Category: Oil And Gas
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Ameri deal: IES cautions against hasty decisions
The Institute of Energy Security (IES) is urging that the government takes its time before going ahead with any further action on the AMERI deal. The energy think tank wants the acting Minister of Energy, John Peter Amewu to clarify all outstanding issues before making any move on the agreement. The comments follow the President’s…
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IES cautions of high cost of power with new Ameri deal
The Institute of Energy Security (IES) is projecting that consumers should be paying more for electricity should government go ahead with the new arrangement on the Ameri Power Deal. The energy think tank believes that the new deal will increase the cost of electricity and burden consumers. The Ameri deal was signed by the government…
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IES joins calls to stop amendment to AMERI deal
Opposition has intensified against the new arrangement on the AMERI power deal which is currently before Parliament. The latest to resist the new plan is the Institute of Energy Security (IES). The energy think tank believes the country risks paying more when the deal is agreed upon, in its current form. The IES also cautions…
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Total Petroleum Ghana rewards transporters
Total Petroleum Ghana has rewarded its best performing Transporters and Drivers for contributing to the attainment of transport safety in the activities of the company in the year 2017. At the Annual Transporter’s Awards night, which took place on 29th June in Accra, the Managing Director of Total Petroleum Ghana, Eric Fanchini stated that ‘Safety…
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Kosmos wins $14m in court case against Tullow
A panel of arbitrators, working under the jurisdiction of the International Chamber of Commerce, has ruled in favour of Kosmos Energy Ghana in relation to its dispute with Tullow Ghana Limited over the West Leo Rig. This was announced in a statement released by Tullow Oil. In this regard, Tullow Oil is to reimburse Kosmos…
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Fuel prices to reach GH¢4.99 cedis per litre
Consumers should be paying an additional 15 pesewas per litre on fuel they purchase at major fuel pumps from today till the end of this month [July]. This will be the case barring any last minute intervention by the National Petroleum Authority (NPA) to cushion consumers from high prices. The institute of Energy Security (IES)…
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Fuel prices to go up by 3 percent
The Institute of Energy Security (IES) is predicting a 3 percent increase in fuel prices for the second half of July. According to the institute, prices will go up by about three percent barring an intervention from the National Petroleum Authority (NPA). In an interview with Citi Business News, Research Analyst at the IES Mikdad…
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ENI gas production to reduce cost of electricity–KITE
Cost of electricity to homes and factories are expected to be reduced in the coming months following the start of gas production by ENI. That is the verdict of the Executive Director of the Kumasi Institute of Technology, Energy and Environment (KITE) Ghana, Ishmael Agyekumhene. ENI last week[3, July 2018] started gas production from the…
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PIAC to engage Special Prosecutor on oil money expenditure
The Public Interest and Accountability Committee (PIAC) would soon hold a meeting with Martin Amidu, the Special Prosecutor (SP) over the disbursement of revenue accruing from oil resources, Dr. Steve Manteaw, Chairman of the Committee, has disclosed. He said the meeting would focus on the need for collaboration between PIAC and the Special Prosecutor to…
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Otumfuo asks NPA to step up efforts to ensure public safety
The Asantehene, Otumfuo Osei Tutu II has urged industry players in the petroleum sector to collaborate with in order to ensure effective product delivery, and economic growth. The Asantehene was speaking at his Palace in Manhyia when the Chief Executive of the National Petroleum Authority (NPA), Hassan Tampuli, led a delegation made up of some…