Nigerian energy firm Forte Oil said it plans to sell its upstream services and power businesses in Nigeria and divest from Ghana to focus on its core fuel distribution operation at home.
The move comes as a surprise about-turn for a company whose Chief Executive Akin Akinfemiwa told investors in...
Prices of fuel on the domestic market will remain largely stable within April first pricing-window, the Institute of Energy Security (IES), has said.
The stability, IES explains, is due to factors including 2.05 percent decrease in price of the International Benchmark- Brent crude, 2.84 percent decrease in price of gasoil,...
Many things are admirable about Ghana, compared to our neighbouring countries. Among these are free speech, fair elections, peaceful transitions of power, and an empowered civil society. In some ways, Ghana has more in common with the United States' democracy than many countries on our continent.
However, in the not...
The West Africa Gas Pipeline Company (WAPCo) has assured of reliable gas supply in the country even in the face of the disruption caused by the Coronavirus pandemic.
While the gas supplier admitted to challenges being encountered in moving technical staff from one place to the other, it said it...
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...
Demands accountability on unutilised ABFA
The management of petroleum revenues remains flawed with numerous challenges, ranging from lack of transparency in utilisation of funds and a deviation in the core mandate of the Ghana National Petroleum Corporation's (GNPC), among others, 10 years on from the commercial production of oil...
The newly-appointed board of the Volta River Authority has been mandated to convert all non-power businesses of the authority into stand-alone commercial ventures, as part of restructuring efforts commenced by government.
The authority, by its creation, is involved in other businesses in non-power sectors such as health, education, hospitality and...
...as it kicks against plans to turn Ghana Gas into aggregator
It is high time Ghana stopped the continuous political experimentation with gas resources, the Africa Centre for Energy Policy (ACEP) has said - insisting that government halts the proposed plan to make Ghana National Gas Company (GNGC) a gas...
The Ghana Revenue Authority (GRA) is in pursuit of some eight international oil companies (IOCs) to recover outstanding Surface Rentals payments owed the country, which for the 2022 half-year alone total US$2.7million.
This is out of an estimated US$3.4million Surface Rentals payment expected to have been received in the period...
A new record for Eni in deep-field production: the Sankofa-Gye Nyame field, in the prolific OCTP block.
Eni says it has launched production from the Integrated Oil&Gas Development Project, in the Offshore Cape Three Points (OCTP) block, off Ghana’s western coast, in just two and a half years, and...