Ghana Investment Promotion Authority (GIPA) CEO Simon Madjie says there have been talks about ExxonMobil returning to Ghana. But he declined to disclose details, leaving further comment to the energy authorities. “I knew that there were some talks for them to come back. It’s not something that can be disclosed now.” Speaking on Joy News’...
Month: October 2026
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Star Oil paid GH¢2.7bn in taxes, levies in nine months of 2026
Oil Marketing firm, Star Oil, paid GH¢2.7 billion in taxes and levies to the State, covering its operations from January 2026 to September 2026. According to the firm’s year-to-date performance report, these payments covered several levies and taxes paid over the past nine months in 2026. They included corporate income tax, withholding tax and Pay...
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Shell, Chevron sign exploration MoU as Petrobras eyes Ghana’s oil blocks
Brazil’s Petrobras has also expressed interest in the country’s oil acreage and blocks, adding to activity in the petroleum sector. Speaking on Joy News’ PM Express Business Edition on Thursday, Mr Madjie said work involving Shell and Chevron was ongoing. “But what we all know is that at Africa Oil Week, Chevron and Shell signed...
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Liberia’s Rural Energy Agency Seeks US$22.75 Million for 2027 to Expand Electricity AccessMONROVIA, LIBERIA
The Managing Director of Liberia’s Rural and Renewable Energy Agency, Hon. Samuel Nagbe, has requested an allocation of US$22.75 million for fiscal year 2027 to support the agency’s rural electrification and renewable energy development agenda.Hon. Nagbe made the request during the national budget hearing at the Ministry of Finance and Development Planning, where government institutions...
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Russian Companies, supported by the Russian Export Center, to Showcase Energy and Industrial Solutions at African Energy Week 2026 in Cape Town
A Russian business mission under the national Made in Russia brand will begin on 13 October 2026 in Cape Town as part of African Energy Week 2026. The delegation will comprise 13 companies seeking to develop partnerships with businesses in South Africa and other African countries. The mission is organized by the Russian Export Center...
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Nigeria Petrol Prices Hit ₦1,900/Litre Despite FG’s 30-Day Discount By Energy Crossroad
Petrol prices in Nigeria remain under pressure despite the Federal Government’s announcement of a 30-day discount on fuel sold by the Nigerian National Petroleum Company Limited (NNPC), raising concerns over the impact of global oil market developments on domestic consumers.The Federal Government announced the temporary price relief on October 8, 2026, as part of efforts...
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Liberia’s Rural Energy Agency Seeks US$22.75 Million for 2027 to Expand Electricity Access
MONROVIA, LIBERIA The Managing Director of Liberia’s Rural and Renewable Energy Agency, Hon. Samuel Nagbe, has requested an allocation of US$22.75 million for fiscal year 2027 to support the agency’s rural electrification and renewable energy development agenda. Hon. Nagbe made the request during the national budget hearing at the Ministry of Finance and Development Planning,...
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Jinapor Commends NPA CEO for Petroleum Market Stability at Energy Sector Retreat
The Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has commended the Chief Executive Officer of the National Petroleum Authority (NPA), Godwin Edudzi Tamakloe, for his role in maintaining stability in Ghana’s petroleum market amid disruptions in the global energy market. Dr Jinapor made the commendation during the Ministry’s annual Energy Sector Performance...
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Nigeria Introduces 30-Day Fuel Price Relief as Cost Pressures Mount.
Nigeria Introduces 30-Day Fuel Price Relief as Cost Pressures Mount. Abuja _Thursday October 8th 2026 The Federal Government has announced a 30-day discount on petrol dispensed by the Nigerian National Petroleum Company Limited (NNPCL), with public transport operators set to receive priority under the temporary measure. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed the measure while addressing the issue of rising petrol prices and its impact on Nigerians. Oyedele said the initiative is not a return to the fuel subsidy regime, stressing that the government is instead asking NNPCL to make petrol available at cost during the 30-day period. “We are offering a discount on petrol dispensed by NNPC Limited for the next 30 days in the first instance with priority for public transporters nationwide. So, it’s not a subsidy, government is just saying we sell to you at cost.” According to the minister, the temporary intervention is intended to provide relief to Nigerians, particularly commuters who have been affected by the rising cost of transportation following increases in petrol prices. The announcement comes amid growing concerns over the impact of fuel prices on transportation costs, household expenses and business operations across the country. The Federal Government maintains that the arrangement should not be interpreted as a return to the petrol subsidy system, which was removed under President Bola Ahmed Tinubu’s administration. The development will be closely watched by consumers and transport operators as the government begins implementation of the 30-day measure and assesses its impact on petrol prices and transportation costs nationwide.
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TOR CEO Edmund Kombat Named ESRP Champion of the Year 2026
The Chief Executive Officer of Tema Oil Refinery (TOR), Edmund Kombat, has been named the Energy Sector Recovery Programme (ESRP) Champion of the Year 2026 by the Ministry of Energy and Green Transition. Mr Kombat received the recognition at the Ministry’s annual retreat held at Volta Serene in the Volta Region, where energy sector leaders...