UK Energy Market Regulator To Allow Suppliers To Boost Profit Margins

After dozens of UK energy firms went bankrupt during the energy crisis, Britain’s energy market regulator on Thursday proposed amendments to the profit margins companies are allowed to make, which could boost margins by 27%. The UK has a so-called Energy Price Cap in place, which protects households from excessively high bills by capping the price that providers can pass on to them, but which additionally burdens energy providers. According to the consultation proposed on Thursday by the regulator Ofgem, a hybrid allowance is proposed for the Earnings Before Interest and Tax (EBIT) allowance in the default tariff cap. This hybrid allowance will include a fixed and a variable component based on a revised assessment of the capital employed and cost of capital because the energy market has changed significantly since the margin allowance was initially set in 2018. Njord Reopens: Norway’s Equinor Boosts Gas Production Amid Europe’s Energy Crisis Under the proposal, the money energy firms can set an indicative EBIT allowance of £47 per customer, compared with a £37 per customer margin allowance under Ofgem’s current approach. The proposal has an open period for comments and responses by June 28, 2023. Subject to the consultation, the planned implementation of changes would take effect in October 2023, Ofgem said today. The allowance for higher profit margins would be welcome news for energy suppliers in the UK, which have struggled since the start of the energy crisis due to the surge in commodity prices at the end of 2021 and last year, especially of natural gas. More than a dozen power suppliers in the UK exited the retail energy market in the autumn of 2021 and early 2022. Also today, Ofgem said that the energy price cap from July 1 to September 30 would be set at an annual level of $2,566 (£2,074) for a dual fuel household paying by direct debit based on typical consumption. The new cap is down by around $618 (£500) compared to current levels due to the recent decline in wholesale energy prices.     Source: Oilprice.com

Ghana: GNPC Board Washes Hands Off ‘Controversial’ Sale Of Oil Assets To PetroSA—Freddie Blay

The Board of Ghana National Petroleum Corporation (GNPC) has decided to stay away from any discussion regarding the controversial planned sale of half of the seven per cent share Ghana acquired from Anadarko’s share in the Jubilee and Ten oilfields, to PetroSA, the national oil company of South Africa.

Rather, GNPC wants Ghana’s Minister for Energy, Dr Matthew Opoku Prempeh, or President Nana Akufo-Addo to handle the controversial deal going forward.

“We have washed our hands off. Let the minister do what he thinks is best,” the under-fire Board Chairman of GNPC, Mr. Freddie Blay said on Accra-based Citi FM’s Eyewitness News on Tuesday after he said the board met and took that decision on Tuesday.

Mr. Freddie Blay and GNPC have come under fire after a letter by the Minister for Energy, Dr Matthew Opoku Prempeh, to Jubilee House, the seat of Government, revealed that he was clandestinely dealing with South Africa’s PetroSA to sell Ghana’s oil assets to the company despite objecting to the planned sale.

In a strongly worded letter sent to the Jubilee House, the Energy Minister said Mr Freddie Blay was pretty much aware that he had written to South Africa’s Minister for Energy and Petroleum Resources, Gwede Mantashe, that Ghana would not sell its seven per cent interest to PetroSA.

In the said letter to Gwede Mantashe, Dr Matthew Opoku Prempeh wrote: “Honourable Minister, the Government of Ghana would like to reiterate that we cannot support PetroSA in its quest to pursue pre-emption of Jubilee Oil Holdings Limited (JOHL) stakes that have already been acquired by Ghana, as this would be inconsistent with our stated objectives of increasing the State’s stakes in our natural resources development including oil and gas. This policy informed the use of state funds in this acquisition,” parts of the letter dated 24/11/2022 stated.

Despite being copied and aware of the Minister’s letter to South Africa’s Minister for Energy and Mineral Resources, the Board Chairman of GNPC, Mr Freddie Blay, on 23rd May 2023, wrote to PetroSA: “We receive your last letter dated 22nd December 2022 and noted the contents thereof. Under this, and further, our meetings regarding the said pre-emption transaction in line with the rights afforded to PetroSA in the DWT Joint Operating Agreement, and on the discussion of an equal split in the DWT interest held by JOHL with PetroSA and GNPC, we, as mentioned in conversation, sought guidance from our legal advisors on the matter.

“Consistent with the said advice, the GNPC Board has considered and is agreeable to your proposal to share the interest in an equal split in the DWT interest held by JOHL. Our Board, considering your strong views in maintaining PetroSA’s claim to pre-emptive rights afforded under the DWT Joint Operating Agreement, and being desirous to continue to cultivate the cordial relationship between our two entities to agree that this split is prudent to both parties’ interest.”

This revelation prompted a coalition of Civil Society Organisations working in the extractive sector, anti-corruption and good governance to demand the immediate removal of Mr. Freddie Blay and Mr. Opoku Ahweneeh-Danquah, CEO of GNPC, from their post.

The CSOs, numbering about 29 comprising African Centre for Energy Policy (ACEP), Ghana Anti-Corruption Coalition (GACC) and Centre for Extractives and Development Africa (CEDA), were of the view that the continuous stay in office of the duo poses threats to the nation’s oil and gas resources.

For 2022 alone, Ghana raked in some US$290 million from the seven per cent share in the Jubilee and TEN, according to a report by Public Interest and Accountability Committee (PIAC).

However, reacting to the demands by the CSOs, Mr Freddie Blay stated that he did no wrong in the planned sale of the oil assets.

Mr Freddie Blay said he had discussed the sale of Ghana’s oil assets to PetroSA with President Nana Akufo-Addo.

As far as he was concerned, the planned sale of the assets was best for Ghana, saying the state risked losing it since PetroSA had been claiming it.

“I have done nothing wrong. I have observed my conscience and I thought I was protecting the interest of the country, and I am convinced about it and if others think otherwise and if those who appointed me are saying otherwise, then so be it.

“I have spoken to the President about it, and we haven’t gotten to where he will ask for his job back. It is not about convincing the President. The law will speak for itself, and the law will talk and there are few documents on the agreement,” Mr. Blay said.

 

 

Source: https://energynewsafrica.com

South Africa: NERSA Member Advocates Review Of Electricity Regulations To Protect Consumers

A member of the National Electricity Regulator of South Africa (NERSA), Mr. Nhlanhla Gumede, has called for a review of his country’s electricity regulations to ensure consumer protection. According to him, the current laws regulating electricity in South Africa protect the suppliers from the disadvantage of the poor consumer. Speaking exclusively to the Editor of energynewsafrica.com, Michael Creg-Afful, in Accra recently, Mr. Gumede assured the people of South Africa of his avowed commitment to facilitating reforms in the country’s electricity sector. He lamented that power consumers in South Africa do not have associations and also, the larger consumers fear antagonizing Eskom, hence, failing to participate in their efforts at reforming the electricity sector to protect innocent consumers. Asked why his outfit is unable to initiate steps to fast-track reforms in the power sector, he explained that the law setting up the NERSA defines their role and it, therefore, restricts any revolutionary measure to tilt changes towards consumers without strictly adhering to the South Africa Constitution. Though Mr. Gumede expressed the hope that the process would be quickened, he stressed that unfortunately, “consumers are failing themselves by not putting up proposals to ensure changes in the sector,” which is beneficial to suppliers. Sadly, the Act setting up the NERSA confines their scope and that is why last month, an upward adjustment of over 18 per cent amid irregular electricity supply in South Africa could not be resisted because of the uncoordinated consumer front in the country. It is in the phase of these inconsistencies in the electricity supply chain in that country that compels Mr. Gumede who is an electrical engineer by profession is advocating reforms and urging South Africans to firm interest groups to fight the law regulating the sector in the country to cushion poor consumption. “Most essential service consumers in countries in Africa and other developing countries suffer this fate as a result of the way our laws regulating most essential services are formulated and regulated,” he explained.         Source: https://energynewsafrica.com

Ghana: ECG Announces Five Days’ Revenue Mobilisation Exercise From May 29

Ghana’s southern power distribution company, Electricity Company of Ghana (ECG), has hinted at embarking on a revenue mobilisation exercise across its operational areas, starting from Monday, 29th May to 2nf June 2023. According to ECG, the exercise will focus on all categories of customers who are in arrears including state-owned enterprises (SOEs). In a statement issued by ECG on Tuesday, 23 May, it said it would operate with a lean workforce to ensure its top management and staff embark on the nationwide exercise. The statement urged customers who owe arrears to settle their bills to avoid disconnection. During the last revenue mobilisation exercise, which started from March 20 to April 20, 2023, the company recovered about Gh¢3.1 billion from its customers.     Source: https://energynewsafrica.com

Ghana: NPA CEO Adjudged 2022 Outstanding Public Sector Leader

The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has received the Outstanding Public Sector Leadership Award for the Year 2022 for his exemplary leadership, innovation and transformation in the petroleum downstream industry in the country. It was also in recognition of his drive and professionalism in regulating the petroleum downstream sector. The prestigious award was conferred on him at the 7th Ghana CEO Summit held at the Kempinski Gold Hotel in Accra, earlier this week. At the same event, the Chairman of the Governing Board of the NPA, Mr. Joe Addo-Yobo, was awarded the Public Sector Board Chairman for the Year 2022. A member of the NPA Governing Board, Mr. Bernard Owusu, received the awards on behalf of Dr. Abdul-Hamid and Mr. Addo-Yobo amidst applause from the audience comprising captains of industry and business development experts. The ceremony, which involved speeches and panel discussions, was held on the theme: “Economic Sovereignty, Sustainable Corporate Governance, Digital Industrial Transformation: New Paths for Growth and Prosperity: A Private-Public Sector CEO Dialogue & Learning’’. It is recalled that Dr. Abdul-Hamid emerged as the Public Sector CEO for the Year 2022 at the Ghana Business Awards. Similarly, in 2021 the NPA Boss was awarded for his sterling leadership, business excellence, and professionalism at the Ghana CEO Excellence Awards. In his address at the seventh Ghana CEO Summit, the CEO of Chief Executives Network Ghana, Mr. Ernest De-Graft Egyir, said the awards were in recognition of the leadership, innovation and transformation exhibited by captains of industry in the public and private sectors. In his speech, a business development expert, Prof. Ayaz A. Shafi, urged businesses to review the way they operate in terms of structure and leadership. He also tasked captains of industry to take advantage of emerging issues to grow and sustain their businesses, saying “it is a sure recipe for failure if you do not take advantage of emerging issues.” Reacting to the award, Dr. Mustapha Abdul-Hamid in a tweet said: “I was the recipient of the award for “Outstanding Public Leader for the year 2022” at the just ended 7th Edition of the Ghana CEO summit. I’m extremely grateful to the Board, Management and Staff of the National Petroleum for their continuous support.”     Source: https://energynewsafrica.com

South Africa Considers Countering Its Energy Crisis With Coal

South Africa, which is going through an energy crisis, is weighing the possibility of extending the operational lives of two of its largest coal-fueled power plants to boost energy security, sources with knowledge of the plans told Bloomberg. The plants Kendal and Lethabo, which account for around a fifth of the power capacity of state-owned utility Eskom, could see their lives extended, according to Bloomberg’s sources. However, extensions of the lives of coal power plants could be a challenge to both the financially troubled Eskom and South Africa’s plans to reduce greenhouse gas emissions. At present, the Kendal and Lethabo power plants are expected to be decommissioned after 2035. The government is still assessing whether it should allow extensions of the plants’ operations, weighing energy security against pledges to cut emissions. Coal is by far the primary energy source for South Africa, accounting for around 80% of the country’s energy mix. The country is also the world’s fifth-largest coal exporter. But South Africa is going through a significant energy crisis with daily rolling power cuts that is crippling the economy, as state firm Eskom has failed to boost generation capacity to keep pace with growing demand in recent years. The South African government has recently started to push for more renewable power generation. Last month, South Africa issued the first request inviting proposals for renewable energy procurement for 3,740 megawatts (MW) in the biggest such program in Africa. “The release of this Phase One RFP comes at an opportune moment, with government remaining steadfast in eradicating the electricity and water supply challenges, and the rampant landfill shortages our country continues to face,” South Africa’s Public Works Minister Sihle Zikalala said in a statement at the time as carried by Bloomberg. Early this year, U.S. Secretary of the Treasury Janet Yellen said that the United States supports South Africa’s transition to cleaner energy and will help mobilize financing from the private sector to assist the coal-dependent country.   Source:Oilprice.com

Ghana: BOST MD, Edwin Provencal, Grabs Two Prestigious Awards At Ghana CEOs’ Summit

The Managing Director of Bulk Oil Storage and Transportation Company Limited (BOST), Mr. Edwin Alfred Nii Obodai, has been honoured with two prestigious awards at the Ghana CEO Summit awards ceremony held in Accra, the capital of Ghana. The two awards are ‘CEO of The Year 2022 for Bulk Oil Distribution in Ghana’ and ‘Outstanding Public Sector Leadership 2022’. The awards were given in recognition of Mr. Provençal’s extremely valuable contributions and his transformative leadership at the nation’s fuel logistics company since he took over the management of the company. The two enviable awards were both presented to Mr. Provençal by Ghana’s former President, John Dramani Mahama, who was the Special Guest of Honour at the event. These awards are yet again a deep sense of progress BOST has achieved under the leadership of Mr. Provençal and his Board with Mr. Ekow Hackman as its Chairman. The Board Chairman, Mr. Hackman, together with some other members of the Board of Directors and some management staff, attended the ceremony to witness Mr. Provençal scooping the awards. Mr. Provençal, on his part, thanked the President of the Republic, H.E. President Nana Akufo Addo, and the Vice President, Dr. Mahamudu Bawumia, for allowing him to serve his country. He acknowledged the continuous support of the Minister for Energy, Dr Matthew Opoku Prempeh, SIGA and that of the Board and management of BOST. Mr. Provençal also extended his appreciation to the union and the entire staff for their unflinching support in turning the company around.   Source: https://energynewsafrica.com

Ghana: Sack GNPC Board Chairman, CEO…They Pose Threats To Oil & Gas Sector —CSOs Demand

A coalition of Civil Society Organisations (CSOs) in the Republic of Ghana has asked the President of the country to immediately remove the CEO of GNPC, Opoku Ahweneeh Danquah, and the Board Chairman, Freddie Blay, from office for scheming to illegally sell Ghana’s oil assets to PetroSA, the national oil company of South Africa. According to the CSOs working on extractives, anti-corruption and good governance, the duo are threats to the nation’s oil and gas resources, saying their continuous stay in office will not mean well for the country. The CSOs, numbering about 29, comprise African Centre for Energy Policy (ACEP), Ghana Anti-Corruption Coalition (GACC), the Centre for Extractives and Development Africa (CEDA), the Public Interest and Accountability Committee (PIAC), IMANI Centre for Policy and Education and Centre for Democratic Development. The call by the CSOs followed the revelation in a letter by the Energy Minister, Dr Matthew Opoku Prempeh, that the two have planned to go ahead and sell half of the seven per cent interest Ghana acquired from Anadarko in DWT and WCTP block in 2021. Addressing the press on Tuesday, May 23, the Coordinator for the coalition, Abdul Karim Mohammed said the continuous presence of these individuals, closely associated with petroleum operations, poses significant risks to Ghana’s interests. Mr Mohammed explained that the Energy Minister, Dr Mathew Opoku Prempeh, is against a decision by the Board Chairman of GNPC, Mr Blay, for offering interest in Ghana’s oil field to a South African oil company, Petroleum Oil and Gas Corporation of South Africa (PetroSA). Mr Blay, in his capacity as the GNPC Board Chairman, is said to have written to PetroSA, offering it an equal split in the interest held by GNPC’s subsidiary, Jubilee Oil Holdings Ltd. “It is a viable field, and it is giving us a lot of money if we allow this to go forward. What it means is that PetroSA will be entitled to 50 per cent of the earnings from the field, whereas they have not had any role in developing the field to the point where it is now viable. “The information we have is that the Minister for Energy has objected to this transaction but the Chairman of GNPC Board is pushing this transaction to the extent that the Minister for Energy had written to the Jubilee House over this transaction. “We demand the immediate transfer of JOHL and all its assets from the Cayman Island and other jurisdictions to GNPC,” he stated.   Source: https://energynewsafrica.com

Ghana: Energy Minister Fights GNPC Board Chairman Over ‘Dubious’ Plan To Sell Ghana’s Oil Asset To PetroSA

Ghana’s Minister for Energy, Dr Matthew Opoku Prempeh, has mounted spirited opposition to a clandestine move by GNPC, led by its board Chairman, to sell 50 per cent of Ghana’s seven per cent interest acquired from Anadarko in the Deep Water Tano and West Cape Three Points (WCTP) block to South Africa’s national oil company, PetroSA. In a strongly worded letter sent to the Jubilee House, the seat of Government, to draw the attention of President Nana Akufo-Addo to the scandalous activity by the national oil company, Dr Matthew Opoku Prempeh described the action by the GNPC Board Chairman as an absurdity. According to the Minister, Mr. Freddie Blay, Board Chairman of GNPC, is pretty much aware that he had written to South Africa’s Minister for Energy and Petroleum Resources, Gwede Mantashe, that Ghana would not sell its seven per cent interest to PetroSA. In the said letter to Gwede Mantashe, Dr Matthew Opoku Prempeh wrote: “Honourable Minister, the Government of Ghana would like to reiterate that we cannot support PetroSA in its quest to pursue pre-emption of Jubilee Oil Holdings Limited (JOHL) stakes that have already been acquired by Ghana, as this would be inconsistent with our stated objectives of increasing the State’s stakes in our natural resources development including oil and gas. This policy informed the use of state funds in this acquisition,” parts of the letter dated 24/11/2022 stated. Despite being copied and aware of the Minister’s letter to South Africa’s Minister for Energy and Mineral Resources, the Board Chairman of GNPC, Mr. Freddie Blay, on 23rd May 2023, wrote to PetroSA: “We receive your last letter dated 22nd December 2022 and noted the contents thereof. Under this, and further, our meetings regarding the said pre-emption transaction in line with the rights afforded to PetroSA in the DWT Joint Operating Agreement, and on the discussion of an equal split in the DWT interest held by JOHL with PetroSA and GNPC, we, as mentioned in conversation, sought guidance from our legal advisors on the matter. “Consistent with the said advice, the GNPC Board has considered and is agreeable to your proposal to share the interest in an equal split in the DWT interest held by JOHL. Our Board, considering your strong views in maintaining PetroSA”s claim to pre-emptive rights afforded under the DWT Joint Operating Agreement, and being desirous to continue to cultivate the cordial relationship between our two entities to agree that this split is prudent to both parties’ interest.” This letter by the GNPC’s Chairman is what incensed Ghana’s Minister for Energy to report him to President Nana Akufo-Addo.  

Why Aker Energy Is Able To Take The People Of Ghana For Fools!(Opinion )

By Dr A Ofori Quaah  “Nobody can make you feel inferior without your consent.” (Eleanor Roosevelt, 1884 – 1962)  In plain language, Aker Energy of Norway has perpetrated a number of scams on the thirty million people of Ghana with the connivance of state officials and institutions, and as it now seems, journalists and media organisations whose duties include bringing into the public domain the ills of society, especially those who take advantage of their vantage positions to enrich themselves and impoverish the nation. For starters, Aker Energy should never have been re-admitted to Ghana because of the fraudulent manner in which it managed to enter Ghana the first time. It seems clear that the company succeeded the second time because it was fronted by powerful individuals and or groups that were very close to the corridors of power at the time. The Law establishing GNPC and the Petroleum Law are very clear about who qualifies and who doesn’t, to apply for blocks in Ghana. In the old days when GNPC exercised oversight duties for exploration and production in Ghana’s basins, the corporation did background checks on every company that applied for blocks in Ghana. Clearly, with its previous record and the fact that the exploration and production subsidiary was only about three years old, Aker Energy would never have been invited to sit with the GNPC/Government negotiations team for any discussion whatsoever! The company obviously used its connections in high places in Ghana to come back to the country. For its “impersonation,” using an unregistered local company, GNPC should never have paid for the so-called $29million seismic survey. In the old days, GNPC would never have agreed to that. By law, GNPC on behalf of the Ghana government, is entitled to EVERY dataset that is acquired in Ghana.  That means the corporation would have had in its possession a copy of the dataset anyway. And under Ghana’s law, if Aker Energy had to give up its acreage because it had committed fraud, it could not take the data away anyway. The dataset belonged to the Government of Ghana. Clearly, the people in charge of GNPC at the time either did know what they were doing or something more sinister might have happened. There are many people still in Ghana and around the world who know about these things. It is just a matter of contacting them. By taking over Petrica’s assets in Ghana, Aker Energy assumed the rights, contractual obligations and responsibilities of Petrica. Undoubtedly, it was obvious that Petrica had an uncompleted Work Programme, which could be either appraisal or development. This would have been approved by the Government of Ghana through Parliament. If Aker did not complete that work programme, there were consequences. The company would have had to forfeit posted bonds or else would pay penalties.   Why was it left off? Instead, they rather insultingly asked for payment from the government of Ghana! Secondly, somewhere along the line, Aker Energy discovered that being in ultradeep waters (no company, not even Petrobras, was producing in such water depths anywhere in the world), the block was not as lucrative as it believed earlier, and so needed to offload it onto somebody. And who else will be so gullible as GNPC, which tried to convince the poor overtaxed Ghanian taxpayer to fork out a whopping $1.3billion as upfront profit for an incompetent and dubious operator. It was clear that someone was not giving the true picture to the people of Ghana. Technically, Aker Energy had contractual obligations to appraise or develop the field. If for technical or financial reasons it could do so, it had to hand the field/block back to the government of Ghana and pay penalties for breach of contract. In which case, GNPC would assume ownership of the block on behalf of the Government and people of Ghana FREE OF CHARGE! This is Level 1 Exploration and Production, no rocket science. There is history on that score. Phillips Petroleum Company discovered the Tano fields in 1976/77. When the company realised that it could not profitably produce them, it sat out its contracts and handed the fields over to the Government of Ghana in 1981, without the state paying a penny. If Akers Energy could not develop its “discovery” for financial or technical reasons, why should the poor Ghanaian taxpayer reward their incapability? Why wouldn’t we allow it to stew in its own filth until it walks away and we can take the field(s) back for free, which happens in industry all the time? As the article says GNPC has been given $1.6Billion as ‘enablement fund’ to “practise” field development and production. With such colossal figures, the corporation should be able to go out into the world to operate oil and gas fields. Petroci of Cote d’Ivoire did not have a millionth of that before it successfully went into field production in Texas of all places! What has the corporation done with all that money? And nobody has so much as answered a query so far. Rather, they were asking the poor taxpayer to put in more! Some national and independent companies cut their teeth with onshore development and production. If the corporation is serious about learning to operate oil and gas fields, then a quarter of the “enablement” endowment could cover the drilling and appraisal of a stratigraphic well to test the viability/prospectivity of the Voltaian Basin. That is an onshore block, easy to deal with. That would be a more sensible national objective and better value for money. Conclusion  Civil society organisation must get involved and seek redress at the international court of justice. Citizens and state officials of countries like America, Norway and United Kingdom love to point to Africa’s poverty in the midst of plenty as being the result of the corruption of her peoples and governments. However, they are among the worst offenders when it comes to corrupting African officials. Let Ghanaian patriots around the world come together to file charges against this rogue Norwegian company at the international court of justice. The future of the youth of Ghana is being sold for a song. It is time for Ghanaians below age 40 to rise up and say enough is enough. These old hags are setting too many booby traps for you and your children! Let this be a test case. The people of Ghana must not allow this Norwegian rogue to get away with this insult to our 30 million citizens!     The writer is a former CEO of GNPC under the erstwhile John Agyekum Kufour administration. He is currently residing in Bedfordshire, England.

Ghana: Top GNPC Official Demands Bribe From US Firm…But Corporation Has Denied Wrongdoing

A top official of Ghana’s national oil company, GNPC, has allegedly demanded a bribe from TSB Offshore, Texas, USA-based oil and gas company, energynewsafrica.com sources have revealed.

TSB Offshore, a global oil and gas firm with expertise in decommissioning, recently pulled out from a partnership with Ensol Energy Ghana, a Ghanaian firm which won a project management consultancy contract for the decommissioning of the Saltpond Oilfield at Hini in the Central Region, Ghana, in a move that shocked many industry watchers.

The actual contract was awarded to Hans & Co. Oil and Gas Limited but Ensol Energy Ghana and TSB Offshore were awarded a project management consultancy contract.

According to sources close to the decommissioning project, the GNPC guru who was in Texas recently went to the office of the company and demanded some cuts from the contract sum.

Sources close to the project revealed that TBS Offshore was upset by the demand by the GNPC’s top official and, therefore, decided to invoke the US Foreign Corrupt Practices Act (FCPA), a law against bribery of public officials abroad and pulled out of the partnership with Ensol Energy Ghana Limited.

This portal made about three attempts to speak to Ensol Energy Ghana Limited to speak to them to confirm or deny the demands by the top GNPC official.

Unfortunately, a lady who spoke to the editor of this portal claimed that she had given the number to the one in charge of communications to respond to our queries, but the fellow never reached out to us as promised.

This portal has emailed TSB Offshore about the issue; they are yet to respond.

Interestingly, a Paris- based Africa Intelligence, last Tuesday, May 16, 2023, published a story which alleged procurement breaches in the award of the Saltpond Oil Field Decommissioning Project.

The report suggested that Ensol Energy Ghana was awarded the contract because it was linked to Nana Kofi Frimpong, the GNPC’s CEO’s technical aide.

The report alleged that by the time Ensol and TSB Offshore were contracted, 70 per cent of the consultancy work had been done by GNPC’s technical team which had been working on the project since April.

However, reacting to the story by Africa Intelligence, Ghana’s national oil company, GNPC rejected claims that TSB’s withdrawal was a result of malpractices by anybody related to GNPC.

The corporation explained that Ensol indicated in a communication that “TSB decided to prioritise other contracts it had over the project management consultancy contract due to the prolonged procurement process from tender submission in October 2022 until contract execution at the end of January 2023. Nowhere in the Communication between GNPC and Ensol is there a suggestion that TSB’s withdrawal was as a result of malpractices by anybody related to GNPC, and as such anybody suggesting that must provide evidence.”

 

 

 

 

 

Source: https://energynewsafrica.com

Ghana: Eni Ghana, OCTP Partners Join GEA To Train Entrepreneurs In Western Region

Eni Ghana, on behalf of its OCTP partners, Vitol Upstream Ghana Ltd (Vitol) and Ghana National Petroleum Corporation (GNPC), together with Ghana Enterprises Agency (GEA), has provided entrepreneurship and small business management training for over 900 beneficiaries. The initiative targeted individuals from ten communities namely Atuabo, Bakanta, Ngalekye, Sanzule (including Anwolakrom fishing area), Krisan, Eikwe, Anokyi, Ngalekpole, Asemda and Baku in the Ellembelle District of the Western Region. The project was carried out under the Economic Diversification Building Business Project, which focused on women, youth and marginalised groups to enable the establishment of Micro, Small and Medium Enterprises (MSMEs), fostering an entrepreneurial culture and supporting the local economy of the district. The training included subjects such as entrepreneurship, financial literacy, as well as technical workshops to create an enabling environment for job creation. Over 900 beneficiaries received training in Entrepreneurship and Business Management, Health and Environmental Management, Compliance and Regulatory Support, Branding and Packaging, as well as support to formalise their businesses with the Office of the Registrar of Companies. Technical skills training was also offered in various trade areas such as livestock, agro and fish processing, food and drink production, textiles, garment and accessories production, toiletries and cosmetics production, leather, rattan and woodworks, bamboo and catering services. The project, designed in collaboration with the World Bank, is part of the sustainability initiatives that Eni Ghana, together with its OCTP partners, Vitol and GNPC, is carrying out to impact the communities by supporting start‐up businesses to enhance employment opportunities. It has been very well received by all stakeholders, including the leadership of the various communities and the Ellembelle District Assembly. Ghana Enterprises Agency is the apex governmental body under the Ministry of Trade and Industry mandated to promote and develop Micro, Small and Medium Enterprises (MSMEs) in Ghana. Eni is a global integrated energy company operating in 69 countries. It has been present in Ghana since 2009 with its upstream activity and currently accounts for a gross  production of about 70,000 barrels of oil equivalent per day.  

Nigeria: Dangote Refinery Will Supply First Product To Market By July, Says Aliko Dangote

Nigerian businessman and owner of Africa’s largest crude oil refinery, Aliko Dangote has revealed that his refinery will supply its first tranche of petroleum products to the market by July. The businessman spoke on Monday prior to the official commissioning of the 650,000 barrels per day (BPD) integrated refinery project located in the Lekki free trade zone area of Lagos state. “Our first products will be in the market before the end of July, in the beginning of August this year,” he said. The $19 billion refinery is expected to be commissioned by President of Nigeria H.E. Muhammadu Buhari later today, Monday, May 22, 2023.      Source: https://energynewsafrica.com  

Nigeria: President Buhari To Commission Africa’s Largest Refinery Today

Nigerian President Muhammadu Buhari is expected to join other global oil and gas players to officially commission the Dangote Refinery, Africa’s largest crude oil refinery at Lekki Free Zone, Lagos State, today, Monday.

The refinery, situated on 6,180 acres (2,500 hectares), is currently the world’s largest single-train refinery and will produce as much as 650,000 barrels of crude per day.

Its pipeline infrastructure is the largest anywhere in the world, with 1,100 kilometres to handle three billion Standard Cubic Feet per day (Scf/d) of gas due to the large capacity of the refinery.

The refinery is expected to help Nigeria to address its fuel issues.

The refinery had an initial price tag of $12 billion but ended up costing $19 billion as it ran into delays.

Processing is scheduled to begin in June, although, according to Energy Aspect it could begin later in the year, and it would ramp up gradually to full capacity by 2025.

The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Festus Osifo, is convinced that the coming onstream of Dangote Refinery would cut the importation of petroleum products by NNPC Limited.

He said with the refinery, there would be an impact on the fuel subsidy dynamics.

“We welcome the bold move by operators of Dangote Refinery coming on stream soon and hope that its addition will enhance local production, reduce products importation, as well as end the era of uncertainties in petroleum products pricing and evils of subsidy payment,” he said.

Meanwhile, the Lagos State government has advised residents to plan their movements around the Lekki-Epe corridor ahead of the inauguration of the refinery.

Commissioner for Transportation, Dr Frederic Oladeinde stated at Ikeja that residents should particularly plan their movements in and out of the Lekki-Epe corridor between 8 a.m. and 2 p.m.

He stated that the advice became necessary to forestall avoidable delays while travelling as high vehicular movement was expected in the area because of the inauguration.

Oladeinde stressed that Lagos State Traffic Management Authority and other traffic regulation personnel had been directed to ensure effective management and smooth traffic in the area.

He appealed to motorists and other road users to cooperate with the state government to ensure seamless traffic flow during the period.

 

 

Source: https://energynewsafrica.com