Africa spends more than $120 billion annually on hydrocarbons, a scale of capital outflow that continues to deprive the continent of investment needed for industrial growth, Nigeria’s Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has said. Speaking in Abuja during the opening session of the ongoing Nigeria International Energy Summit, Lokpobiri said the...
Category: Energy
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SPE International Board Engages JOGMEC, Reviews Strategy at Q1 2026 Meeting in Japan
The Society of Petroleum Engineers (SPE) International Board has paid a courtesy call on the Japan Organization for Metals and Energy Security (JOGMEC) during its first-quarter 2026 Board meeting held in Japan. During the visit, JOGMEC, a major institution in Japan’s energy sector, delivered a high-level briefing to the Board on its mandate, operations and...
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Energy Minister Holds Talks with AFD on Sector Transformation
The Minister of Energy and Green Transition, Dr. John Abdulai Jinapor, has held fruitful discussions with the Agence Française de Développement (AFD) on strengthening cooperation in Ghana’s energy sector. The engagement highlighted AFD’s long-standing role as a key development partner to Ghana, particularly in supporting the growth and modernization of the country’s energy sector. Dr....
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Energy Commission Advances Sustainable Cooling Agenda
The Energy Commission of Ghana, in collaboration with the Environmental Protection Authority (EPA), has held high-level discussions with the United Nations Development Programme (UNDP) on Ghana’s participation in the US$40 million Energy Efficiency Revolving Fund (EERF). The engagement focused on stakeholder coordination, financing models, and implementation strategies aimed at maximizing impact and delivering measurable energy...
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The World’s Largest Deposit”: The Discovery of Millions of Tons of New Oil in France
Among recent energy breakthroughs, France has made a remarkable entrance onto the global stage. In Lorraine, researchers have uncovered what is believed to be the world’s largest deposit of natural hydrogen, also known as white hydrogen. With an estimated 46 million tonnes lying beneath French soil, this unexpected revelation could reshape not only the future...
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Petroleum Holding Fund Receipts Hit $399.6m in H2 2025
The Bank of Ghana has reported that total inflows into the Petroleum Holding Fund (PHF) amounted to US$399.65 million in the second half of 2025, comprising crude oil lifting proceeds, corporate income taxes and interest earned on the PHF account. In its semi-annual report on Ghana’s Petroleum Finds for H2 2025, the Central Bank said...
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Crude Oil Lifting Proceeds Fall to $198.2m in H2 2025
The Bank of Ghana has reported a sharp decline in petroleum lifting receipts in the second half of 2025, with inflows into the Petroleum Holding Fund (PHF) falling significantly compared to the same period a year earlier. In its semi-annual report on Ghana’s Petroleum Finds for H2 2025, the Central Bank said the PHF received...
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NPA increases price floor for February window with petrol up to GH¢9.99 and diesel pegged at GH¢10.95
The National Petroleum Authority (NPA) has announced new minimum price levels for petroleum products for the first pricing window of February 2026, covering February 1 to February 15.Under the directive, no Oil Marketing Company (OMC) or LPG Marketing Company (LPGMC) is permitted to sell petroleum products below the approved price floor during the period.According to...
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Dr Toni Aubynn Calls for Regional Minerals Market Integration at Africa Trade Summit
The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr Toni Aubynn, has called on Ghana to take a leadership role in advancing a regionally integrated minerals market in Africa, stressing that the country stands to gain significantly from such an initiative. Dr Aubynn made the remarks on Thursday, 29 January 2026, during...
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How fuel underdogs became market leaders
By Vivian Kai LOKKO For decades, Ghana’s downstream petroleum industry followed a familiar script. A few dominant brands controlled the pumps, set the tone on quality, and commanded fierce customer loyalty. Local oil marketing companies (OMCs) operated on the fringes—present, but rarely powerful. That story has now been shattered Over the past five years, Ghana’s...