The Association of Ghana Industries (AGI) has advocated speedy adoption and promotion of renewable energy sources, so as to diversify the power generation mix and bring about competitiveness. Ghana's installed power capacity is about 4399MW of which 22.5WM is renewable energy against a demand of about 2,700WM. Despite the excess...
Santol Energy, one of the fastest-growing indigenous oil companies in the downstream sector, has opened its newest branch at Weija, in the Greater Accra Region, in line with its drive to delivering best-in-class services, offering affordable and clean fuel to the local market and beyond. The opening of the Weija...
...as TEN, Jubilee half-year results remain in line with guidance Production from Tullow Ghana's Jubilee and Tweneboa Enyenra Ntomme oil fields for the first half of 2020 remains in line with full-year forecasts, despite disruptions caused by the Coronavirus pandemic and collapse in prices due to the Russia-Saudi Arabia oil...
Nominations for the 2020 edition of the Ghana Energy Awards (GEA) have opened under the theme: ‘Excelling in crisis: the energy sector in a COVID-19 era.’ The nominations remain open until September 30, 2020. In all there are 18 categories, both competitive and non-competitive, including the topmost Energy Personality...
Government’s decision to extend the electricity subsidy programme, which will cost at least GH¢2billion in total, has been hailed as a move to boost consumers’ disposable income as it will reduce the burden of having to pay for power during the Coronavirus-induced economic crisis. Captured under government's Coronavirus Alleviation and...
Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets. Brent crude LCOc1 dipped 8 cents, or 0.2%, to $43.26 a barrel by 0403 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 dropped to $41.22 a...
When JP Morgan's EMEA head of oil and gas research said last month that this crisis was fundamentally no different from previous crises, he was right - at least in a way. But in some ways, he was wrong, because it is not just out of a sense for the...
It’s easy to forget now but there was a time early on in the pandemic when the price of gold was in freefall. It was a curious thing, with the virus sparking a collapse in the global economy, and it would prove in time to be one of the great...
TC’s Energy USA and its partners, Power China Huadong Engineering Corporation Ltd and Seabased of Sweden, have signed a major agreement to finance and revive the Ada Foah Energy Project, which has stalled for years. TC’s Energy Ghana, a wholly Ghanaian owned company is the local counterpart to the...
The fangs of the new Coronavirus, since its appearance in late 2019, have cut through all sectors of national economies leaving nothing unscathed. For the global energy sector, it has resulted in a historic dive in oil prices, way below projections of many oil-based entities and budgets of national governments....