Category: Oil And Gas
-
Article: Why the monster called “Dumsor” dwells with us Ghanaians– Part 1
Dumsor the Monster “Dumsor is a dreaded name in Ghana, synonymous with the subhuman “Dracula” who sucks human blood and spreads the undead curse along winding roads within the thick, dark and ancient forest and over mountain passes”. The word “Dumsor” is of Ghanaian origin, and in the Akan language it connotes “off and on”…
-
$95m spent between 2013, 2016 without drilling a single oil well – Amin Adam
The Energy Ministry says none of the 13 petroleum contracts signed between 2013 and 2016 for oil exploration was operationalized. The Ministry says the said companies which were contracted by the former government to drill 14 wells spent only $95 million instead of the $890million they were supposed to have spent as stated in the…
-
PDS cuts power supply over routine maintenance
Power supply to some parts of Accra will be interrupted over the next three days. This follows routine maintenance works by the Power Distribution Services Company (PDS) on some of its supply stations. The exercise which started on Thursday [April 25, 2019] will end on Sunday [April 28, 2019]. On the first day, the areas…
-
Tullow Oil shuts down TEN FPSO for maintenance
Tullow Oil has announced a twelve day shutdown of the Floating Production Storage and Offshore (FPSO) operating on the TEN oilfields in the Western region. The exercise commenced on Monday (April 22, 2019) and it is to end on Thursday (May 2, 2019). A statement from Tullow to Citi Business News said the move is…
-
MODEC appoints Theophilus Ahwireng as new MD
Former CEO of the Petroleum Commission, Theophilus Ahwireng has been appointed as the Managing Director of MODEC Production Services Ghana JV Limited. His appointment takes effect on Tuesday, April 23, 2019. A statement from MODEC confirming the appointment described Mr. Ahwireng as, “a seasoned technical and business leader with three decades of experience in the…
-
Commodity prices, cedi depreciation push Producer Price Inflation up to 6.7%
The producer price inflation rose to 6.7 percent in March 2019. This is 3 percent higher compared to the 3.7 percent recorded in the same period in 2017. The Ghana Statistical Service attributes the rise to the prevailing prices of commodities like gold and petroleum on the international world market. The Government Statistician, Professor Samuel…
-
Load shedding to minimize as Ghana Gas completes tie-in of gas pipelines
Ghana should increase its power production by about 450 megawatts within the coming months. This follows the completion of tie-in of gas pipelines connecting Takoradi and Tema in a bid to stabilize the production and supply of power. There have been cuts in power supply to parts of the country over the past two months…
-
Intermittent power outages caused by financial challenges–IES
The Institute of Energy Security has said government is facing severe liquidity challenges hence the struggle to fuel plants to power electricity. The institute claims there is insufficient funds to buy crude oil, resulting in frequent power outages in the country. Already, a former Deputy Power Minister, John Jinapor, has said that the Ghana National…
-
Power will be supplied by close of day to affected areas – PDS
The Power Distribution Services (PDS) is hoping to restore power to all areas which experienced cuts in supply on Sunday [April 7, 2019]. The company tells Citi Business News engineers are on site working to reconnect all such areas. Parts of Accra had their power cut due to storms that associated the rains on Sunday…
-
AKER Energy announces $4.5 million support for oil and gas sector
Aker Energy, the operator of the Deepwater Tano Cape Three Point (DWT/CTP) Block offshore Ghana, has announced USD4.5 million for the Accelerated Oil and Gas Capacity-building (AOGC) Programme, a Ghana government scheme designed to enhance the competencies of Ghanaians in the oil and gas sector. Mr. Jan Helge Skogen, Country Manager of Aker Energy commended…