Amid the constant change that has recently characterised North Africa, Algeria has charted a path of relative stability. This is largely due to vast oil and gas resources that have made it Africa’s fourth-largest economy.
Amid the constant change that has recently characterised North Africa, Algeria has charted a path of relative stability. This is largely due to vast oil and gas resources that have made it Africa’s fourth-largest economy.
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...
According to the Association of Ghana Industries’ first quarter 2016 Business Barometer, 71% of businesses cited high utility prices as their primary constraint to growth. Energy-intensive consumers, like those in the industrial sector, were hit hardest by tariff changes. In the first half of 2016 crude oil prices remained relatively stable;...
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