Month: February 2026

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The World’s Largest Deposit”: The Discovery of Millions of Tons of New Oil in France

The World’s Largest Deposit”: The Discovery of Millions of Tons of New Oil in France

Among recent energy breakthroughs, France has made a remarkable entrance onto the global stage. In Lorraine, researchers have uncovered what is believed to be the world’s largest deposit of natural hydrogen, also known as white hydrogen. With an estimated 46 million tonnes lying beneath French soil, this unexpected revelation could reshape not only the future...

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Petroleum Holding Fund Receipts Hit $399.6m in H2 2025

Petroleum Holding Fund Receipts Hit $399.6m in H2 2025

The Bank of Ghana has reported that total inflows into the Petroleum Holding Fund (PHF) amounted to US$399.65 million in the second half of 2025, comprising crude oil lifting proceeds, corporate income taxes and interest earned on the PHF account. In its semi-annual report on Ghana’s Petroleum Finds for H2 2025, the Central Bank said...

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Crude Oil Lifting Proceeds Fall to $198.2m in H2 2025

Crude Oil Lifting Proceeds Fall to $198.2m in H2 2025

The Bank of Ghana has reported a sharp decline in petroleum lifting receipts in the second half of 2025, with inflows into the Petroleum Holding Fund (PHF) falling significantly compared to the same period a year earlier. In its semi-annual report on Ghana’s Petroleum Finds for H2 2025, the Central Bank said the PHF received...

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Ghana Pushes for $100bn Annual Climate Finance to Support Africa’s Adaptation and Mitigation Efforts

Ghana Pushes for $100bn Annual Climate Finance to Support Africa’s Adaptation and Mitigation Efforts

Ghana has appealed to African leaders to unite behind an ambitious drive to mobilise $100 billion annually for climate adaptation and mitigation, cautioning that the continent cannot bear the mounting costs of climate change on its own. The call was delivered in Nairobi by the Minister of State for Climate Change and Sustainability, Alhaji Baba...

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NPA increases price floor for February window with petrol up to GH¢9.99 and diesel pegged at GH¢10.95

NPA increases price floor for February window with petrol up to GH¢9.99 and diesel pegged at GH¢10.95

The National Petroleum Authority (NPA) has announced new minimum price levels for petroleum products for the first pricing window of February 2026, covering February 1 to February 15.Under the directive, no Oil Marketing Company (OMC) or LPG Marketing Company (LPGMC) is permitted to sell petroleum products below the approved price floor during the period.According to...

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Fuel Prices May Rise Slightly in February as Market Forces Intensify – COMAC

Fuel Prices May Rise Slightly in February as Market Forces Intensify – COMAC

The Chamber of Oil Marketing Companies (COMAC) has projected marginal increases in fuel prices in the first pricing window of February 2026, citing cedi depreciation and rising international petroleum prices. In its 1st February Pricing Outlook Report, COMAC said petrol, diesel and liquefied petroleum gas (LPG) ex-pump prices are expected to rise by between 1.73%...

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