ZEN Petroleum Limited has announced the appointment of seasoned corporate leader Frank Adu as its new Board Chairman, effective January 1, 2026.The appointment was disclosed in a press release issued on Monday, January 5, 2026.Mr. Adu succeeds Tutu Agyare, who steps down after nine years of service as Board Chairman.Mr. Adu brings decades of executive...
Author: Energy Crossroad (Energy Crossroad)
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Tema Oil Refinery Acquires New Fleet to Boost Operations
Management of Tema Oil Refinery has officially procured and handed over a fleet of vehicles to significantly enhance and strengthen the operational efficiency of the refinery.The fleet comprises eight (8) brand new Mitsubishi vehicles, three (3) Toyota Coaster buses, two (2) industrial forklifts, as well as other essential operational vehicles to support day-to-day activities across...
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NPA PROMOTES ENERGY SAFETY AND SUSTAINABILITY AT NKƆKƆ NKITITI FESTIVAL
The National Petroleum Authority (NPA) has reaffirmed its commitment to energy safety, environmental stewardship, and sustainable national development at the Nkɔkɔ Nkititi Chicken Festival, where it participated as the official energy and fuel safety partner. The two-day event, held under the auspices of the Office of the President and the Minister of State for Special...
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COMAC Projects Further Fuel Price Cuts as Cedi Strengthens and Global Oil Prices Fall
The Chamber of Oil Marketing Companies (COMAC) has forecast a further decline in fuel prices at the pumps in its January market outlook for the start of 2026. According to the report, ex-pump prices of petrol, diesel and liquefied petroleum gas (LPG) are expected to fall consecutively by between 2.40% and 4.80%, 2.42% and 3.77%,...
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Legal Green Association commends government and Edmond Kombat for TOR revival
Legal Green Association commends government and Edmond Kombat for TOR revival.In a press release signed by Festus Matey, Leader of the Legal Green Association, and Evans Mawunyo Tsikata, Head of Politics and Elections issued on Monday, December 29, 2025, the association said the revival of TOR after years of inactivity reflects decisive leadership and a...
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TOR restart’s impact on fuel prices hinges on crude sourcing model – ACEP
The effect of the Tema Oil Refinery’s (TOR) return to operations on fuel prices will depend largely on how the facility is run, according to the African Centre for Economic Policy (ACEP).Kodzo Yaotse, ACEP’s Policy Lead for Petroleum and Energy, said TOR’s ability to consistently supply refined products over time will be critical if it...
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National Energy Champions Confirm Participation at Libya Energy & Economic Summit 2026
State-backed energy champions TPAO, MOL Plc. and ORLEN Group will speak at LEES 2026 as Libya accelerates upstream investment and licensing TRIPOLI, Libya, December 29, 2025/ — Senior executives from state-backed and nationally anchored energy companies will participate at the Libya Energy & Economic Summit (LEES) 2026, highlighting the growing role of national energy champions...
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Nigeria Bets on Long Delayed Gas Pipeline to Ignite Industrial Boom
Nigeria’s state oil and gas company is planning to jumpstart an industrial boom in the north of the country thanks to a much-delayed gas pipeline, Reuters has reported, citing the chief executive of the Nigerian National Petroleum Company. “This is not just about energy,” Bashir Ojulari said. “It’s about industrialisation – fertiliser plants, power generation,...
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FG writes off $1.42bn, N5.57tn NNPC debt after reconciliation
The federal government has written off the bulk of legacy debts owed by the Nigerian National Petroleum Company Ltd. (NNPCL) to the federation account, wiping out about $1.42 billion and N5.57 trillion following a reconciliation exercise approved by President Bola Tinubu. The decision, contained in a regulatory document prepared by the Nigerian Upstream Petroleum Regulatory...
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GOIL Honours Long-Serving and Retiring Staff at Durbar and Service Awards Ceremony
The GOIL Staff Durbar, Service Awards and Thanksgiving ceremony was a significant occasion marked by pride, gratitude and reflection, as employees and management gathered to celebrate the company’s collective journey.The event provided an opportunity to recognise and honour long-serving staff who have dedicated between 10 and 30 years of service to the organisation, acknowledging their...