Rosatom has said that an audit by Paks II and the Hungarian Atomic Energy Authority has certified that its machine-building division meets the requirements for the supply of nuclear steam generator equipment for the Paks II project.Rosatom said that the issued document following the “routine supervisory audit” means “the company can supply nuclear power plant...
Author: Energy Crossroad (Energy Crossroad)
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Energy Minister to commission rural electrification projects on October 11
The Ministry of Energy and Green Transition has announced the completion of major rural electrification projects in 13 communities within the Central Gonja District of the Savannah Region, as part of efforts to expand access to reliable electricity across the country. John Abdulai Jinapor, Minister for Energy and Green Transition, is scheduled to officially commission...
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Upstream Petroleum Expenditure Falls to $643m in H1 2025 – PIAC Report
Total upstream petroleum expenditure across Ghana’s three producing fields — Jubilee, TEN, and Sankofa-Gye Nyame (SGN) — amounted to US$643.09 million in the first half of 2025, representing a 3.84 percent decline from the US$668.79 million recorded in the same period in 2024. This was contained in the Public Interest and Accountability Committee’s (PIAC) 2025...
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Petroleum Revenues Drop 56% in H1 2025 to $370.34m
Ghana’s petroleum receipts for the first half of 2025 fell sharply by 56 percent year-on-year, according to the Public Interest and Accountability Committee (PIAC) in its 2025 Semi-Annual Report on the utilisation of revenue from the country’s crude oil production. The report revealed that a total of US$370,343,681.17 was lodged into the Petroleum Holding Fund...
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Ghana’s Crude Oil Output Dips by 25.9% in First Half of 2025
Ghana’s crude oil production declined sharply by 25.92 percent year-on-year in the first half of 2025, according to the Public Interest and Accountability Committee (PIAC). The Committee’s 2025 Semi-Annual Report on the management and use of petroleum revenues revealed that total output from the country’s three producing offshore fields — Jubilee, TEN, and Sankofa-Gye Nyame...
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ExxonMobil signs Majnoon oil field deal, marking return to Iraq
ExxonMobil signed agreements that lay the groundwork for it to explore Iraq’s giant Majnoon oil field, ending the company’s near two-year hiatus in the country.The Texas oil major has signed heads of agreements with Basra Oil Co. and SOMO, Iraq’s oil marketing company, the nation’s Prime Minister Mohammed Shia Al-Sudani said Wednesday. Goal include developing...
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McDermott, PETROFUND sign agreement to develop Namibia’s oil and gas workforce
McDermott has signed a Memorandum of Understanding (MoU) with the Petroleum Training and Education Fund (PETROFUND) to advance technical training and workforce development in Namibia’s growing oil and gas sector. The partnership will align academic and industrial training with international standards, offering Namibian students, job seekers, and service providers access to education, mentorship, and employment...
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Africa’s refining capacity expands as Uganda’s $4 billion oil refinery nears 2030 start
Uganda’s long-awaited oil refinery project is finally moving closer to reality, with operations expected to commence between the fourth quarter of 2029 and the first quarter of 2030. The project, one of the largest of its kind on the continent, aims to reduce the region’s reliance on imported fuel, strengthen domestic energy security, and position...
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GOIL CEO Engages Planet One Officials on Strategic Roadmap for Deepwater Cape Three Points Project
The Chief Executive Officer of GOIL PLC, Ghana’s leading indigenous oil marketing company, Mr. Edward Abambire Bawa, has held a high-level strategic meeting with executives of Planet One Group, GOIL’s joint venture partner for the Deepwater Cape Three Points (DWCTP) project offshore Ghana. According to Mr. Bawa, the discussions centred on ensuring comprehensive preparedness ahead...
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Petroleum Hub Project attracts strong investor interest – PHDC CEO reveals
The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr Toni Aubynn, says the Corporation has secured significant investor interest and partnerships towards the establishment of the multi-billion-dollar Petroleum Hub Project at Jomoro in the Western Region. He said over 70 local and foreign investors had so far expressed interest in the project,...