BP, the global energy giant with its U.S. headquarters in Houston, is now planning to cut 6,200 office jobs—up from the 4,700 layoffs it announced just seven months ago. That’s a 32 percent jump, and with Houston home to the company’s largest employee base, the ripple effects could be significant. BP employs about 4,000 people...
Category: Energy
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Liberia Electricity Corporation Reviews Progress on Major Energy Projects
Monrovia, Liberia. The Liberia Electricity Corporation (LEC) management team, led by Managing Director Hon. Mohammed M. Sherif, has undertaken a high-level tour of key energy projects aimed at boosting electricity supply and improving national infrastructure. The inspection began with a progress meeting with International Consolidated Contractors Offshore SAL (ICCO), the firm building Liberia’s first utility-scale...
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Ghana Energy Awards Postpones 9th Edition Launch in Honour of Helicopter Crash Victims
The Ghana Energy Awards has indefinitely postponed the media launch of its 9th edition and the official opening of nominations, which were initially scheduled for Tuesday, August 12, 2025. In a statement signed by the event’s director, Ing. Henry Teinor, and the chairman of the awards panel, Kwame Jantuah, the organisers said the decision was...
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Solar-Powered Irrigation Key to Boosting Ghana’s Agriculture – LEAF Project
The LEAF Project has underscored the importance of Distributed Renewable Energy (DRE) technologies in transforming Ghana’s agricultural sector, particularly in energy-deprived but agriculturally active regions. Speaking at a stakeholder engagement session under the LEAF Project Assessment on August 7, 2025, Project Coordinator Francis Adarkwah said solar-powered irrigation is proving to be a game-changer in addressing...
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Russian State Atomic Energy Corporation ROSATOM Delivers Main Power Equipment to Seversk
The rotor of the steam turbine and the stator of the generator set for the innovative BREST-OD-300 reactor power unit have been delivered to the construction site of the Generation IV Pilot Demonstration Energy Complex in the city of Seversk, Tomsk Region. The complex is being built at the Siberian Chemical Plant (part of the...
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Israel’s Leviathan signs $35 billion natural gas supply deal with Egypt
LONDON/JERUSALEM, Aug 7 (Reuters) – Israel’s Leviathan natural gas field has signed the largest export agreement in the country’s history, worth up to $35 billion to supply gas to Egypt, NewMed , one of the partners in the field, said on Thursday.The deal should ease an energy crisis in Egypt, which has spent billions of...
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xxon’s massive Baytown hydrogen facility faces an uncertain future
The future of Exxon Mobil’s proposed hydrogen project in Baytown is in limbo after the Trump administration unveiled a slew of changes to hydrogen tax credits under its “big, beautiful bill.”Exxon CEO Darren Woods said on an earnings call that the company has seen “mixed progress” in regards to the development of the project.Exxon CEO...
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Crude Oil and Refined Products Market Review and Outlook
Heightened geopolitical tensions and hikes in supply-risk premiums resulted in a temporary surge in crude oil prices in June by about 13%. This was largely due to the impact of the Israel–Iran conflict that resulted in the Parliament of Iran threatening the closure of the Strait of Hormuz, which accounts for about 20% of the...
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MISA Energy Ghana Emerges as Bold New Identity for Former Engen Ghana.
Formerly known as Engen Ghana, the company has officially unveiled its new identity as MISA Energy Ghana Limited, signalling a transformative shift toward becoming a truly African energy brand—rooted in Ghanaian leadership and driven by international best practices. Unveiling the rebrand at a ceremony in Accra, CEO Brent Nartey emphasized that the new name represents...
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Petroleum revenues slump 56% in first-half 2025, sharp decline reflects falling output, global price pressures
Petroleum revenues fell by more than half in the first six months of 2025, dropping 56 percent year-on-year to US$370.6million amid a double blow from declining crude oil output and weakening global prices, according to data from the Bank of Ghana (BoG). This development marks a steep reversal from the same period in 2024, when...