To effectively map out the current and future states of power delivery, it’s imperative to discuss what the landscape looked like in the past. Understanding the evolution of any industry typically requires a healthy dose of historical context, and making sense of today’s energy grid is no exception. Throughout the majority of the electric power…
The highly publicised Vlakfontein murder case was rolled over to Wednesday, November 21, due to an unexpected power outage at the Lenasia Magistrate’s Court building on Tuesday. “There is a high interest in this case and there is no use in keeping the media, family as well as the public here if we cannot proceed…
The government has programmed to earn US$1.1 billion as petroleum revenues for next year, Finance Minister, Ken Ofori Atta told parliament on Thursday during the presentation of the 2019 budget statement and financial policy. This is made up of US$227.10 million from Royalties, US$602.80 million from the Carried and Participating Interest, US$249.60 million in Corporate…
At the gathering of the 4th Africa Oil Governance Summit in Accra on November 13 and 14, 2018, it was concluded that local content is a great tool for developing domestic economies, promoting local work force and championing industrialization and regional integration of the African continent, this is according to a communiqué issued at the end of the…
Management of the Tema Oil Refinery (TOR), has begun processes to get an investor to develop a 3.5 billion dollar modern refinery, the Greenfield facility in Prampram. The new facility will increase TOR’s capacity by 200 percent from the current 45,000 barrels of crude refined daily to 120,000 barrels. The state-owned refinery has been making…
Recurring power outrages across the country is set to revive another politically charged discussion on the causes of erratic power supply in Ghana. The fresh complaints come despite the Akufo-Addo administration claiming credit for ending a power crisis which analysts say ended the re-election chances of the John Mahama led National Democratic Congress (NDC) government….
The international oil benchmark, Brent crude, has fallen to its lowest level this year and below the proposed benchmark for Nigeria’s 2019 budget, with economic experts describing the development as a cause for concern for the country. Brent, against which Nigeria’s oil is priced, plunged by $3.80 to $58 per barrel on Sunday as of…
The Nigerian Liquefied Natural Gas Limited has expressed its commitment towards eliminating gas flaring in the country. Managing Director/Chief Executive Officer of NLNG, Tony Attah, said the firm was at the forefront of deliberate efforts towards eliminating gas flaring in Nigeria. Attah explained that the company had created a system that would re-utilise gases that…
Tension has started building up in Delta State due to the decision of the Nigerian National Petroleum Corporation (NNPC) to award oil infrastructure surveillance contract to Ocean Marine Solution Limited contrary to extant rules. Multiple sources told THISDAY at the weekend that the NNPC approved a contract for the surveillance of the 87-kilometre Trans-Forcados Pipeline…
In line with the Federal Government’s initiative on gas to power, Greenville, an oil and gas company has inaugurated its first phase of Liquefied Natural Gas (LNG) plant with a daily capacity of 2,250 tons in Rumuji, River State. The plant, which is at a tune of between $450 million and $500 million dollars worth…
