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Bidding for oil blocks must be transpent and efficient – President Akufo-Addo

The President of the Republic, Nana Addo Akufo-Addo, has charged the Ministry of Energy, the...

Free SHS ensuring equitable distribution of oil cash – Akufo-Addo

President Nana Akufo-Addo says his administration is using the country’s oil revenues to create...

Vice President commends Ghana Energy Awards

The Vice-President, Dr Mahamadu Bawumia has applauded the annual Ghana Energy Awards (GEA) as a...

Akufo-Addo opens tender to auction six oil blocks

The government will today open a competitive tender process to auction six out of nine prepared...

‘Power Queens’ embraces ECG privatisation

The Electricity Company of Ghana's (ECG) Power Queens, a female workforce of the power...
U.S. Rig Count Rises by 11 to 1,925, Baker Hughes Says

U.S. Rig Count Rises by 11 to 1,925, Baker Hughes Says

Rigs targeting natural gas in the U.S. rose for the fifth straight week, capping the longest streak of gains since 2010, amid higher futures prices and growing pipeline capacity. Gas rigs climbed by two to 340, the most since March, data posted on Baker Hughes Inc....

Eni eyes further E&P opportunities in Libya

Eni eyes further E&P opportunities in Libya

Head of the Presidential Council of the Libyan Government of National Accord has met with the CEO of Eni to discuss future exploratory opportunities and development investments in the country. Eni said that Fayez al-Sarraj met with the company’s CEO Claudio...

Saipem bags $700M in offshore contracts in Guyana and Congo

Saipem bags $700M in offshore contracts in Guyana and Congo

Italian oilfield services contractor Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza field development offshore Guyana. It has also won an offshore work contract in Congo. Once the Liza 2 has been sanctioned, Saipem will then perform...

Nigerian oil revenues of $16bn ‘missing’

Nigerian oil revenues of $16bn ‘missing’

Nigeria's state-owned oil company has failed to pay the government $16bn (£11bn) in a suspected fraud, according to an official audit. The Nigerian National Petroleum Corporation (NNPC) provided no explanation for the missing funds, the auditor general told MPs. Oil...

U.S. on verge of lifting 40-year oil export ban

U.S. on verge of lifting 40-year oil export ban

17 December 2015, Washington – The United States appears on the brink of ending a four-decade ban on most exports of crude oil, which would end a years-long fight brought about by a boom in domestic shale output that contributed to a supply glut and depressed prices....

First wind power expected 2016

First wind power expected 2016

  Global wind and solar company, Mainstream Renewable Power, has signed an agreement with Swiss wind farm developer, NEK Umwelttechnik to purchase the 225 megawatt (MW) Ayitepa Wind Farm, paving the way for the generation of Ghana’s first commercially-viable wind...

Bui Dam not running – VRA

The 400-Megawatt hydroelectric dam at Bui in the Brong Ahafo Region is not running, according to the Volta River Authority (VRA). Commissioned in December last year, the dam was expected to add to the country’s energy capacity to mitigate the effects of load-shedding...

VRA, four others to sign gas agreement

The Volta River Authority (VRA) and four companies -- outside the NGas consortium -- based in Nigeria are close to signing a gas sales agreement for the supply of gas via the West African Gas Pipeline to power its thermal plants. The four companies are: ND Western,...

Burkina Faso to spill Bagre Dam

The National Disaster Management Organisation (NADMO) has alerted residents in the catchment area of the White Volta to the spillage of the Bagre Dam in Burkina Faso, from Friday August 29. The spillage, which will continue gradually until the water level normalises,...

Gas Natural to restart Spanish development

Gas Natural to restart Spanish development

Spain: Local utility Gas Natural Fenosa has broken Spain's long period of wind development doldrums with plans to develop 300MW by 2020 without subsidies The projects will all be in the northern region of Galicia, where building has just started on the first 14MW. Gas...

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