An Industrial and Energy Consultant at the Energy Foundation of Ghana, Mr. Andrew Quayson says providing varied sources of electricity for consumers should not be a national priority. He was of the view that the nation must first ensure that the power system becomes efficient by putting in place measures to reduce the cost of…
lbe Kachikwu, minister of state for petroleum resources, says Nigeria has the strongest economy in Africa. He described the country as the most profitable investment destination in the world. Kachikwu made the remark during the Nigerian oil and gas core strategic investors’ meeting in the US. The meeting is aimed at presenting investment opportunities in…
As part of the first oil and gas licensing round, the Ministry of Energy has invited bids from Oil and Gas companies, for direct negotiations without a public tender in respect of two of the Blocks GH__WB_05 and GH_WB_06, offshore Ghana. Interested companies as per the requirement must have relevant experience in ultra-deepwater exploration and…
A unit of Bidvest Group, South Africa’s Bidvest Tank Terminals (BTT), and liquefied petroleum gas (LPG) firm Petredec, unveiled the construction of a $70 million LPG import and storage facility in Richards Bay, north of Durban. In a joint statement, BTT and Petredec said the 22,600 tonne facility will significantly increase the supply of LPG to South Africa…
Vice President Dr Mahamudu Bawumia, has urged the investor community in the United Kingdom to explore the many business opportunities available in Ghana. He further persuaded them to set up businesses in the strategically positioned West African country, especially as the Nana Akufo-Addo government works towards achieving a Ghana beyond Aid whilst UK explores…
The two key crude oil benchmarks settled lower Monday amid fears of a potential supply glut. A barrel of West Texas Intermediate (WTI) crude oil for December delivery lost 55 cents Monday to settle at $67.04. The light crude benchmark traded within a range from $66.67 to $67.95. The December Brent futures price posted a…
Dangote Cement Plc (DCP) sustainability teams from Obajana, Ibese and Gboko cement plants have embarked on social investment programmes directed towards health care, education, and environmental sanitation in their host communities during the company’s sustainability week, 2018. The Sustainability Week spanned five days, simultaneously held across Africa. In Lagos, where the Dangote Group is headquartered,…
Ismail Ahmed, Senior Special Assistant to President Muhammadu Buhari on N-SIP, disclosed this at the opening of the training on Tuesday in Akure. The Federal Government says it is training no fewer than 1,500 independent monitors for various National Social Investment Programmes across 17 states in the southern part of the country. Ismail Ahmed, Senior…
Electricity generation companies in the country have said their power plants are being forced to operate below their optimal capacity levels. The nation’s total power generation has been hovering between 3,000 megawatts and 3,500MW in recent months. It stood at 3,741.30MW as of 6am on Sunday, according to the Nigeria Electricity System Operator. The Executive…
Vice President, Prof. Yemi Osinbajo has said the federal government would provide off-grid electricity to power business clusters across the country to support them to create jobs and wealth. The vice president stated this, yesterday, as he inaugurated a 1.5 megawatts (MW) independent mini grid power supply system to provide electricity at Sura Shopping Complex…
