The Public Utilities Regulatory Commission (PURC) has announced that revised utility tariffs will take effect from January 2026, following ongoing stakeholder consultations and public hearings. According to PURC’s Executive Secretary, Dr. Shafic Suleman, the review seeks to strike a delicate balance between safeguarding consumers from excessive charges and ensuring that service providers remain financially sustainable....
Author: Energy Crossroad (Energy Crossroad)
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Guyana found huge oil reserves 10 years ago, so why are most people still poor?
With a ‘one-sided’ deal handing vast profits to the world’s top oil firms, many Guyanese ask when the energy bonanza will benefit them.On 18 July, the International Chamber of Commerce approved the attempt by the US energy multinational Chevron to replace Hess Oil as a stakeholder in one of the world’s largest offshore oilfields, Guyana’s...
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France sets new world record by keeping a fusion reactor running for 22 minutes
France’s WEST tokamak held a hot plasma for 1,337 seconds, a little over 22 minutes. That performance matters because long, steady plasma operation is a core requirement for future nuclear fusion power plants.The run also edged past the mark set weeks earlier by China’s EAST, improving the duration by about 25 percent.The run also edged...
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First Nigerian Gasoline Cargo Arrives in U.S.
The first cargo of Nigerian gasoline produced at the Dangote refinery has reportedly arrived at its destination in the United States. Reuters, citing unnamed sources in the know and ship-tracking data, said the gasoline cargo was arranged by Sunoco and commodity trader Vitol. VesselFinder reported that Gemini Pearl, a Panama-flagged oil product carrier, was currently...
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Germany Unveils Long-Lasting Salt-Air Battery for Clean Energy Storage
German engineers have developed a groundbreaking salt-and-air battery capable of lasting for decades while storing renewable power without relying on lithium or harmful metals. This innovation directly addresses one of the green transition’s toughest challenges: storing solar and wind energy during periods when the sun isn’t shining and the wind isn’t blowing. The technology relies...
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Ghana, Eni and OCTP Partners Ink Energy Pact to Expand Oil, Gas and Sustainability Initiatives
Ghana has signed a landmark Memorandum of Intent with Eni and its Offshore Cape Three Points (OCTP) partners — Vitol and the Ghana National Petroleum Corporation (GNPC) — to scale up oil and gas production while accelerating sustainable energy development. The signing ceremony, held at the Kempinski Hotel in Accra during Africa Oil Week, was...
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GNPC Launches 40th Anniversary Celebrations with Presidential Gala at Jubilee House
The Ghana National Petroleum Corporation (GNPC) has kicked off its 40th anniversary celebrations with a Presidential Gala Dinner at the Jubilee House, Accra, under the theme “From Resource to Reality: 40 Years of Impact and Innovation.”The prestigious event brought together dignitaries from across Africa’s energy landscape, including delegates attending the 7th African Petroleum Producers’ Organization...
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UK and US unveil nuclear energy deal ahead of Trump visit
The UK and US are set to sign an agreement focused on accelerating the development of nuclear power. The agreement aims to generate thousands of jobs and strengthen Britain’s energy security. It is expected to be signed off during US President Donald Trump’s state visit this week, with both sides hoping it will unlock billions...
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$121M Oil & Gas Push: Why Egypt’s New Deals Could Shift Africa’s Energy Map.
Agreements serve several important purposes: Investor Confidence – By attracting established companies like Apache, Dragon Oil, and Perenco, Egypt signals to global markets that it remains an attractive destination for oil and gas investment. Job Creation and Services – Exploration projects generate contracts for local drilling services, seismic survey companies, and logistics providers, creating economic...
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COMAC Hosts Successful Petroleum Fun Games 2025 in Accra
The Chamber of Oil Marketing Companies (COMAC) has successfully hosted the 2025 edition of its annual Petroleum Fun Games (PetFun) at the Burma Camp Sports Complex in Accra. Held under the theme “Beyond the Pump: Energizing Wellness, Unity, and Team Spirit,” the event brought together players from across Ghana’s downstream petroleum sector, including Oil Marketing...