Ghana: ECG MD Named Most Respected CEO Of Power SectorThe African energy industry is capable of embracing climate concerns and at the same time continuing to develop its natural resources to benefit the poor, create jobs and promote an inclusive economic development. Mozambique’s LNG is important to the world and will act as a bridge to other sources of energy, and local businesses should be ready to participate in this development. Local content and jobs must not be catch phrases, they must be real. African businesses and entrepreneurs have a role to play and must push for an enabling environment that will spur investment, entrepreneurship and growth. “The government and energy companies have recognized the amazing opportunity that gas offers to change our economic ambitions, and there is a clear intent to monetize these resources for the benefit of Mozambicans. This will be possible only through an increase in investment into infrastructure,” added Florival Mucave. “The issues around domestic gas and local concerns will be resolved with a market driven approach. This will pave the way for the use affordable and abundant gas to launch an industrial and agricultural-led growth, improve our trading abilities regionally, effectively increase the Mozambican spending power, and revitalize our economy in a post Covid -19 environment,” he concluded. Mozambique is already benefiting from its collaboration with the African Energy Chamber, the largest energy industry lobby group in the continent. Such collaborative platforms between the public and private sector needs to be encouraged to drive investment in gas and monetization across industries, for the benefits of African factories and households. “We stand ready to share lessons learnt from other gas producers with Mozambique. There are a lot of resources across our network when it comes to gas monetization, including successful deals, in-depth industry experience and market driven policies that can ensure Mozambique’s energy success,” declared NJ Ayuk, Executive Chairman of the African Energy Chamber. “Mozambique is in a unique position to capitalize on these opportunities and I am confident it will. Our industry needs to collaborate with government to develop smart policies and drive up the economy. Total, Exxon, ENI are part of the solution and we must work with them and provide the incentives to collectives achieve such opportunities that benefit Africans as a whole,” he added. Source: www.energynewsafrica.com
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Ghana: Respect EC’s Declaration Of Akufo-Addo As President-Elect And Move On-Energy Minister To Ghanaians
Ghana: Renewable Energy PPAs With Total Capacity Of 2,265MW Reduced To 515MW-Amewu“Ghana is one and Ghana has one president,” he stated. “Whether you voted for the NDC or NPP, the EC has declared the winner and we must all respect it,” he advised the staff. Mr. Amewu, who contested the Hohoe Constituency seat on the ticket of the ruling New Patriotic Party (NPP) and won, thanked the staff for holding the fort and working hard when he and his deputies, who contested for parliamentary seats and also won, were in their constituencies campaigning. “For every person who worked, I’m most grateful,” he concluded.
Source: www.energynewsafrica.com
Ghana: We’re Resolving Prepaid Customers Challenges-ECG
Ghana: BOST Chalks Impressive Feat A Year Under Edwin Provencal
Ghana: BOST Revamps Buipe-Bolga Pipeline; Tema-Akosombo To Come Online SoonMeanwhile, the company also realised GHS178 million in revenue from other sources in 2020, as compared to GHS123 million realised in 2019. Turn Around Time At Depots Previously, it took about four hours for Bulk Road Vehicle (BRV) drivers who went to BOST depots to load fuel. However, after a restructuring exercise at the depots, it now takes about two hours and 30 minutes for the drivers to go through pre-loading and post loading process and exit the depots. Reduction In Expenditure In 2019, the company’s expenditure stood at GHS400 million. However, the figure has been reduced significantly to GHS163 million in 2020. 2021 Outlook Going forward into 2021, Mr. Provençal stated that other steps the company plans to take include upgrading of BOST Depots, shipping of 12″ pipes stack in Houston, USA to Ghana, repair of remaining two defective barges, implementation of performance management system and reclassification of staff placement and salary and addressing salary issues. Staff Commendation Mr. Provencal commended staff of BOST for working very hard for achieving parts of the company’s target for the year 2020. In his view, it would take the company about five years to set it on sound footing. He charged the staff to continue to support management to turn the company around for the benefit of the majority and not selected few. “We’re on a five year journey and we’re in the first year. By year two, we’re going to get better and by the time we get to year five, we will have arrived. “What we need is resilience and focus from all & sundry despite the obstacles. I won’t take decisions that will benefit only a few: my decisions will benefit the majority of staff who are making things happen,’’ he explained. Mr. Provencal promised not to repeat the mistakes of his predecessors, assuring the staff that he would make sure that staff are rewarded based on their performance but not on favouritism. “I believe in rewarding people who deserve it,” he said. Source: www.energynewsafrica.com
Equatorial Guinea Intensifies E&P Activities In 2021
Fitch Sees Brent At $45 Next YearNoble Energy will conduct refurbishment work on its Aseng floating production storage and offloading (FPSO) unit over a period of 10 days, with the objective of maintaining safety, reliability and productivity of the infrastructure, as well as complying with regulations of the ABS (leading U.S. offshore classification society). Intervention works will also be carried out in wells 5P and WI-1. Meanwhile, maintenance works will be conducted on the Zafiro, Jade and Serpentina infrastructures, with execution planning activities carried out ahead of well repairs on the Jade Platform by 2022, along with optimization of production and management of inactive wells. Serving as the country’s most prolific asset, the ExxonMobil-operated Zafiro field was producing 90,000 barrels per day (pre-COVID-19) via the Jade fixed production and drilling platform and Serpentina FPSO. Details of the 2021 Work and Budget Program follow an announcement by the Ministry of Mines and Hydrocarbons last week (https://bit.ly/3phvUbq) forecasting $1.1 billion in upcoming foreign direct investment into the oil and gas sector. As of October, total crude oil production in the country in 2020 stands at 35.15 million barrels, translating to an average daily production of 115,250 barrels per day. Total condensate production amounts to 9.48 million barrels, translating to an average daily production of 31,079 barrels of oil equivalent per day. The Ministry has set its sights on boosting hydrocarbon output by facilitating the influx of foreign capital and enabling operators to carry out capital-intensive E&P activities in 2021.
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Nigeria Commissions LPG Plant At Oredo (Photos)
The operator will export this gas to the local market via the Escravos Lagos Pipeline System (ELPS), producing a potential 367 MW of power. It will also produce 330 tonnes per day of LPG, 345 tonnes of propane and 2,600 barrels of condensate. The plant will meet 20% of Nigeria’s LPG demand. “This translates into a daily load out of 17 trucks of LPG and 22 trucks of propane,” Nigerian National Petroleum Corp.’s (NNPC) managing director Mele Kyari said. Kyari noted the importance of gas revenues during 2020, when oil prices plummeted. “This has given us the courage to pursue other projects,” he said. NPDC is a “leading supplier of gas” for the domestic market and is expected to be the country’s top producer of oil in two or three years, the NNPC official said. Local companies Network Oil and Gas carried out work on the project, while Loneb Resources Nigeria was a subcontractor for piping and structures. NPDC opted to go ahead with the plan in 2015. The company expects revenues from the plant to be around $200mn per year.VIDEO:
— NNPC Group (@NNPCgroup) December 22, 2020
GMD @MKKyari on the impact of today's Presidential Commissioning of #NPDC's #IGHF will have on the domestic gas market.
"Aside the #IGHF, all our remaining gas infrastructure projects (AKK, OB3 & ELPS 2 Pipelines) are on course and we shall deliver them to Nigerians." pic.twitter.com/zAO0fn4shR
Nigeria: Buhari Commissions NPDC’s Edo Integrated Gas Plant Today
Ghana: GOIL Rolls Out National Give-Away Bonanza To Customers
In one of such give-away bonanzas, the Managing Director and Group CEO of GOIL, Kwame Osei-Prempeh joined the South Zonal team to hand over gift items to customers at its PRESEC service stations.
Mr. Osei Prempeh handed over T. shirts, Drinking mugs and Face towels to customers and encouraged them to continue to patronize GOIL products because patrons will get double benefits of quality products and value for money.
The Zonal South Manager, Helen Kyeremateng urged customers to continue to patronize GOIL products such as the Super XP RON 95, its additivated Diesel, and trusted lubricants.
All of GOIL’s over 400 service stations are taking turns to roll out the Giveaways during the yuletide.


