The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr Tony Aubynn, has called for a bold and forward-looking economic partnership between Ghana and its diaspora community. He delivered this message at the Diaspora Reset Engagement Conference (DREC 2025), held in Birmingham, United Kingdom, where he urged Ghanaians abroad to seize emerging opportunities...
Month: November 2025
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EnergyCrossroad.com shortlisted for Best Energy Reporter at 2025 Ghana Energy Awards
The Ghana Energy Awards (GEA) Secretariat is pleased to announce the shortlisted nominees for the 2025 edition of the prestigious awards scheme. This year’s nomination window, which ran from 9th September to 31st October 2025, received an impressive 500+ submissions, including a remarkable number of first-time entrants, reflecting the growing national interest in celebrating excellence...
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OPEC urges accurate coverage of its reports
17 November 2025 – With reference to the Reuters article, dated 13 November 2025, titled ‘Oil extends losses on US inventory build, OPEC forecast shift’, the OPEC Secretariat feels it is important to clarify an inaccurate statement in the story related to the November OPEC Monthly Oil Market Report (MOMR). Referring to OPEC’s MOMR, published on...
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COPEC Urges Government to Create Special Petroleum Fund to Stabilise Fuel Prices
The Chamber of Petroleum Consumers (COPEC) is urging the government to establish a Special Petroleum Fund aimed at cushioning consumers against future fuel price volatility. According to the chamber, the fund would enable the country to strategically import and store petroleum products when global prices dip, and release them onto the market whenever prices surge....
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Govt to overhaul NPA Act as energy transition accelerates
Government says it is undertaking comprehensive regulatory reviews in the downstream petroleum sector, including moves to introduce a new National Petroleum Authority (NPA) Act to align the industry with current market realities. Energy and Green Transition Minister John Jinapor explains that the reforms are essential as global energy systems shift toward renewables, noting that an...
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Nigeria Launches First Indigenous Crude Oil Terminal
Nigeria’s finally getting its own crude oil export terminal, and it’s about time! Located in Otakikpo, Rivers State, this terminal is set to change the game in the oil and gas sector. For years, we’ve been relying on foreign-built terminals, but now we can proudly say we have our own. The terminal, built by Green...
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Africa’s flaring problem is less waste and more watts.
Lagos — In 2024, Africa flared nearly 40 billion cubic metres (BCM) of gas, with Nigeria, Algeria and Libya as the largest contributors. This volume represents more than 25% of global flaring and is nearly the equivalent of Africa’s entire annual gas consumption. This data, from the World Bank’s Global Gas Flaring Tracker 2024, also...
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Energy Commission strengthens collaboration with renewable energy stakeholders
Chaired by the Board Chairman, Prof. John Gartchie Gatsi, the session focused on strengthening collaboration, improving compliance, and addressing key industry concerns. Prof. Gatsi emphasized the importance of timely license renewals, proper labeling of imported equipment, and adherence to the Hazardous and Electronic Waste Control and Management Act, 2016 (Act 917).We will continue to organize...
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ASEC flags four major loopholes in 2026 Budget, warns of risks to economic stability
The Africa Sustainable Energy Centre (ASEC) has raised serious concerns about Ghana’s 2026 Budget, warning that despite the country’s recent macroeconomic progress, the energy sector remains burdened by long-standing structural weaknesses that threaten fiscal stability.The concerns follow ASEC’s detailed review of the Budget Statement and Economic Policy presented to Parliament by the Minister for Finance,...
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COMAC says Fuel Prices Expected to Rise as Global Crude Oil Costs Increase
The Chamber of Oil Marketing Companies COMAC says Crude oil prices recorded a modest rise in mid-November 2025, a development expected to ease the cedi’s recent gains in the forex market. According to COMACs monthly pricing report, International benchmark prices increased by 2.95%, moving from $62.82 to $64.67 per barrel. Data from the petroleum market...