Global oil super major, Exxon Mobil is expected to officially sign an exploration agreement with government this week to allow it undertake petroleum activities at the Deepwater Cape Three Points (DWCTP) Block off the western coast of the country. Although, the entry of Exxon Mobil into the country has been...
Winners of the ‘Green Innovation Competition’, second and third editions respectively, have expressed their overwhelming experience with the exposure to agribusiness opportunities and innovative ideas received from the visit to Israel as part of the prize package. According to the 2020 and 2021 winners, the visit to Peres Centre for...
The nation has saved about US$13.2billion in renegotiating power purchase agreements with six different independent power producers (IPPs), the Finance Ministry in its latest investor call update has revealed. The ministry, as part of efforts to assure investors and boost confidence in fiscal management of the economy, said proactive management...
As the COVID-19 pandemic bashes economies and demand for oil, many African nations dependent on exporting fossil fuels are “haemorrhaging” cash, African energy experts warned this week. The crisis - which comes as more investors shun carbon-heavy businesses - is a taste of what may happen if Africa’s rich oil...
Kosmos Energy Ghana, a leading international deep-water exploration and production company in the country’s upstream oil and gas sector, has extended its social investment support to two special schools in the country. The company has handed over 300 white canes, newly constructed walkways, and a urinal facility to the Akropong...
The Ghana Integrity Initiative (GII) has appealed to the President, Nana Addo Dankwa Akufo-Addo, to commence immediate probe into the recent bribery allegations involving the former Chief Executive Officer of the Tema Oil Refinery (TOR) boss, Asante Berko. According to the GII, the incident following which the former TOR boss...
Consumers of petrol and diesel should expect a further drop in price at the pump as the price of crude on the world market continue to fall, the Institute for Energy Security, predicts. In its May, 2020 pricing window forecast, IES notes that going by the 13.05 percent reduction in...
The COVID-19 pandemic has hit every part of the energy industry, but investments in renewables are set to drop the least, while renewable energy stocks have outperformed the broader market since U.S. stocks cratered in March. Within the renewable sector, solar stocks have been on an uptrend for two years,...
The coronavirus (COVID-19) pandemic has become one of the biggest threats to the global economy and financial markets. The effect has already been felt in a wide range of energy markets, including coal and gas – but its impact on oil markets is exceptionally grave due to the constraint...
Effective this school year, tertiary students will no longer be required to seek guarantees to access the students' loan scheme run by the Students Loan Trust Fund, as government has struck out the guarantor requirement. The guarantor requirement, which hitherto was a major part of conditions to get the student...