The country coughs out a combined US$1.2billion yearly to pay for excess power capacity and gas which it does not use, Dr. A Ofosu Ahenkorah, a former Executive Secretary at the Energy Commission has revealed.
The amount, he explained, is the result of existing power purchasing agreements and gas deals...
More refineries in Europe are at risk of permanent closures, with fuel demand on the continent falling again as major economies re-imposed lockdowns to fight the spike in coronavirus cases.
Gasoline demand in Europe is expected to be between 15 and 20 percent lower in November and December compared to...
With the brent crude oil price continuing to rise in November, following reports of a second highly effective Covid-19 vaccine nearing emergency approval in the coming weeks, financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) expects a sharper recovery in oil...
Progress in vaccine development and expectations that OPEC+ will decide in less than two weeks to roll over the current cuts for three months instead of easing them from January 2021 give bulls hopes that the oil market will regain some semblance of a balance next year, pushing prices...
The opposition National Democratic Congress (NDC) has pledged to give a great deal of attention to the renewable energy sector if the party wins the upcoming general election on December 7, as renewables have been well documented as the future of energy.
To underscore its commitment to renewables, a former Deputy...
Want end of industry’s subsidy to households
Experts in the energy sector have called on government to effect changes in the pricing of tariffs in the country, to eliminate the policy which makes industries subsidise the amount households pay for their consumption of power - saying the practice has...
Government has assured that it will work to further reduce the cost of electricity in Ghana to help drive its industrialisation agenda in the private sector.
Currently, Ghana has one of the highest per kilowatt cost of electricity to industry in the West African sub-region, even though government has reduced...
The discovery of gas resources in abundance and efforts to invest in the necessary infrastructure will guarantee the power sub-sector’s future in the medium-term, while ongoing investments in nuclear and clean energy will ensure the economy enjoys reliable and cheaper power in the long-term, Minister of Energy Peter Amewu...
Vivo Energy Ghana, the marketers and distributors of Shell-branded products and services has been awarded ISO 9001:2015 (Quality Management System) certification by the International Standards Organization (ISO).
The International Standards Organization is the global, independent and non-governmental standard-setting body, comprising of representatives from 165 national standard bodies.
The ISO certification is...
… Management reacts to workers demo seeking restructuring
The management of the Tema Oil Refinery (TOR) has refuted claims by some workers that the company is being run down by the current Board of Directors and therefore they should be sacked. Some workers staged a protest on Wednesday, October...