Low oil prices have had a significant impact on producers. According to a 2015 study by consultancy Wood Mackenzie, following the price drop, well over $200bn in spending on oil and gas projects around the world has been deferred, and roughly 250,000 industry employees globally have lost their jobs. This has been magnified in commodity-...
What needs to be done to ensure the development of the Tweneboa, Enyenra and Ntomme (TEN) fields remains on schedule?
Even amid the low global oil price environment, Ghana’s energy sector continues to evolve in a positive fashion, with deregulation implemented in the downstream sector and two new oil and gas fields coming on-line. The long-awaited benefits of the country’s oil and gas reserves are also beginning to be felt by the power sector, with the...
Ghana’s current energy shortage and the effects of climate change on a number of sectors are driving the exploration of renewable energy use. Since the country’s electricity needs currently exceed existing supply, and electricity and gas tariffs are increasing, the government is encouraging the diversification of its energy sources, creating a...
What role will coal play in Ghana’s energy mix?
Even amidst a broader economic slowdown, Ghana’s energy consumption continues to expand, underlining the urgency of boosting generation capacity and improving access to power. Over the past few years, problems with imported supply and low levels of rainfall have constricted feedstock for the country’s power plants, resulting in bouts of load...
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