The Africa Sustainable Energy Centre (ASEC) has raised alarm over Ghana’s rapidly declining crude oil production, cautioning that the sharp fall in petroleum revenues poses a significant threat to national fiscal stability and energy security. In a statement issued on Monday, ASEC revealed that petroleum revenue dropped by 56% in the first half of 2025,...
Category: Energy
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PHDC Engages BOST Energies, TOR in High-Level Talks on Strengthening Energy Sector Collaboration
The Petroleum Hub Development Corporation (PHDC) has held a high-level strategic meeting with the Bulk Oil Storage and Transportation Company Limited (BOST Energies) and the Tema Oil Refinery (TOR) to explore collaboration opportunities aimed at bolstering Ghana’s energy and industrialisation drive. The engagement, which took place on Tuesday, November 25, brought together senior executives from...
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GRIDCo recognises AngloGold Ashanti for outstanding safety collaboration at 2025 Safety Durbar
GRIDCo has recognised AngloGold Ashanti (Obuasi and Tarkwa Mines) and one of its engineers, Kisman Eghan, for their outstanding collaboration with the company over the years in delivering a reliable power supply for the mining sector. The recognition was part of the annual Corporate Safety Durbar and Awards Ceremony, which climaxed a month-long safety awareness...
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GNPC to begin onshore drilling in 2026, but CSOs question readiness
The country’s push to revive its dwindling oil fortunes is taking centre stage again as the state prepares to drill its first onshore exploration well in the Voltaian Basin during October 2026 – a move civil society groups say still lacks the clarity and technical assurance needed for such a major undertaking. The announcement, delivered...
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Strengthening Regional Energy Cooperation: Petrodex, AU, SADC and CEC Unite for Zim Zam 2025
The 2nd edition of the Zimbabwe–Zambia Energy Projects Summit (Zim Zam 2025) will take place from 26–28 November 2025 at the Radisson Blu Mosi-Oa-Tunya Livingstone Resort, bringing together leading policymakers, investors, and energy developers to advance Southern Africa’s clean energy transition. With the participation of the African Union (AU) and the Southern African Development Community...
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GNPC Refutes Claims of Withholding Data in Springfield WCTP-2 Valuation Process
The Ghana National Petroleum Corporation (GNPC) has dismissed what it describes as misleading public reports regarding its role in the ongoing controversy surrounding the valuation of Springfield Exploration and Production Ltd.’s interest in the West Cape Three Points Block 2 (WCTP-2). The corporation’s response follows heightened public scrutiny after the Ministry of Energy and Green...
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Four Days More to the 9th Ghana Energy Awards
With only four days to go, anticipation is mounting across Ghana’s energy fraternity as preparations near completion for the much-awaited 9th Ghana Energy Awards (GEA). The prestigious industry event is scheduled to take place on Friday, 28th November 2025, at the Labadi Beach Hotel, Accra. Held under the theme “Repositioning the Energy Sector as a...
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“Buying Our Own Block Makes No Sense”, Says ACEP; Warns Gov’t Against Risky Afina Takeover Citing Non-Commercial Data and High Fiscal Exposure
Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has cautioned that government’s plan to assume Springfield Exploration & Production’s interest in the West Cape Three Points Block 2 (WCTP2) — the Afina discovery — represents an “illogical and fiscally dangerous” move given the absence of commercially viable data and Ghana’s limited...
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PHDC Acting CEO Dr. Tony Aubynn Named “Most Influential Corporate Leader of the Decade”
The Acting Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr. Tony Aubynn, has been honoured with the “Most Influential Corporate Leader of the Decade” Award for his outstanding contribution to national development. The recognition celebrates Dr. Aubynn’s transformative leadership and his impact across multiple sectors, including mining, energy, finance, and sports administration....
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Ghanaian energy mogul Kevin Okyere in talks to sell oil block to state-owned GNPC
Springfield Group, the energy conglomerated founded by Ghanaian energy mogul Kevin Okyere, is in talks to sell its interest in the West Cape Three Points Block 2 (WCTP2) to the state-owned Ghana National Petroleum Corporation. The discussions mark one of the most significant moves in Ghana’s upstream sector in recent years and could allow the...