Mr Ernest Kofi Owusu-Bempah, Communication Director of Ghana National Gas Company (Ghana Gas ) has lauded the efforts of the local engineers of the company for a successful shut down of the Atuabo Gas processing Plant. He said the 21-day shutdown which began on February 1, was already in progress but the company had not … Read more
Mr Ernest Kofi Owusu-Bempah, Communication Director of Ghana National Gas Company(Ghana Gas ) has lauded the efforts of the local engineers of the company leading to the successful shutdown of the Atuabo Gas processing Plant. He said the 21 day shutdown which began on February 1, was already in its 10th day but the company … Read more
US giant ExxonMobil with Qatar Petroleum on Wednesday signed a licence to explore for oil and gas off the coast of Cyprus, and they expect to start drilling next year. The venture was selected as part of the island’s third licensing round to explore block 10. Cyprus Energy Minister George Lakkotrypis described as “immense” the … Read more
Government has begun engaging industry players in fulfillment of its one district one factory policy which it intends to begin soon. This also follows government’s intention to involve the private sector in the implementation of the policy. As part of the consultations, the National Coordinator of the one district, one factory policy; Gifty Ohene Konadu … Read more
The Italian parliament has approved a government plan for a possible €20bn (£16.8bn) bailout of the country’s banks. The Italian Treasury will probably have to rescue Italy’s third largest lender, Monte dei Paschi, by the end of next week. The rescue fund will be used to prop up other banks as well. Earlier, Monte dei … Read more
UniCredit (CRDI. MI) and Societe Generale (SOGN.PA) declined to comment on talk of a possible merger between them after their shares rose on speculation about a tie-up. Rumors about a possible merger between the French and Italian banks have been doing the rounds for several years and have re-emerged after Jean-Pierre Mustier, a former investment … Read more
Italian Oil Exploration Company, ENI is set to provide up to 50 megawatts of solar energy in the Northern Savannah Ecological zone of the country. The project forms part of efforts to increase Ghana’s energy supply to meet the increased demand. The project is also in partnership with the Savannah Accelerated Development Authority (SADA). Speaking … Read more
The Africa Center for Energy Policy (ACEP) has welcomed government’s decision to renegotiate the Sankofa-Gye Nyame Project agreement. Deputy Minister for Petroleum Benjamin Dagadu yesterday indicated government will soon kick-start renegotiation of the Sankofa-Gye Nyame Oil and Gas deal signed early this year. This according to him, has become crucial to ensure the country derives … Read more