural Resource Governance Institute
A recent report by the Natural Resource Governance Institute has revealed that Ghana has so far made 5.2 billion US dollars from the sale of crude oil. The report indicated that the amount realized was from the sale of 73 cargos of oil by the Ghana National Petroleum Corporation (GNPC). The report titled “Ghana’s Oil…
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Group celebrates Chibeze Ezekiel for winning the Goldman Environmental prize
Renewable Energy activist, Chibeze Ezekiel has said that he will not relent in his pursuit to ensure that government puts a decisive end to unsustainable practices and invest more, provide the necessary incentives and enabling environment towards upscaling renewables in attaining the objectives of Ghana’s Renewable Energy Master Plan. According to him, a fair green economy…
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Privatise TOR if you can’t manage it – Energy consultant to government
Energy Consultant, Dr Yussif Sulemana, says government ought to consider privatizing the Tema Oil Refinery (TOR) in order to keep the entity operational. But Dr. Sulemana says, for such an entity that can play a major role in ensuring the country is energy efficiency, all options must be considered to make it fully functional. He…
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COPEC predicts 5% increase in fuel prices
The Chamber of Petroleum Consumers (COPEC) is predicting an increase in prices of fuel in Ghana in the coming days. COPEC believes the increment is likely to be seen in the second pricing window in December 2020. The Chamber indicated that the slight depreciation of the cedi among other things is a reason for this…
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Fuel prices to go up between 3% – 5% – IES predicts
The Institute for Energy Security, IES, is predicting a 3% – 5% increase in both petrol and diesel prices at the pumps within the first 2 weeks of December, which makes up the first pricing window of the month. The energy think tank attributes the expected jump in fuel prices to a number of factors…
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Energy Ministry begins community engagement for 20,000-acre petroleum hub
The Ministry of Energy has begun community engagement for the acquisition of 20,000-acre plot of land for the Petroleum Hub to be situated at Bonyere in the Jomoro Municipality. Technical Advisor for the proposed 12-year Petroleum Hub Development project, Dr. Eric Yeboah, says the hub is expected to attract about 60 billion worth of investment…
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Ghana cannot be energy sufficient without a working refinery – Energy consultant
Energy Consultant, Dr Yussif Sulemana, says in order for Ghana have energy security it must begin processing its own crude oil. Speaking to Citi Business News, on the sidelines of a workshop organized the Chamber of Petroleum Consumers (COPEC) on the country’s energy sector, Dr Sulemana said the country cannot have secured and reliable energy without…
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Debt owed Ghana Gas nears $1 billion – PIAC report
The cumulative indebtedness to the Ghana National Gas Company (GNGC) is almost a billion dollars according to the Public Interest and Accountability Committee’s (PIAC) half-year report for 2020. PIAC has warned that the debt which is currently $942,260,510 has reached an unsustainable level. The Committee noted that companies Ghana Gas provides gas to have failed…