Oil prices were under pressure following Trump’s original announcement, but then started to climb after Iran made clear that it would attack any forces that approached the Strait. Then, after Trump’s latest social media announcement, prices began to deflate, even though there have been no concrete steps towards a peace agreement. Instead, U.S. Secretary of...
Day: May 6, 2026
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COMAC Intensifies Downstream Operational Safety Effort
hamber of Oil Marketing Companies (COMAC) has ramped up its strategic oversight of Ghana’s energy infrastructure through a comprehensive technical assessment of the GOIL PLC Liquefied Petroleum Gas (LPG) Bottling Plant. This high-level working visit serves as a cornerstone of the Chamber’s broader mission to fortify the integrity of the downstream petroleum value chain, ensuring...
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Guyana’s president tells industry leaders that energy balance is key to global future
Guyana has told an international energy conference that the global conversation must shift from “energy transition to energy balance” and that the Caribbean Community (Caricom) country is living proof that the model works. Addressing the opening of the 2026 edition of the Offshore Technology Conference (OTC), Guyana’s President Dr Irfaan Ali told the audience of...
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Ghana Signs Key Agreement to Boost Gas Production from OCTP Project by 2028
Ghana has taken a significant step toward expanding its domestic gas production following the signing of a key agreement between government and industry stakeholders.Earlier today, the Minister of Energy and Green Transition, John Jinapor, together with the Minister for Finance, Cassiel Ato Forson, represented the Government of Ghana in signing a term sheet with Eni...