Category: Oil And Gas
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Tullow oil production at Jubilee south east surpasses 100,000 barrels
Tullow Oil has revealed that gross production from its Jubilee South East project has surpassed 100,000 oil-barrels a day after a second well was brought onstream. The oil-and-gas company said both wells at the project located offshore Ghana are performing in line with expectations and have increased production rates by around 50% compared with the…
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Trade Minister satisfied with works at Sentuo Oil Refinery
The Minister of Trade and Industry, KT Hammond has paid a working visit to the Sentuo Oil Refinery Ltd. (SORL), touting the project as a good prospect to see to an end Ghana’s refinery problems. The project which is in accordance with government’s “One District One Factory” (1D1F) development policy, will produce/refine 5 Million tons…
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Challenges that warranted unplanned gas cut resolved – Ghana Gas
The Ghana National Gas Limited Company says issues that warranted an unplanned reduction in natural gas supply to the power generation companies have been resolved. There was widespread power outage in several parts of the country on Friday, July 7. The Ghana Grid Company Ltd (GRIDCO) blamed the outage on a shortage of gas supply…
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NPA cracks down on illegal ‘Gao Gao’ fuel stations in Upper East Region
The Upper East Regional office of the National Petroleum Authority (NPA) has embarked on an exercise to clamp down on 16 illegal reseller outlets popularly known as ‘gao gao’ in the region. The region had observed an alarming proliferation of these reseller outlets in areas such as Pelungu, Duusi, Gbane Shiega, Tongo, Gaare, Chuchuliga, Bolga…
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IMF conditionalities not preventing energy sector leakages – ACEP
The Africa Centre for Energy Policy (ACEP) has disclosed that the conditionalities of the International Monetary Fund are not helping curb the revenue leakages in the country’s energy sector. In a report dubbed, ‘Protecting Ghana’s Economic Sustainability in the Face of Power Sector Risks,’ the energy think tank said the already implemented conditionalities are not…
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Gas is the ideal transitional fossil fuel due to its low carbon emissions – Ghana Gas CEO
The Chief Executive Officer (CEO) of the Ghana National Gas Company (Ghana Gas), Dr. Ben K. D. Asante, emphasized the importance of embracing new gas markets in the energy transition discourse during a stakeholder round table discussion held on Tuesday, July 4, 2023. With the theme “Embracing New Gas Markets in the Energy Transition Discourse,…
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Pecan Energies approves Plan of Development for Deepwater Tano/Cape Three Points block offshore
On behalf of its partners, Pecan Energies, the operator of the Deepwater Tano/Cape Three Points (DWT/CTP) block offshore Ghana, has announced the successful approval of the Plan of Development (PoD) for the DWT/CTP contract area by Ghanaian authorities. “We are thrilled to receive the approval of the PoD for the DWT/CTP block by the Minister…
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Price of diesel and LPG to drop marginally; petrol to remain unchanged – IES
The price of diesel and Liquefied Petroleum Gas (LPG) is expected to fall marginally in the first pricing window of July. This is according to a recent analysis by the Institute for Energy Security (IES). The projection by the Institute for Energy Security, notes that the reduction can be attributed to the 2.6% fall in…
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IPPs suspend planned shutdown after engagements with ECG
The Chamber of Independent Power Producers Ghana (IPPs) has suspended its planned shutdown of plants powering the national grid despite debts owed by government. This follows what the Chamber describes as fruitful engagements with the Electricity of Ghana (ECG). To this end, the IPPs have agreed to keep operating their power plants after July 1,…
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Petroleum tanker drivers resume work after suspension of strike
Business operations have resumed at various petrol and gas depots along the Volta Aluminum Company (VALCO) Kpong road in Tema. A tour at different loading terminals including Tema Oil Refinery, Fuel Trade and Chase was busy with the tanker drivers queueing to fill their tanks. The operations come after government through the Ministry of Roads…