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...
Author: Energy Crossroad (Energy Crossroad)
Post
Post
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...
Post
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...
Post
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...
Post
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...
Post
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...
Post
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,...
Post
Ghana to host largest exhibition of power, electrical energy and building construction in West Africa
The 4th edition of the Power, Energy and BuildExpo Ghana Exhibition, which will position Ghana as a hub in West Africa, will take place at the Accra International Conference Center from 30th October to 31st October, 2025. The exhibition will be the largest in the power, electrical energy, building construction and technology sectors. The expo...
Post
ASEC’s Board Co-Chairman, Executive Director to speak at World Energy Week
The Africa Sustainable Energy Centre’s (ASEC) Board Co-Chairman, Mr. Kweku Awotwi and Executive Director, Ing. Justice Ohene-Akoto are scheduled to speak at the 2025 World Energy Week. The event, held under the theme “Energising connections, powering a healthy planet” will take place in Panama City, Panama, from October 6th to 9th.Mr. Awotwi and Ing. Ohene-Akoto...
Post
COMAC Raises Alarm Over Irregularities in Petroleum Lifting and UPPF Abuse
The Chamber of Oil Marketing Companies (COMAC) has expressed deep concern over what it describes as serious irregularities emerging from its latest mid-year industry report, calling for urgent regulatory scrutiny and accountability within Ghana’s downstream petroleum sector. Speaking at a media briefing in Accra on Monday, the Chief Executive Officer of COMAC, Dr. Riverson Oppong,...