Italian oil major Eni expects profits from its green businesses to rival those from oil and gas within a decade, in a bold bet that contrasts with a retreat from renewables by Shell and BP after lacklustre returns. “By 2035, the [operating profit] created by our new companies will balance what is coming from oil...
Day: July 28, 2025
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NOVA Fuel Launches 18th Filling Station in Walewale, Targets Leadership in Oil Marketing Sector
Ghanaian oil marketing firm NOVA Fuel has inaugurated its 18th fuel filling station in Walewale, located in the North East Region, reinforcing its aggressive nationwide growth strategy aimed at becoming the leading Oil Marketing Company (OMC) in Ghana within the next five years. The newly commissioned station is part of NOVA Fuel’s broader vision to...
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Government of Sierra Leone Completes 33kV Power Line Installation Between Bo and Kenema
The Government of Sierra Leone has completed the installation of the 33kV transmission power line between Bo and Kenema. According to recent updates, the network will be powered in the coming weeks, bringing stable electricity to more than 300000 people across the two cities and nearby areas. The project is part of a broader energy...
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Namibia targets 15% local participation in oil and gas, up from current 10%
Namibia is aiming to raise local content and carried participation in the oil and gas sector from 10 percent to 15 percent by 2030, as the country prepares to leverage its petroleum discoveries for national development. This was announced by Kornelia Shilunga, Special Advisor and Head of the Upstream Petroleum Unit, during her address at...
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Galamsey Threatens Ghana’s Onshore Oil Prospects—GNPC Board Member Warns
Illegal mining activities commonly referred to as galamsey pose a significant threat to Ghana’s plans to develop onshore oil resources, according to Kwame Jantuah, a board member of the Ghana National Petroleum Corporation (GNPC). Speaking on TV3’s New Day programme on Friday, July 25, Mr. Jantuah cautioned that rampant galamsey operations in key exploration zones,...
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PHDC Boosts Staff Competence with Intensive Project Management Training
The Petroleum Hub Development Corporation (PHDC) has successfully concluded a rigorous three-week training programme aimed at strengthening the project management capabilities of its Operations and Technical Department staff. The capacity-building initiative covered a comprehensive range of methodologies and practical modules designed to enhance project execution efficiency. It was facilitated by acclaimed project management consultant Mohammed...
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BoG Confirms GHS¢2.14bn Loss from Discontinued Gold for Oil Programme
The Bank of Ghana (BoG) has revealed it incurred a total loss of GHS¢2.14 billion under the now-defunct Gold for Oil (G4O) programme, which aimed to stabilise domestic fuel prices and reduce pressure on foreign exchange reserves. This disclosure was contained in an official response to a Right to Information (RTI) request submitted by energy...