Nigeria’s imports of refined petroleum products from Malta have plunged by 60 percent in 2024, signalling a shift in the country’s downstream fuel supply dynamics as the Dangote refinery ramps up output. Data from TradeMap show that Nigeria’s imports of Malta petroleum oils and oils obtained from bituminous minerals dropped to approximately $818 million in...
Month: November 2025
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GRIDCo recognises AngloGold Ashanti for outstanding safety collaboration at 2025 Safety Durbar
GRIDCo has recognised AngloGold Ashanti (Obuasi and Tarkwa Mines) and one of its engineers, Kisman Eghan, for their outstanding collaboration with the company over the years in delivering a reliable power supply for the mining sector. The recognition was part of the annual Corporate Safety Durbar and Awards Ceremony, which climaxed a month-long safety awareness...
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GNPC to begin onshore drilling in 2026, but CSOs question readiness
The country’s push to revive its dwindling oil fortunes is taking centre stage again as the state prepares to drill its first onshore exploration well in the Voltaian Basin during October 2026 – a move civil society groups say still lacks the clarity and technical assurance needed for such a major undertaking. The announcement, delivered...
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Strengthening Regional Energy Cooperation: Petrodex, AU, SADC and CEC Unite for Zim Zam 2025
The 2nd edition of the Zimbabwe–Zambia Energy Projects Summit (Zim Zam 2025) will take place from 26–28 November 2025 at the Radisson Blu Mosi-Oa-Tunya Livingstone Resort, bringing together leading policymakers, investors, and energy developers to advance Southern Africa’s clean energy transition. With the participation of the African Union (AU) and the Southern African Development Community...
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Gabonese oil billionaire Samuel Dossou-Aworet-backed Tullow extends Ghana licenses
Tullow Oil Plc, the London-listed explorer in which Gabonese-Beninese businessman Samuel Dossou-Aworet owns a major stake, has secured a long-term extension for its Jubilee and TEN field licenses in Ghana. The approvals run through 2040 and come alongside a new gas sales agreement that sets pricing for the remainder of the license period. The company...
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GNPC Refutes Claims of Withholding Data in Springfield WCTP-2 Valuation Process
The Ghana National Petroleum Corporation (GNPC) has dismissed what it describes as misleading public reports regarding its role in the ongoing controversy surrounding the valuation of Springfield Exploration and Production Ltd.’s interest in the West Cape Three Points Block 2 (WCTP-2). The corporation’s response follows heightened public scrutiny after the Ministry of Energy and Green...
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AOMC to COMAC: Rebrand Sparks New Era of Leadership, Innovation and Industry Impact
The Chamber of Oil Marketing Companies (COMAC), formerly the Association of Oil Marketing Companies (AOMC), was established in 2003 as the umbrella body for petroleum marketing operators in Ghana. Representing Oil Marketing Companies (OMCs) and Liquefied Petroleum Gas Marketing Companies (LPGMCs), COMAC serves as the collective voice of the downstream petroleum industry, advocating for policies...
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Four Days More to the 9th Ghana Energy Awards
With only four days to go, anticipation is mounting across Ghana’s energy fraternity as preparations near completion for the much-awaited 9th Ghana Energy Awards (GEA). The prestigious industry event is scheduled to take place on Friday, 28th November 2025, at the Labadi Beach Hotel, Accra. Held under the theme “Repositioning the Energy Sector as a...
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“Buying Our Own Block Makes No Sense”, Says ACEP; Warns Gov’t Against Risky Afina Takeover Citing Non-Commercial Data and High Fiscal Exposure
Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has cautioned that government’s plan to assume Springfield Exploration & Production’s interest in the West Cape Three Points Block 2 (WCTP2) — the Afina discovery — represents an “illogical and fiscally dangerous” move given the absence of commercially viable data and Ghana’s limited...
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Why the IEA Now Thinks Oil Demand Will Keep Rising Until 2050
The International Energy Agency (IEA) predicted in 2023 that the global peak in oil demand would likely take place by 2030, as governments worldwide introduced plans for a green transition and fossil fuel companies began to diversify their portfolios to include renewable alternatives. However, this month, the IEA has backtracked on this prediction, stating that...