OPEC+ kept its oil output policy unchanged for October at a meeting on Sunday, it said in a statement, as the producer group needs to agree new quotas before deciding its next output steps. The meeting of seven core OPEC+ members — Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman comes as the Iran...
Month: September 2026
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Ghana could save $500m a year by switching from liquid fuels to gas – Energy Advisor
Ghana could save close to US$500 million annually by switching from liquid fuels to natural gas for power generation, Technical Advisor to the Minister of Energy and Green Transition on Petroleum, Ing. Dr Sulemana Yussif, has said.He said expanding the country’s gas-processing capacity would be critical to achieving the savings as Ghana seeks to reduce...
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Ghana’s Gas Shift Could Cut Power Costs by $500m
Ghana’s dependence on liquid fuels for thermal electricity generation could be costing the economy hundreds of millions of dollars that could potentially be avoided through greater use of natural gas, according to Technical Advisor to the Minister of Energy and Green Transition on Petroleum, Ing. Dr Sulemana Yussif. Dr Sulemana estimates that moving generation from...
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Ghana Gas Unveils Next-Phase Midstream Investment Projects
Ghana Gas has used the second day of Africa Oil Week 2026 to set out a new investment proposition for the country’s midstream gas sector, with infrastructure expansion, supply security and deeper value-chain development emerging as key priorities. The company’s Deputy Chief Executive Officer, Technical, Ing. Dr. Robert Kofi Lartey, presented Ghana Gas’ infrastructure plans...
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Ghana Holds Market Advantage Over Neighboring Countries – Dr. Aubynn
The Petroleum Hub Development Corporation has once again intensified its drive to attract strategic investment into Ghana’s petroleum sector following a compelling investment pitch delivered by the CEO of the Petroleum Hub Development Corporation, Dr Toni Aubynn, at the AOW: Energy Agenda 2026, which took place at Kempinski, Accra, Ghana. Speaking at the program, Dr...
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BOST energies posts 195% revenue growth, profit rises to GH¢684m
BOSTenergies Limited has recorded a significant improvement in its financial performance, with revenue surging by 195% to GH¢3.81 billion in 2025. The company’s profit after tax also increased by 72% to GH¢684 million, reflecting what the Minister for Energy and Green Transition, Dr John Abdulai Jinapor, described as a strong performance. Dr Jinapor made the...
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Ghana Seeks New Wave of Upstream Investment Through Reforms, Competitive Terms
Ghana is seeking to unlock a new wave of investment in its upstream petroleum sector by improving regulatory efficiency, strengthening investor certainty and creating more competitive commercial and fiscal conditions. The issue took centre stage during Ghana Day on the second day of Africa Oil Week 2026, where industry stakeholders examined measures needed to convert...
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BOST ENERGIES LIMITED COMPANY (BOSTenergies) REPORTS STRONG 2025 PERFORMANCE, PAYS FIRST-EVER DIVIDEND TO GOVERNMENT
BOST Energies Limited Company (BOSTenergies) has reported strong financial and operational growth for the 2025 financial year, recording significant increases in revenue, profitability, assets and shareholder equity, while achieving a historic milestone with the payment of its first-ever dividend to the Government of Ghana. The performance was announced at the Company’s 2026 Annual General Meeting...
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$3.5bn Investment Drive Set to Lift Ghana’s Oil Production – Energy Ministry Advisor
Ghana is expecting a rebound in crude oil production by the end of 2026, with about US$3.5 billion in fresh investment commitments being channelled into some of the country’s major producing fields. Technical Advisor to the Ministry of Energy and Green Transition, Dr Yussif Sulemana, says increased drilling and renewed investment by operators are already...
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Nigeria’s Energy Transition is not about Oil and Renewables: It’s about Money
Nigeria may be asking the wrong question about its energy future. For years, the national conversation has been framed as a choice between oil and gas on one side and renewable energy on the other. One camp argues that Nigeria must continue exploiting its hydrocarbons. Another insists that the country must movetowards renewables. Both arguments...