The Petroleum Hub Development Corporation (PHDC) was pleased to host the leadership of Ecobank Ghana on Thursday, July 10, 2025, for a high-level courtesy visit that signals a growing partnership between the two institutions. This engagement marks a renewed commitment to collaborate on the development of Ghana’s Petroleum Hub Project a transformative initiative aimed at...
Category: Energy
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Electricity Company of Ghana Schedules Maintenance in Volta and Greater Accra Regions
Ghana’s state power distributor, the Electricity Company of Ghana (ECG), has announced a planned maintenance exercise scheduled for Thursday, July 10, 2025. The initiative, targeting sections of the Volta and Greater Accra regions, is part of ongoing efforts to enhance grid reliability and improve service delivery. In a public notice released on Saturday, July 5,...
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PIAC’s operations crippled, as gov’t withdraws direct oil revenue funding
The Public Interest and Accountability Committee (PIAC), the statutory body mandated to monitor petroleum revenue management, has seen its operations stall after the government scrapped its dedicated share of petroleum revenue funding. Seven months into 2025, PIAC has conducted only one regional engagement in the Ashanti Region and two oil-funded project inspections in the Northern...
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Ghana’s Star Oil Emerges as Market Leader in Petroleum Sales for First Half of 2025
ACCRA, GHANA Indigenous oil marketing company, Star Oil, has solidified its position as the top petroleum distributor in Ghana, outperforming long-standing industry leader GOIL in total product sales for the first five months of 2025. This development was revealed in the National Petroleum Authority’s (NPA) Oil Marketing Companies (OMCs) Performance Statistics for January to May...
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Ghana Boosts Domestic Gas Supply in Strategic Move with ENI*
Ghana’s Ministry of Energy and Green Transition has announced a significant enhancement to the country’s natural gas output, following a new agreement with Italian energy major ENI. The deal will see ENI increase gas production by 30 million standard cubic feet per day (MMscfd), raising total supply to 270 MMscfd starting Sunday, July 13, 2025....
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Ghana’s 24-Hour Economy Policy: Energy Demand, Supply, and Investment Requirements
Ghana’s 24-hour economy policy aims to transform the nation into a round-the-clock hub for industry, commerce, and services, boosting productivity and economic growth. However, this ambitious vision depends on reliable and sustainable electricity supply. The feasibility of the program depends on electricity demand and supply, as the policy is a manufacturing-led initiative involving agro-processing and industrial parks across...
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Oil rises on Red Sea attacks, copper tariff concerns, lower US production
LONDON, July 9 (Reuters) – Oil prices climbed on Wednesday, maintaining their highest levels since June 23, lifted by attacks on shipping in the Red Sea, along with concerns over steep U.S. tariffs on copper and a forecast for lower U.S. oil production. Brent crude futures gained 48 cents, or 0.7%, to $70.63 a barrel...
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Ghana’s Energy Minister Announces Temporary Nationwide Power Disruption on July 13 Due to ENI Gas System Upgrade
Ghana’s Minister for Energy and Green Transition, John Abdullai Jinapor, has announced a scheduled power interruption across the country on Sunday, July 13, as Italian energy giant ENI undertakes critical maintenance on its gas infrastructure. The temporary shutdown, which will involve ENI turning off its gas valves, is part of ongoing efforts to boost the...
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PHDC and UKGCC Strengthen Strategic Collaboration to Advance Ghana’s Petroleum Hub Vision
The Petroleum Hub Development Corporation (PHDC) and the UK-Ghana Chamber of Commerce (UKGCC) have reaffirmed their commitment to a strategic partnership aimed at driving the successful realization of Ghana’s Petroleum Hub—an ambitious project set to transform the country into a regional energy and petrochemical powerhouse. The renewed pledge was made during a courtesy visit by...
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Oil exploration drives Namibia’s foreign investment to N$13.9 billion
Ongoing oil exploration and appraisal activities have propelled Namibia’s net foreign direct investment (FDI) to N$13.9 billion in the first quarter of 2025, according to the Bank of Namibia. The surge represents a 28.8% increase from the previous quarter and a 14.5% rise year on year, underscoring the impact of sustained activity in the country’s...