Ghana’s Power Utility Launches Nationwide Revenue Drive: “Operation ALL MUST PAY” The Electricity Company of Ghana (ECG) has announced the rollout of a comprehensive national revenue mobilisation initiative titled “Operation ALL MUST PAY”, as part of efforts to recover outstanding customer debts and strengthen its financial viability. Scheduled to run from Monday, July 14 to...
Author: Energy Crossroad (Energy Crossroad)
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PIAC’s operations crippled, as gov’t withdraws direct oil revenue funding
The Public Interest and Accountability Committee (PIAC), the statutory body mandated to monitor petroleum revenue management, has seen its operations stall after the government scrapped its dedicated share of petroleum revenue funding. Seven months into 2025, PIAC has conducted only one regional engagement in the Ashanti Region and two oil-funded project inspections in the Northern...
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European heatwave caused 2,300 deaths, scientists estimate
COPENHAGEN/BRUSSELS, July 9 (Reuters) – Around 2,300 people died of heat-related causes across 12 European cities during the severe heatwave that ended last week, according to a rapid scientific analysis published on Wednesday. The study targeted the 10 days, ending July 2, during which large parts of Western Europe were hit by extreme heat, with temperatures...
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Oil rises on Red Sea attacks, copper tariff concerns, lower US production
LONDON, July 9 (Reuters) – Oil prices climbed on Wednesday, maintaining their highest levels since June 23, lifted by attacks on shipping in the Red Sea, along with concerns over steep U.S. tariffs on copper and a forecast for lower U.S. oil production. Brent crude futures gained 48 cents, or 0.7%, to $70.63 a barrel...
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Viewpoint: Strategic coalitions in nuclear business
Eni Ghana and its Joint Venture (JV) partners have formally declared the commercial potential of the Eban-Akoma hydrocarbon discoveries located in the Cape Three Points Block 4 (CTP-B4) offshore Ghana. This move marks a pivotal advancement toward full-scale development of the oil and gas fields. The Declaration of Commerciality, officially submitted on July 3, 2025,...
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Oil exploration drives Namibia’s foreign investment to N$13.9 billion
Ongoing oil exploration and appraisal activities have propelled Namibia’s net foreign direct investment (FDI) to N$13.9 billion in the first quarter of 2025, according to the Bank of Namibia. The surge represents a 28.8% increase from the previous quarter and a 14.5% rise year on year, underscoring the impact of sustained activity in the country’s...
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Nigeria Togo Owe Over $11 Million in Q1 2025 Electricity Debt
In the first quarter of 2025, Benin and Togo accumulated more than $11 million in unpaid electricity bills to Nigeria, according to the Nigerian Electricity Regulatory Commission (NERC). Out of a total $17.24 million billed to six international customers, only $5.8 million was recovered, representing a collection rate of just 34%. While Niger Republic fully paid its invoice of $3.03 million,...
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U.S. Department of Energy Warns Risk of Blackouts Is Rising
The U.S. Department of Energy has warned that blackouts could increase substantially in the coming years unless more baseload capacity is added to the grid. The department issued its warning in a report that said the premature retirement of generation capacity and the delay in replacing that capacity with new baseload facilities had created a mismatch between...
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GMP expresses concern over misleading media reports based on spurious petition
Accra, Ghana – 7th July 2025 – GMP has taken note of several recent media reports that appear to be based on a petition allegedly submitted by Petraco Energies DMCC to the Economic and Organised Crime Office (EOCO). These reports repeat claims that are not only inaccurate but also misleading and damaging, creating an unfortunate...
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Brazil and China energy agreements include uranium focus
Brazil’s Ministry of Mines and Energy and China General Nuclear Power Group have signed a letter of intent to cooperate on energy transition efforts, sustainability “and the peaceful and sustainable use of nuclear mineral resources in Brazil”. The agreement was signed during the BRICS summit being held in Brazil and was part of a wider...