From the oil services firms building steel pallets in Takoradi, to marketing firms distributing fuel to industry, Ghana’s petrol companies offer attractive employment opportunities to the upwardly mobile populace. Prince Charles Dedjoe, the executive chairman of the Chadeco Group, told OBG, “The oil and gas sector is poised for growth, but the...
Harnessing domestic natural gas to power the electrical grid will be one of the most immediate economic benefits of the recent hydrocarbons finds. The government is racing to construct the infrastructure to transport the gas produced at the Jubilee field, turn it into feedstock, and supply Takoradi’s thermal power plants. However, the project has...
As the first flush of exploration and production in Ghana’s offshore oil winds down, there is little planned greenfield investment in Ghana’s oil fields for 2013. Part of this is a result of domestic developments: in the first half of the year, with litigation over the 2012 results of the presidential election pending, debates over a revised...
Since the discovery of offshore oil in 2007, Ghana has been adapting to the new reality of its hydrocarbons economy. The initial euphoria has given way to some of the more challenging aspects of extracting oil and gas offshore, but with the Jubilee field producing near capacity and plans to develop the TEN field approved, Ghana is on solid footing...
Improved technology and global demand for natural gas has set explorers scouring the African landmass and offshore waters for new deposits. Ghana is a beneficiary of this wave of exploration, but plans for increased output from elsewhere in Africa, the Middle East and Asia have affected the outlook for the country’s energy policies – particularly...
Over the past decade, the thirst for fuel in emerging economies has mirrored their spectacular economic rise, shifting growth in demand for energy from the West to the East. The changing dynamics of energy demand have, in turn, affected the downstream petroleum sector, increasing the share of new investment flowing to emerging markets. Four out of...
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