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...
As part of efforts for the country to consider wind power generation, a 15-member delegation of engineers energy experts from the country have visited Lekela, a renewable power generation company in South Africa.
The visit by the 15 engineers and managers from the Ghana Grid Company (GRIDCo), and the Electricity...
The attention of Springfield Exploration and Production Limited (Springfield), has been drawn to various print and electronic media publications on the topic of the unitization of the Afina and Sankofa fields with statements attributed to Eni Ghana Exploration and Production Limited as well as to ACEP, PIAC and IES....
Tullow Oil reported a post-tax loss of US$1.22 billion for 2020, but is confident that its Ghana business, where it plans to drill four wells this year, will deliver sustainable and profitable production.
“We will start a multi-year, multi-well drilling programme in Ghana next month to deliver sustainable and profitable...
The Public Utilities Regulatory Commission (PURC) has announced a 27.15% increase in tariff for electricity and 21.55% increase in water tariff effective September 1, 2022.
It followed proposed increased in tariffs by utility companies—Ghana Water Company Limited and Electricity Company of Ghana (ECG). They were asking for 334 and 148...
Global environmental issues are getting more attention due to the rising threat of global warming and climate change. The inter-governmental panel on climate change (IPCC) reports a 1.1 to 6.4°C increase of global temperatures and a rise in sea level of about 16.5 to 53.8 cm by 2100. Bearing...
The African continent is one of the fastest growing energy markets in the world. This is due to the growing economic and demographic potential of African countries, as well as the efforts of many of them to combat climate change. Despite having passed through a long period of tumultuous...
According to the Congressional Research Service (CRS), measures of economic performance in the refining industry usually begin with the gross margin, referred to as crack spread. The gross refining margin is a simple, first approach to refinery profitability. It is computed as the total revenues from product sales minus...
After years of just bubbling under, the ESG megatrend has finally opened the afterburners. At a time when the reminders of past flameouts by the fossil fuel sector have been amplified by the pandemic, the Environmental, Social, and Corporate Governance (ESG) momentum has reached fever-pitch with assets invested in...
A team of officers from the National Petroleum Authority (NPA) is in the Central Region visiting selected communities as part of a nationwide Door-to-Door LPG Safety Campaign.
The team, from the Corporate Affairs Division, visited several eateries in the Mankessim, Komenda and Cape Coast areas, where vendors were educated on...