(Reuters) -Top U.S. oil producers Exxon Mobil and Chevron are expected to report their lowest earnings in four years when they release second-quarter results on Friday, as weaker oil and gas prices slashed revenue. The April-June quarter covered a volatile period in which the OPEC+ group of producers continued raising their production volumes, putting pressure...
Day: August 1, 2025
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Solar Emerges as Vital Solution to South Africa’s Power Cuts
South Africa is aggressively turning to solar power to combat its long-standing energy crisis. From large-scale projects to rooftop panels on homes and businesses, the country is embracing solar as a critical tool to address power cuts that have plagued the nation for over a decade. Since early 2024, a massive surge in private solar...
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Tamale Faces Power Supply Risk as VRA/NEDCo Staff Withdraw Services Over Assaults
Tamale and nearby communities may soon experience disruptions in electricity supply following a service withdrawal by staff of the Volta River Authority (VRA) and the Northern Electricity Distribution Company (NEDCo), the Ministry of Energy and Green Transition has announced. The decision to halt services was taken after an emergency meeting on Thursday, July 31, 2025,...
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Ghana Secures $1 Billion for Climate Financing to Boost Green Transition Projects
Ghana has secured a significant $1 billion package to support climate financing initiatives aimed at accelerating the country’s clean energy transition, Energy Minister John Abdulai Jinapor has announced. Speaking through a representative at a climate and energy forum hosted by the University of Energy and Natural Resources (UENR) in Sunyani, the Minister revealed that the...
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GOIL Maintains Fuel Prices for First Pricing Window of August 2025
Accra — August 1, 2025 GOIL PLC has announced that it will maintain existing pump prices for its range of fuel products in the first pricing window of August 2025, offering relief to motorists amid fluctuating global oil market trends. In a public notice issued to consumers, the company confirmed that there will be no...
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GOIL Sees Q2 Profits Slump by Over 50% Despite Revenue Growth in Tough Market
Accra — August 1, 2025 GOIL PLC, Ghana’s leading indigenous oil marketing company, has reported a sharp decline in profits for the second quarter of 2025, even as revenues ticked upward a sign of persistent cost pressures and tight margins plaguing the downstream petroleum sector. Unaudited financial results for the period ending June 30, 2025,...
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GOIL Brings the Energy to Nsawam and Koforidua with Vibrant Community Engagements
Nsawam/Koforidua — August 1, 2025 GOIL PLC continues to deepen its relationship with transport operators and everyday drivers through lively, on-the-ground customer engagement events in Nsawam and Koforidua led by the South-East Marketing Zone. The two community activations formed part of GOIL’s broader effort to directly connect with key stakeholders in Ghana’s transport ecosystem, offering...
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GOIL Unveils Smart Energy Innovations in Final Leg of Nationwide Stakeholder Tour
Accra — August 1, 2025 GOIL PLC is charting a bold new course for Ghana’s energy future with a suite of transformative initiatives aimed at redefining fuel retailing and accelerating the country’s transition toward smart, clean energy. At a high-level stakeholder engagement in Accra the final leg of a nationwide tour with dealers from the...