LONDON, July 24 (Reuters) – Exxon Mobil and Chevron’s recent major acquisitions raise a provocative question: does the U.S. still need two energy titans, or might it be more efficient for the two to join forces?An $800 billion combination would certainly evoke memories of Standard Oil, the conglomerate John D. Rockefeller created in 1870 that...
Category: Energy
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Gov’t Inherited Collapsing Energy Sector with \$1.5bn Annual Deficit – Ato Forson
Finance Minister Dr. Cassiel Ato Forson has revealed that the current administration inherited a critically distressed energy sector, saddled with annual financing deficits exceeding \$1.5 billion. Presenting the 2025 Mid-Year Budget Review to Parliament on Thursday, July 24, Dr. Ato Forson described the sector as being in a state of financial hemorrhage, citing unsustainable debt...
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Energy Ministry rejects media reports of aviation fuel shortage at Kotoka International Airport
The Ministry of Energy and Green Transition has rejected claims of a shortage of aviation fuel as reported by some media outfits. A press release signed the Ministry’s spokesperson Richmond Rockson said there is no shortage of ATK and that all airline operations are going on smoothly
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Stratcon Energy and CEO Sue IMANI’s Bright Simons for GHS 22 Million Over Defamation Claims
Stratcon Energy and Trading Ltd, a prominent bulk oil distribution and trading company, together with its Chief Executive Officer, Harry Campbell, has filed a defamation suit against Bright Simons, Vice President of IMANI Africa, at the Accra High Court. The plaintiffs are seeking GHS 22 million in general damages for what they describe as “false,...
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Aviation Fuel Shortage Looms at Kotoka International Airport : Energy Sector Constraints Raise Alarm
Ghana’s aviation sector is bracing for disruptions as energy supply challenges threaten the availability of aviation fuel at Kotoka International Airport (KIA). Airlines have been urged to make advance refuelling arrangements with their fuel service providers as the country grapples with an impending shortfall in Jet A1 fuel. The caution follows growing concern over constrained...
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Beyond ECG: New Report Calls for Structural Reforms to Fix Ghana’s Energy Sector
A new policy report has challenged the narrative that Ghana’s power sector woes stem solely from the Electricity Company of Ghana (ECG), pointing instead to deeper institutional and systemic failures across the energy value chain. Authored by Seth Owusu-Mante for the International Perspective for Policy and Governance (IPPG), the report titled Securing Ghana’s Energy Future:...
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Beyond ECG: New Report Calls for Structural Reforms to Fix Ghana’s Energy Sector
A new policy report has challenged the narrative that Ghana’s power sector woes stem solely from the Electricity Company of Ghana (ECG), pointing instead to deeper institutional and systemic failures across the energy value chain. Authored by Seth Owusu-Mante for the International Perspective for Policy and Governance (IPPG), the report titled Securing Ghana’s Energy Future:...
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Tenaris secures key contracts for Suriname’s first offshore oil project
TotalEnergies has awarded Tenaris a contract to supply casing, tubing, and Rig Direct® services for the GranMorgu project, Suriname’s first major offshore oil development. Tenaris said it will supply around 47,000 tons of casing and tubing featuring TenarisHydril Blue® and Wedge™ Series connections. The supply includes 13 Chrome steel grades and Dopeless® technology, which enhances...
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New Board Inaugurated to Revive Tema Oil Refinery
In a renewed push to revamp Ghana’s premier oil refinery, the Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, has inaugurated a reconstituted Board of Directors for the Tema Oil Refinery (TOR), acting on behalf of President John Dramani Mahama. The inauguration signals a strategic move by the government to breathe new life...
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Uganda Adopts Innovative Energy Financing to Expand Electricity Access Amid Debt Pressures.
Uganda is turning to innovative and flexible financing models to scale up electricity access, in response to rising public debt and changing consumer demand. The country is leveraging public-private partnerships (PPPs), blended finance, and regional collaboration to achieve universal energy access by 2040, reduce reliance on state borrowing, and stimulate inclusive economic growth. Facing a...