Banking & Finance
CSOs want Akufo-Addo to investigate Aker-AGM transaction
Imani Africa, and the Africa Centre for Energy Policy (ACEP) have welcomed AGM Petroleum's announcement to relinquish its interest in the South Deepwater Tano (SDWT) block, which contains the Nyankom-1X, discovered from a drilling campaign launched in 2019. As...
Petroleum product prices fall since start of G4O – President Akufo-Addo
Nana Addo Dankwa Akufo-Addo, President of the Republic of Ghana, has indicated that petroleum products prices are marking consistent reductions since the implementation of the Gold for Oil policy began earlier this year. He made this known during his delivery of the...
Oil production soars in Angola
Angola's oil output saw an increase in January this year at 34.29 million barrels, a rise of 583,16 barrels from December 2022. The data comes from the National Oil, Gas, and Biofuels Agency's (ANPG) January report, which explains that the country's average daily...
UK: Government to assist energy cost reductions for industry
To ensure that energy-intensive industries can continue to compete internationally, the British government unveiled plans on Thursday 23rd February, 2023 to help lower electricity costs, starting next year. The government stated that the proposals would include...
Fuel prices to fall up to 11% in February ‘23
Petrol and diesel prices are expected to fall by 7.1% to 10.8% at the pump, beginning Thursday February 16, 2022. However, Liquefied Petroleum Gas (LPG) prices will rise over the next two weeks. According to the Institute for Energy Security (IES), petrol will cost...
Zimbabwe: Power woes to ease from July – ZESA
Zimbabwe Electricity Supply Authority - ZESA, the country’s state power utility, says the current electricity challenges will be alleviated significantly by the end of 2024, thanks to improved generation at the Kariba South and Hwange power stations. The country's two...
The cost of Europe’s energy crisis is approaching 800 billion euros
The bill for European governments to protect consumers and businesses from rising energy costs has risen to nearly 800 billion euros, according to researchers, who are pushing countries to be more targeted in their expenditure to address the energy issue. According to...
Ghana Gas, partners sign US$700m second gas plant deal
The Ghana National Gas Company (GNGC) has signed a Project Implementation Agreement with its joint venture partners to build a second Gas Processing Plant (GPP Train 2) at a cost of US$700 million. As part of the GNGC's strategic development plan, the project...
New tariff consumption costs to be catalogued in Reckoner – ECG
The Electricity Company of Ghana (ECG) has announced that all unit consumption and expected costs for the annual increase in electricity tariffs will be systematised in a Reckoner. According to the company, The Reckoner clearly explains how the tariff is applied and...
US solar prices still rising, despite project delays
According to research published on Monday, 30 January solar energy contract prices in the United States have risen by one-third in the last year as project developers have struggled to obtain imported panels. However, wind energy prices have fallen slightly in recent...
