LONDON, July 9 (Reuters) – Oil prices climbed on Wednesday, maintaining their highest levels since June 23, lifted by attacks on shipping in the Red Sea, along with concerns over steep U.S. tariffs on copper and a forecast for lower U.S. oil production. Brent crude futures gained 48 cents, or 0.7%, to $70.63 a barrel...
Month: July 2025
Post
Post
Eni Ghana and partners submit Plan of Development for Eban-Akoma Discoveries to Government
Eni Ghana and its Joint Venture (JV) partners have formally declared the commercial potential of the Eban-Akoma hydrocarbon discoveries located in the Cape Three Points Block 4 (CTP-B4) offshore Ghana. This move marks a pivotal advancement toward full-scale development of the oil and gas fields. The Declaration of Commerciality, officially submitted on July 3, 2025,...
Post
Viewpoint: Strategic coalitions in nuclear business
Eni Ghana and its Joint Venture (JV) partners have formally declared the commercial potential of the Eban-Akoma hydrocarbon discoveries located in the Cape Three Points Block 4 (CTP-B4) offshore Ghana. This move marks a pivotal advancement toward full-scale development of the oil and gas fields. The Declaration of Commerciality, officially submitted on July 3, 2025,...
Post
Dangote Refinery to Rely Fully on Nigerian Crude by End of 2025, Company Says
Lagos, Nigeria — The $20 billion Dangote Refinery, Africa’s largest oil refining complex, is set to run entirely on Nigerian crude oil by the close of 2025, marking a critical shift toward domestic energy self-reliance for Africa’s biggest oil producer. According to Devakumar Edwin, Executive Vice President of Dangote Industries, the 650,000-barrel-per-day refinery owned by...
Post
Ghana’s Energy Minister Announces Temporary Nationwide Power Disruption on July 13 Due to ENI Gas System Upgrade
Ghana’s Minister for Energy and Green Transition, John Abdullai Jinapor, has announced a scheduled power interruption across the country on Sunday, July 13, as Italian energy giant ENI undertakes critical maintenance on its gas infrastructure. The temporary shutdown, which will involve ENI turning off its gas valves, is part of ongoing efforts to boost the...
Post
PHDC and UKGCC Strengthen Strategic Collaboration to Advance Ghana’s Petroleum Hub Vision
The Petroleum Hub Development Corporation (PHDC) and the UK-Ghana Chamber of Commerce (UKGCC) have reaffirmed their commitment to a strategic partnership aimed at driving the successful realization of Ghana’s Petroleum Hub—an ambitious project set to transform the country into a regional energy and petrochemical powerhouse. The renewed pledge was made during a courtesy visit by...
Post
Oil exploration drives Namibia’s foreign investment to N$13.9 billion
Ongoing oil exploration and appraisal activities have propelled Namibia’s net foreign direct investment (FDI) to N$13.9 billion in the first quarter of 2025, according to the Bank of Namibia. The surge represents a 28.8% increase from the previous quarter and a 14.5% rise year on year, underscoring the impact of sustained activity in the country’s...
Post
Nigeria Togo Owe Over $11 Million in Q1 2025 Electricity Debt
In the first quarter of 2025, Benin and Togo accumulated more than $11 million in unpaid electricity bills to Nigeria, according to the Nigerian Electricity Regulatory Commission (NERC). Out of a total $17.24 million billed to six international customers, only $5.8 million was recovered, representing a collection rate of just 34%. While Niger Republic fully paid its invoice of $3.03 million,...
Post
U.S. Department of Energy Warns Risk of Blackouts Is Rising
The U.S. Department of Energy has warned that blackouts could increase substantially in the coming years unless more baseload capacity is added to the grid. The department issued its warning in a report that said the premature retirement of generation capacity and the delay in replacing that capacity with new baseload facilities had created a mismatch between...
Post
GMP expresses concern over misleading media reports based on spurious petition
Accra, Ghana – 7th July 2025 – GMP has taken note of several recent media reports that appear to be based on a petition allegedly submitted by Petraco Energies DMCC to the Economic and Organised Crime Office (EOCO). These reports repeat claims that are not only inaccurate but also misleading and damaging, creating an unfortunate...