Accra — August 1, 2025 GOIL PLC has announced that it will maintain existing pump prices for its range of fuel products in the first pricing window of August 2025, offering relief to motorists amid fluctuating global oil market trends. In a public notice issued to consumers, the company confirmed that there will be no...
Author: Emmanuel Aboagye-Wiafe (Emmanuel Wiafe)
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GOIL Sees Q2 Profits Slump by Over 50% Despite Revenue Growth in Tough Market
Accra — August 1, 2025 GOIL PLC, Ghana’s leading indigenous oil marketing company, has reported a sharp decline in profits for the second quarter of 2025, even as revenues ticked upward a sign of persistent cost pressures and tight margins plaguing the downstream petroleum sector. Unaudited financial results for the period ending June 30, 2025,...
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GOIL Brings the Energy to Nsawam and Koforidua with Vibrant Community Engagements
Nsawam/Koforidua — August 1, 2025 GOIL PLC continues to deepen its relationship with transport operators and everyday drivers through lively, on-the-ground customer engagement events in Nsawam and Koforidua led by the South-East Marketing Zone. The two community activations formed part of GOIL’s broader effort to directly connect with key stakeholders in Ghana’s transport ecosystem, offering...
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GOIL Unveils Smart Energy Innovations in Final Leg of Nationwide Stakeholder Tour
Accra — August 1, 2025 GOIL PLC is charting a bold new course for Ghana’s energy future with a suite of transformative initiatives aimed at redefining fuel retailing and accelerating the country’s transition toward smart, clean energy. At a high-level stakeholder engagement in Accra the final leg of a nationwide tour with dealers from the...
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Mahama Orders Renegotiation of Land Deal to Fast-Track Petroleum Hub Project in Jomoro
President John Dramani Mahama has announced a major revision to the government’s approach to the Petroleum Hub Development Project in the Jomoro Municipality of the Western Region, aimed at ensuring fair compensation for landowners and accelerating project execution. Speaking at a meeting with the Western Regional House of Chiefs on Wednesday, July 30, 2025, President...
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Shell profit dips as energy prices fall 31st July 2025
British energy giant Shell on Thursday said its net profit slid 23 per cent in the first six months of the year, hit by lower oil and gas prices. Profit after tax dropped to $8.4 billion compared with $10.9 billion in the first half of 2024, Shell said in an earnings statement. Group revenue dropped...
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Energy Levies to Boost Power Stability but May Fuel Inflation and Transport – PwC
Professional services firm PwC has cautioned that while the recently revised Energy Sector Levies are poised to strengthen Ghana’s power supply and reduce sector debt, they also risk burdening consumers with higher fuel costs and rising inflation. In its analysis of the 2025 Mid-Year Budget Review, PwC highlighted the dual-edged impact of the Energy Sector...
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Ghana to Host Africa Oil Week 2025: A Catalyst for Regional Energy Transformation
Ghana is set to host the prestigious Africa Oil Week (AOW): Investing in African Energy 2025 summit this September, an event expected to serve as a major turning point for the country’s energy ambitions and the wider West African region. The high-level gathering will position Ghana at the heart of continental energy dialogue, investment attraction,...
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Ghana Saves $1.4 Billion from Crude Oil Revenue Since 2010-Latest Report
Ghana has accumulated a total of $1.4 billion in savings since it began commercial crude oil exports, according to the latest Petroleum Investment Report. The amount comprises revenues from oil exports, taxes from petroleum firms operating in Ghana, and rental payments made to the state since the country commenced commercial production in 2010. Fund Performance...
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Second stage of reprocessing centre in Zheleznogorsk launched Tuesday, 29 July 2025.
The second complex of the Experimental and Demonstration Centre, which will process used nuclear fuel, has been launched, and follows an initial experimental stage. World Nuclear News Second stage of reprocessing centre in Zheleznogorsk launchedTuesday, 29 July 2025The second complex of the Experimental and Demonstration Centre, which will process used nuclear fuel, has been launched,...