The government is working towards achieving universal access to electricity by the third quarter of next year, the Minister of Energy, Dr Matthew Opoku Prempeh, has said.
The Nigerian Senate has invited 15 companies including Dangote Oil Refinery, NIPCO Gas Limited and NIPCO Plc to explain how they spent over N120billion intervention fund disbursed to them by the Central Bank of Nigeria.
Increased activity levels are bolstering the premium pool
The premium base has increased due to the influx of constructions this year compared to the previous four or five years. This is due to a more stable oil price at US$80-90 levels, compared to the COVID-19 level of US$30-35. During the preceding low oil price environment, many projects were delayed but we have seen project activity restart over the last year, as governments are increasingly focussing on domestic energy security.
The Best Western Atlantic Hotel in Takoradi was the scene for this year’s Local content conference organised by the Petroleum
Commission of Ghana.
Key players in the oil and gas sector will tell you it’s a big deal on their annual calendars. It is a show-and-tell time for these companies to tout their achievements in local capacity contribution to the oil and gas sector, and to also project into the future.
Tullow Ghana’s enduring local impact
Nigeria’s crude oil production, including condensate, rose year-on-year, YoY by 30 per cent to 1.6 million barrels per day, bpd in October 2023, from 1.2 million bpd recorded in the corresponding period of 2022.
Chevron Nigeria Limited, has expressed commitment to partnership with various stakeholders including the communities neighbouring its areas of operations in the Niger Delta, for sustainable development.
The Ghana Upstream Petroleum Chamber is a non-profit upstream petroleum organisation which aims to achieve long term success of the upstream petroleum industry in Ghana.