NEW DELHI/MOSCOW, Aug 1 (Reuters) – At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed.The U.S. Treasury Department this week imposed sanctions on more than 115 Iran-linked individuals, entities, and ships, some of which...
Author: Energy Crossroad (Energy Crossroad)
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Star Oil Announces Revised Fuel Prices Effective August 2, 2025
Star Oil has announced new pump prices for its petroleum products, effective 8:00 AM on Saturday August 2, 2025 The latest pricing sees a drop in the cost of Super and Diesel, bringing some relief to motorists amid ongoing economic pressures. According to the company: Star Oil says the revision is in line with its...
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Dangote Group has named David Bird, former CEO of Oman’s Duqm refinery, as the new chief executive of its petroleum and petrochemicals division
Dangote Group has named David Bird, former CEO of Oman’s Duqm refinery, as the new chief executive of its petroleum and petrochemicals division in a bid to address operational challenges and drive its next growth phase.Bird officially assumed his role in July 2025, taking charge of Dangote’s fuels and petrochemicals business, which launched the world’s...
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Exxon, Chevron profits to drop to lowest point since pandemic, analysts say
(Reuters) -Top U.S. oil producers Exxon Mobil and Chevron are expected to report their lowest earnings in four years when they release second-quarter results on Friday, as weaker oil and gas prices slashed revenue. The April-June quarter covered a volatile period in which the OPEC+ group of producers continued raising their production volumes, putting pressure...
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Ghana Secures $1 Billion for Climate Financing to Boost Green Transition Projects
Ghana has secured a significant $1 billion package to support climate financing initiatives aimed at accelerating the country’s clean energy transition, Energy Minister John Abdulai Jinapor has announced. Speaking through a representative at a climate and energy forum hosted by the University of Energy and Natural Resources (UENR) in Sunyani, the Minister revealed that the...
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BOST Advances Solar Energy Push to Power Fuel Depots Under National Green Transition Agenda
The Bulk Oil Storage and Transportation Company (BOST) has launched an ambitious solar energy initiative across its major fuel depots, reinforcing its commitment to Ghana’s national Energy Transition Framework. This strategic rollout forms part of BOST’s broader sustainability agenda aimed at cutting emissions, reducing fuel costs, and aligning with the country’s goal of achieving net-zero...
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Green Finance Workshop in Addis Ababa Rallies Stakeholders for Ethiopia’s Sustainable Industrial Future
The Africa-China Centre for Policy and Advisory (ACCPA), in collaboration with the African Climate Foundation (ACF), has successfully hosted the Green Finance Workshop – Addis Ababa 2025, a landmark event focused on advancing strategies for financing Ethiopia’s green industrial transformation. Held at the Golden Tulip Hotel in Addis Ababa, the workshop convened over 45 influential...
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VRA’s Anwomaso Thermal Power Project Honoured as Project of the Year at 2025 NPMC Awards
The Volta River Authority’s (VRA) Anwomaso Thermal Power Project has clinched the prestigious Project of the Year award at the 2025 National Project Management Conference (NPMC) and Project Management Excellence Awards, cementing its reputation as a leader in infrastructure development and energy innovation. The award, presented at a ceremony held at Aqua Safari Resort in...
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Burkina Faso secures €6 million boost for Dédougou Solar Plant in push for energy independence
In a major step toward reducing energy poverty and enhancing sustainable development, the Sustainable Energy Fund for Africa (SEFA), under the African Development Bank (AfDB), has committed €6 million to finance the 18-megawatt Dédougou Solar Power Plant in western Burkina Faso. The investment is a strategic part of the Desert-to-Power initiative, a regional drive to...
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Kenya launches Africa’s first REDD+ registry, reshaping forest carbon accounting.
In a significant policy move for climate governance, Kenya has become the first country in Africa to roll out a national REDD+ (Reducing Emissions from Deforestation and Forest Degradation) Registry, establishing a transparent, centralized platform to track forest-related emissions reductions and carbon credit generation. The registry was launched in Nairobi on July 28 by the...