MOSCOW, Sept 24 (Reuters) – Ukrainian drones attacked one of Russia’s largest petrochemical complexes, Salavat in the southern Bashkortostan region, for the second time in less than a week, the local governor said, and two sources said a major unit caught fire.Ukraine has attacked more than 10 Russian refineries and export terminals over the past...
Month: September 2025
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Data, Infrastructure, and Leadership: The Pillars of Ghana’s Upstream Competitiveness
At the recently ended Africa Oil Week 2025 held in Accra, CEO of Ghana National Petroleum Corporation (GNPC) Kwame Ntow Amoah, delivered a compelling message to investors and policymakers, he said Ghana’s competitive edge in the upstream sector hinges on more than just fiscal incentives. During a high-level panel on “Enhancing Competitiveness and Investment in...
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ASEC PRAISES PURC FOR NOT ACCEDING TO ECG KILLER TARIFF PROPOSAL
The Africa Sustainable Energy Centre (ASEC) has commended the Public Utilities Regulatory Commission (PURC) for fairly regulating electricity prices, placing customers first by approving only 1.14 percent increase instead of the outrageous 225 percent proposed by the power distribution company ECG. In a statement signed by the Director of Research and Innovation Dr, Elvis Twumasi,...
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Bill Gates strikes major partnership to build next-gen nuclear reactor: ‘A global nuclear supply’.
Microsoft founder and billionaire Bill Gates is helping to advance a growing source of nuclear energy with an overseas energy developer. The American businessman met Chung Ki-sun, vice chairman of South Korean shipbuilding giant HD Hyundai, to discuss coordinating the development of small modular reactor (SMR) projects as part of its partnership with Gates’ nuclear...
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Nigerian regulator pulls approval for TotalEnergies’ $860m asset sale to Chappal Energies
TotalEnergies’ sale of a minority stake in a Nigerian onshore oil producer has fallen through, Nigerian regulators said on Tuesday, in a setback to the French oil major’s strategy to sell mature, polluting assets and pay down debt.Total agreed in July 2024 to sell its 10% stake in Shell Petroleum Development Company of Nigeria Limited...
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PURC raises electricity tariffs by 1.14% from Oct. 1
The Public Utilities Regulatory Commission (PURC) has announced a 1.14 per cent upward adjustment in electricity tariffs for all consumer categories, effective October 1, 2025.Water tariffs will however remain unchanged over the same period. In a statement signed by Acting Executive Secretary Shafic Suleman, the Commission said the decision follows its Quarterly Tariff Review Mechanism,...
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Fuel prices rise with petrol now at GH¢13.38, diesel GH¢14.20
Some Oil Marketing Companies (OMCs) have begun adjusting prices at the pumps, with GOIL leading the way.A litre of petrol is now selling at GH¢13.38, up from GH¢12.99 on September 2, 2025. Diesel has also increased to GH¢14.20 per litre, from GH¢13.90. GOIL, the second-largest player in the industry, is the first to adjust prices...
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ASEC SAYS ECG CAN’T DEMAND INCREASED TARRIFS WITHOUT ACCOUNTABILITY ON MISSING CONTAINERS AND GHC 1 DEBT LEVY
The Africa Sustainable Energy Centre ASEC has rejected the Electricity Company of Ghana (ECG’s) request to increase electricity tariffs by 225%. ASEC says before any such review is considered, the ECG must first account for its missing containers, give progress report on recovering debts of government institutions and account for the status of the GHC1...
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Nigeria Scores Well on Electricity Reform Rankings, but Power Supply Isn’t Affordable and Reliable – Here’s Why
Nigeria’s electricity sector remains fragile. About 85 million Nigerians (43% of the population) lack access to grid electricity. This is one of the biggest energy access gaps in the worldGeneration capacity is roughly 12,000MW–13,500MW, but far less power is actually delivered. In 2023, Nigeria generated 4,500MW for a population of over 200 million. For comparison,...
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Ghana to begin site studies for first nuclear power plant
Ghana will soon commence detailed site characterization studies on two locations earmarked for the country’s first nuclear power plant. The exercise is expected to play a crucial role in determining the most suitable site, as Ghana pushes forward with plans to add nuclear power to its energy mix. Deputy Minister of Energy and Green Transition,...