In an attempt by the Ministry of Energy to continue to position
Ghana’s energy sector favourably in the minds of investors for
strategic partnerships and economic growth, Deputy Energy Minister,
Dr. Mohammed Amin Adam on Friday
The European Union is preparing to propose a plan that would force fossil fuel companies taking in windfall profits from surging oil and gas prices to submit financial contributions to offset soaring household energy bills, a draft document circulating around Brussels indicates.
Saudi Arabia and the United Arab Emirates as part of the OPEC+ pact led to a 790,000-barrel-per-day rise in global oil production in August, the International Energy Agency (IEA) said in its closely-watched Oil Market Report on Wednesday.
Nairobi-based pan African Investment and Credit Risks solutions provider, African Trade Insurance Agency (ATI), has signed a Memorandum of Understanding (MoU) with government for the roll out of the Regional Liquidity Support Facility (RLSF).
This represents about 183 percent increase over what Tullow Oil posted in the first half of 2021.
Meanwhile, its gross profit stood at $620 million ending June 2022.
The numbers were captured in Tullow Oil’s half year profits released by the company on 14 September 2022.
Although some progress has been made in promoting local content in
the oil and gas industry, much more is needed to indigenise the
sector, General Manager-Engineering at state-owned Ghana National
Petroleum Corporation (GNPC)
The conference seeks to foster honest and pragmatic dialogue, positioning the natural gas industry as a key component in the solution for the short to mid-term supply of energy
Oil prices have fallen below $90 dollars per barrel on the world market, following fears of global economic recession.
Russia is selling liquefied natural gas from the Sakhalin-2 project in the Far East to China at a 50-percent discount and still making a profit on it, Bloomberg has reported, citing unnamed traders.
Deputy Director of Renewable Energy at the Ministry of Energy, Ing.
Seth Agbeve Mahu, has said adding nuclear to Ghana’s energy mix
will be critical to the country’s industrialisation agenda.