The Nigerian Petroleum Training Institute (PTI) has recommended the formal inauguration of the Africa Energy Bank to boost energy access across the continent, stimulate economic growth, and reduce energy poverty. Speaking at the opening ceremony of the 4th Biennial International Conference on Hydrocarbon Science and Technology in Abuja, themed “Transforming Africa’s Hydrocarbon Sector: Balancing Growth,...
Day: October 23, 2025
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PIAC Faces Funding Crisis After Major Cut Under Amended Petroleum Revenue Law
Ghana’s petroleum oversight body, the Public Interest and Accountability Committee (PIAC), says it is unable to fully perform its mandate after receiving just GH¢4.6 million of a requested GH¢20.5 million budget for 2025 a funding shortfall that has halted key monitoring and public engagement activities across the country. According to PIAC, only one of its...
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Ghana Channels All Oil Revenues into Infrastructure Under Amended Petroleum Law
Ghana has overhauled its petroleum revenue management system, directing all discretionary oil funds exclusively into infrastructure projects under sweeping amendments to the Petroleum Revenue Management Act (PRMA) signed by President John Dramani Mahama in April 2025. The changes mark a major policy shift in how the country deploys its petroleum wealth, with 100 percent of...
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$25B African megaproject begins — A cross-continental system to move a new form of energy.
A $25 billion African megaproject involving a cross-continental gas pipeline between Nigeria and Morocco has begun.This system can move energy over large distances and many nations. The world is watching intently as the potential is astronomical The project, backed by the ECOWAS regional bloc, the Nigerian National Petroleum Company, and Morocco’s ONHYM, aims to transport...