The Chamber of Bulk Oil Distributors (CBOD) is urging corporate organisations to expand and diversify their Environmental, Social, and Governance (ESG) initiatives to ensure that vulnerable and marginalised groups benefit more meaningfully from social investment programmes nationwide. This call was made by the Chief Executive of CBOD, Dr. Patrick Ofori, during the commissioning of a...
Month: December 2025
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TOR MD Reveals Deep Financial Crisis Inherited from Previous Administration, Highlights Strong Recovery Efforts
The Managing Director of the Tema Oil Refinery (TOR), Edmond Kombat Esq., has revealed that the state refinery inherited a severe financial and operational crisis created under the Akufo-Addo–led New Patriotic Party (NPP) administration. Despite the daunting situation, he says TOR is now firmly on a path to recovery.Speaking at a capacity-building workshop in Tema...
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Shell facing first UK legal claim over climate impacts of fossil fuels
Victims of a deadly typhoon in the Philippines have filed a legal claim against oil and gas company Shell in the UK courts, seeking compensation for what they say is the company’s role in making the storm more severe. Around 400 people were killed, and millions of homes were damaged when Typhoon Rai slammed into...
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ACEP and Solar Taxi Pursue Green Energy Technology Capacity Development
ACEP and SolarTaxi have officially signed an MoU to launch the Green Energy Technology Capacity Development Program (GET-CADEP)—a transformative initiative designed to equip young African women with practical green skills for the future of work to begin next year. As the world accelerates toward cleaner, technology-driven energy systems, green skills have become essential for competitiveness,...
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Petrol consumption in Nigeria drops to 52.9 million litres daily in November 2025
Nigeria’s daily petrol consumption dipped to an average of 52.9 million litres per day in November 2025, reflecting a notable shift in national fuel demand patterns.This is according to the latest Fact Sheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).The November figure marks a decline from the 56.74 million litres per...
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Crude Oil and Refined Products Market Review and Outlook -CBOD
Crude oil prices on the global market declined by approximately 2.40% during the 12th to 26th November pricing window. This drop occurred despite stronger demand in China and improved market sentiment following the U.S.–China tariff agreement, as concerns about oversupply from both OPEC and non-OPEC producers continued to weigh on the market. According to the...
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Government Finalises Draft Bill to Establish Nuclear Owner-Operator Company for Parliamentary Consideration
Ghana’s Ministry of Energy and Green Transition has completed a draft bill for onward submission to Parliament for consideration and passage into law, for the establishment an Owner-Operator Company to spearhead the country’s nuclear power programme, according to a parliamentary report adopted on Tuesday, December 9, 2025. The report of the Select Committee on Energy,...
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Senegal Approves Payment for African Energy Bank
The African Energy Bank has received a significant financial boost with Senegal approving its share of payment for the pan-African energy finance vehicle.Senegal approved its share of payment for the African Energy Bank (AEB), which is expected to be paid before the end of 2025. Announced by Dr. Omar Farouk Ibrahim, Secretary General for intergovernmental...
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Italy’s Eni discovers major gas reserves off Borneo in Indonesia
Italy’s Eni (ENI.MI), opens new tab said on Tuesday it had made a significant gas discovery in an exploration well around 50 kilometres (31 miles) off the eastern coast of Indonesia’s part of Borneo island. Preliminary estimates indicate gas volume of 600 billion cubic feet in the four reservoirs within the well trajectory, with a...
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Sino-Africa Green Finance Cooperation Can Redefine Africa’s Industrial Future, Says ACCPA’s Executive Director at Launch of Landmark SAGFA Reports
The Executive Director of the Africa-China Centre for Policy and Advisory (ACCPA), Paul Frimpong, has affirmed that strengthened green finance cooperation between China and Africa has the potential to “redefine the continent’s industrial future.” He delivered this message during his keynote remarks at the virtual launch of the Ghana and Ethiopia Sino-Africa Green Finance Alliance...