Liberia has launched its 2026 Offshore Direct Negotiation Licensing Round, offering 15 offshore blocks across the Liberia and Harper basins as the country seeks to attract exploration investment. The launch took place on October 14 at African Energy Week (AEW) 2026, with Director General of the LPRA Marilyn T. Logan announcing the round alongside senior Liberian...
Author: Energy Crossroad (Energy Crossroad)
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Shell Agrees to Sell Nigerian Gas Distribution Business to Vaaris Energy
LAGOS, Nigeria — October 14, 2026 Global energy giant Shell has signed an agreement to sell its entire stake in Shell Nigeria Gas Group to indigenous energy firm Vaaris Energy Limited, marking its planned exit from Nigeria’s domestic gas distribution business. Shell’s Country ChairPerson in Nigeria, Elohor Aiboni, said the business had served industrial and...
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IFEJ, Lands Ministry to partner on specialised mining and natural resources reporting
ACCRA, October 13, 2026 — The Institute of Financial and Economic Journalists (IFEJ) and the Ministry of Lands and Natural Resources have agreed to work towards a formal partnership to strengthen specialised reporting on mining, forestry and land reform in Ghana. The agreement followed a courtesy call by an IFEJ delegation, led by its President,...
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COMAC Projects Drop in Petrol and Diesel Prices, LPG to Rise Sharply in Second October Window
The Chamber of Oil Marketing Companies (COMAC) has projected a decline in ex-pump prices of petrol and diesel by between 1.20% and 1.67%, and 2.60% and 3.32%, respectively, in the second pricing window of October. However, liquefied petroleum gas (LPG) prices are expected to rise sharply by between 16.98% and 18.50% over the same period....
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NPA sets petrol price floor at GH¢16.09, diesel at GH¢17.09 for second half of October
The National Petroleum Authority (NPA) has set the minimum ex-pump price floor for petrol at GH¢16.09 per litre and diesel at GH¢17.09 per litre for the second pricing window of October 2026. The new price floors will apply from October 16 to 31, according to a notice issued by the Authority on Monday, October 12,...
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𝗦𝘁𝗮𝗿𝗢𝗶𝗹 𝗗𝗼𝗻𝗮𝘁𝗲𝘀 𝗚𝗛¢𝟭 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 𝗧𝗼𝘄𝗮𝗿𝗱𝘀 𝗖𝗜𝗗’𝘀 𝗨𝗹𝘁𝗿𝗮-𝗠𝗼𝗱𝗲𝗿𝗻 𝗢𝗳𝗳𝗶𝗰𝗲 𝗖𝗼𝗺𝗽𝗹𝗲𝘅
StarOil Ghana has donated GH¢1 million to the Criminal Investigations Department (CID) of the Ghana Police Service to support the construction of a three-storey, ultra-modern office complex. The donation was presented at the Police Headquarters in Accra on Tuesday, 13 October 2026. Speaking during the presentation, StarOil’s Chief Executive Officer, Mr. Kwame Tieku, highlighted the...
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Africa Energy Bank to Begin Financing Gas Projects in Early 2027, APPO Says
The Africa Energy Bank (AEB) will become operational within weeks and begin financing projects at the start of 2027, Farid Ghezali, Secretary General of the African Petroleum Producers Organization (APPO), said during the technical panel of the GECF-AEC Strategic Forum at African Energy Week (AEW) 2026 in Cape Town. The bank, launched by APPO and...
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African Energy Chamber chair launches scathing attack on ‘climate crowd’, calls on SA to open Orange basin
Drill, baby, drill” is the only realistic way forward for the African continent if it has any hope of eradicating poverty, says African Energy Chamber executive chairperson NJ Ayuk. “Exploration is the absolute key to our survival . . . Africa is not asking permission to develop our resources.” Speaking at African Energy Week 2026,...
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Nigeria’s Power Crisis Deepens as Three Plants Record Zero Output
By Energy Crossroad | October 13, 2026 Nigeria’s electricity sector continues to face operational challenges as three power plants recorded zero electricity generation in September, while the national grid experienced persistent frequency and voltage violations, according to data from the Nigerian Electricity Regulatory Commission (NERC). The affected plants — Alaoji 1, Ibom Power 1 and Rivers 1 — recorded no available generation capacity during the month. Average electricity generation stood at 4,089 megawatts, against an available capacity of 5,038MW. The development comes amid concerns over the reliability of electricity supply to households and businesses across the country. Speaking on the challenges facing the sector, Minister of Power Joseph Tegbe said: “These problems reinforce one another. Unpaid bills weaken gas supply and maintenance; unreliable supply depresses collections; poor collections deepen debt. A new power station cannot, by itself, resolve that cycle.” The minister added: “Sustainable improvement requires us to repair the physical system and the commercial relationships that keep it functioning.” He identified damaged gas pipelines, ageing generating equipment, transmission constraints and poor revenue collection as major obstacles to improved electricity supply. The latest figures underscore the need for improved plant availability, reliable gas supply and stronger transmission infrastructure.
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Afreximbank’s AEB Eyes First Investments in 2027
Afreximbank’s Helen Brume says the African Energy Bank has secured $500 million in initial capital and expects first project financings next year, as AEW 2026 panelists discuss Africa’s energy investment priorities. The African Energy Bank (AEB) expects to finance its first projects in 2027 after securing $500 million in initial paid-up capital, Helen Brume, Director...