Fifteen years after Ghana began producing crude oil in commercial quantities from the Jubilee Field, concerns are mounting over how the billions in oil revenue have been managed. With production projected to run dry within the next decade, PhD researcher Odelia Ntiamoah is tracking how the country has utilized and accounted for its share of...
Category: Energy
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Japanese billionaire set to take delivery of hydrogen-powered superyacht that outclasses Bill Gates’
A very lucky Japanese billionaire is set to take delivery of a hydrogen-powered superyacht that outclasses even one owned by Bill Gates. Yusaku Maezawa, known for founding fashion giant Zozotown is about to take delivery of a superyacht that is unlike anything else found on water. Project Cosmos is the latest Lürssen project set to...
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GNPC, Petroleum Commission Deepen Collaboration with New Agreement
The Ghana National Petroleum Corporation (GNPC) and the Petroleum Commission (PC) have signed a Promotion, Marketing and Revenue Sharing Agreement covering all the data acquired under GNPC’s Reconnaissance License on the Voltaian Basin Project. The agreement, formalized at a brief meeting at GNPC’s Training Centre at Mankata Avenue, Accra, provides a framework for the joint...
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ASEC Urges Africa to Accelerate Gas and Renewable Projects Amid Shifting Global Energy Demand
The Africa Sustainable Energy Centre (ASEC) has projected fresh investment opportunities for African gas projects as global demand patterns evolve. The call comes as fourth-quarter LNG exports are expected to decline by nearly 50%, creating new urgency for Africa to strengthen its role in the international gas market. ASEC notes that Europe sees African gas...
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Russia appears to open door for potential Exxon return to Sakhalin-1 project.
Russia’s president Putin has signed a decree to allow foreign investors, including Exxon Mobil (NYSE:XOM), to regain shares in the Sakhalin-1 oil and gas project, Reuters reported Friday. The signing occurred on the same day that Putin met President Trump in Alaska to discuss a potential ceasefire in Ukraine, and possibly on opportunities for investment...
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Namibia urged to fast-track reforms to secure place as Africa’s next energy frontier
Namibia must accelerate legal and institutional reforms to turn its recent oil and gas discoveries into lasting economic benefits, SNC Managing Partner and President of the Association of International Energy Negotiators (AIEN), Shakwa Nyambe, told delegates at the third Namibia Oil and Gas Conference in Windhoek.Delivering a presentation titled Industry Leaders’ Insights under the theme...
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bp-Eni venture seeks to fast-track output from Namibia discovery
(Bloomberg) – Azule Energy, a joint venture between bp and Eni, is fast-tracking its Namibia oil operations as it competes with companies including TotalEnergies SE to be among the first to produce crude in one of the world’s newest hotspots. Azule last year negotiated a stake in Namibia’s block 2914A from operator Rhino Resources, and...
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South African court reverses TotalEnergies’ approval for offshore block
(Bloomberg) — A South African court overturned a decision granting TotalEnergies SE environmental authorization for an oil exploration block offshore the country’s west coast.The Western Cape High Court ruled that the environmental impact assessment for Total’s Block 5/6/7 was “deeply flawed, failing to address key risks, legal requirements, and public participation,” Green Connection, one of...
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Star Oil Investigates Deadly Tanker Crash at Asukawkaw Market
Star Oil Ltd has begun an internal probe into a tragic accident involving one of its Bulk Road Vehicles (BRVs) that occurred on Thursday, August 14, 2025, near Asukawkaw in the Oti Region. The crash left four people dead and 14 others injured after the tanker reportedly veered out of control and ploughed into a...
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Petrol, LPG Prices to Rise Slightly from August 16; Diesel to Drop
Petrol and liquefied petroleum gas (LPG) prices are expected to edge higher from August 16, while diesel will see a slight decline, according to projections from the Chamber of Oil Marketing Companies (COMAC). Pump prices for petrol are forecast to rise between 0.39 and 2.71 per cent per litre, with LPG increasing by as much...