Karpowership has marked a major milestone in the expansion of its global fleet with the steel-cutting ceremony of its new “Sea Lion” class Powerships.Held at the HSG Sungdong shipyard in South Korea, the ceremony officially marked the start of construction on the first vessel in a series of four next-generation Powerships.The ceremony was attended by...
Author: Energy Crossroad (Energy Crossroad)
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Government Reaffirms Commitment to TOR Modernisation as Refinery Eyes Energy Security Role
The government has reaffirmed its commitment to the modernisation and recapitalisation of the Tema Oil Refinery (TOR), positioning the state-owned refinery as a critical pillar in Ghana’s long-term energy security strategy. The assurance was given by the Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, during TOR’s 18th Annual General Meeting (AGM) in...
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COMAC Projects Further Drop in Fuel Prices as Global Oil Market Slump Pushes Down Costs
The Chamber of Oil Marketing Companies (COMAC) is projecting a further reduction in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG) at the pumps for the first pricing window of July 2026. According to COMAC’s latest pricing outlook, petrol prices are expected to decline by between 1.94 per cent and 9.31 per cent,...
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Energy Minister Commends TOR as Refinery Presents Nine Years of Audited Accounts
The Minister for Energy and Green Transition, John Abdulai Jinapor, on Tuesday joined the Board, Management and stakeholders of the Tema Oil Refinery (TOR) at the company’s Annual General Meeting, where audited financial statements spanning 2017 to 2025 were presented.The presentation of the nine years of audited accounts marks a major milestone in restoring TOR’s...
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ACEP Launches Project to Strengthen Ghana’s Energy Security and Institutional Capacity
The Africa Centre for Energy Policy (ACEP) has officially launched a new initiative aimed at strengthening Ghana’s energy security and economic resilience through improved policy implementation and institutional coordination.The project, titled “Advancing Policy Reform and Institutional Capacity for Energy Security and Economic Resilience in the Emerging Transition Economy,” was inaugurated at an inception meeting that...
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China’s Energy Future Runs on Coal and Solar
China will continue spending heavily on both coal and alternative energy, such as wind and solar, over the next five years, Beijing’s latest five-year plan revealed this month. The apparent paradox sees the world’s largest emitter by far continue to generate a solid portion of its energy from coal while also boosting the largest alternative...
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Fuel prices set for sharp drop from July 1 as petrol, diesel and LPG get cheaper
Fuel prices are expected to fall significantly from Wednesday, July 1, as global crude oil prices decline and the cedi records a marginal gain against the US dollar.The Chamber of Petroleum Consumers (COPEC) says the combined effect of falling crude prices and currency movements will translate into lower pump prices for petrol, diesel, and LPG...
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GRIDCo shutdown Achimota, Mallam power stations following torrential rains.
Torrential rains and severe flooding across the Greater Accra Region have forced an emergency, temporary shutdown of the Mallam and Achimota primary substations. In a joint statement released today, the Ghana Grid Company Ltd. (GRIDCo) and the Electricity Company of Ghana (ECG) explained that the drastic measure was taken to protect both infrastructure and human...
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Karpowership Ghana wins 2 prestigious awards at 2026 Health, Environment, Safety and Security (HESS) Awards
Karpowership Ghana Company Limited has once again demonstrated its commitment to environmental sustainability and operational excellence by winning two prestigious honours at the 2026 Health, Environment, Safety and Security (HESS) Awards. The company received the Best Environmental Protection Campaign Award and the Best Company in Environmental Management Practices Award, recognising its outstanding environmental stewardship, commitment...
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Fuel Price Competition Raises Sustainability Concerns
Fuel Pumps Ghana’s highly competitive fuel retail market, long regarded as one of the success stories of the country’s downstream petroleum reforms, is coming under renewed scrutiny as industry leaders warn that aggressive price competition could threaten the long-term stability of the sector. The debate gained fresh attention at the Ghana Biennial International Summit and...