Springfield Exploration and Production Limited (SEP) has firmly denied allegations made by Petraco Oil Company SA, describing them as “false, unfounded, and without merit.” The accusations surfaced after Petraco filed a petition with the Economic and Organised Crime Office (EOCO), prompting widespread media attention. However, Springfield insists the matter is purely a commercial dispute currently...
Month: July 2025
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Brazil and China energy agreements include uranium focus
Brazil’s Ministry of Mines and Energy and China General Nuclear Power Group have signed a letter of intent to cooperate on energy transition efforts, sustainability “and the peaceful and sustainable use of nuclear mineral resources in Brazil”. The agreement was signed during the BRICS summit being held in Brazil and was part of a wider...
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Underwater turbine spinning for 6 years off Scotland’s coast is a breakthrough for tidal energy
Submerged in about 40 meters (44 yards) of water off Scotland’s coast, a turbine has been spinning for more than six years to harness the power of ocean tides for electricity — a durability mark that demonstrates the technology’s commercial viability. Keeping a large, or grid-scale, turbine in place in the harsh sea environment that...
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COPEC and GPRTU Demand Clarity on GH¢1 Fuel Levy, Urge Time-Bound Implementation
The Chamber of Petroleum Consumers (COPEC) and the Ghana Private Road Transport Union (GPRTU) are calling on the government to provide clear timelines and transparent accountability measures for the newly announced GH¢1 levy on petroleum products. Set to take effect on July 16, 2025, the levy excluding Liquefied Petroleum Gas (LPG)is aimed at helping to...
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High Energy Costs Threaten Viability of 24-Hour Economy – GNCCI CEO Warns
The Chief Executive Officer of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu-Aboagye, has raised red flags over Ghana’s high industrial energy costs, warning that they could undermine the successful implementation of the 24-hour economy policy recently launched by the National Democratic Congress (NDC). Speaking on PM Express on a popular TV...
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DR. WISDOM ENANG EXAMINES NIGERIA’S BOLD STRATEGY TOWARDS ASSERTING ITSELF AS A GLOBAL ENERGY GIANT
Emmanuel Aboagye Wiafe A shrewd and globally respected oil and gas consultant, Engr. (Dr.) Wisdom Patrick Enang has intimated that Nigeria’s oil and gas sector is currently undergoing a positive seismic transformation. Dr. Enang stated this on Friday, July 5 while speaking with newsmen on energy related issues. In an opening address, the erudite scholar...
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Renewable Energy Could Save Africa $5 Trillion by 2050 – Report
Emmanuel Aboagye Wiafe A groundbreaking report has revealed that Africa could save up to $5 trillion by fully transitioning to renewable energy by 2050 while dramatically improving energy access, solving persistent power shortages, and creating millions of jobs across the continent. The study, released by Powershift Africa in collaboration with the University of Technology Sydney’s...
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Climate change erodes 84% of Lagos coastline – Report
A report on the state of Lagos housing market has revealed that over 84 per cent of the city’s coastline has receded over the past 50 years due to a combination of unchecked coastal erosion, rising sea levels, and human activities. According to the recent report, Lagos is grappling with climate-induced challenges, particularly coastal erosion,...
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Floating nuclear power plants to be evaluated for Mediterranean
Friday, 4 July 2025 The American Bureau of Shipping, Core Power and Athlos Energy are to collaborate on the evaluation of the potential of deploying floating nuclear power plants to meet the energy demands of islands, ports and coastal communities in the Mediterranean Sea. The partners will research how floating nuclear power plants (FNPPs) can...
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OPEC+ speeds up oil output hikes, adds 548,000 bpd in August
By Alex Lawler, Maha El Dahan, Olesya Astakhova and Ahmad Ghaddar LONDON, July 5 (Reuters) – OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped – and then retreated – following Israeli and U.S. attacks on Iran. The group, which pumps about half...