Netherlands-based services provider Smit Lamnalco has been awarded a significant multi-year contract by US supermajor ExxonMobil to provide offshore terminal support services, including four newbuild vessels, for work in the Stabroek block offshore Guyana. Smit Lamnalco, which is 100% owned by Dutch contractor Boskalis following a deal closed last year, said it will supply four...
Category: Energy
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Goodbye to NEOM — Saudi Arabia unveils biggest Hydrogen City in history with 400,000 tons annually
Saudi Arabia recently announced its intention to build a massive green hydrogen plant in Yanbu, a project that will be nearly twice the size of the NEOM green hydrogen facility, with the potential to produce 400,000 tons of green hydrogen annually. This move is a component of Saudi Arabia’s broader strategy to become a global...
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Ukraine strikes key Russian oil terminal in massive drone attack
But Russian newspaper Moskovskij Komsomolets warned this week that petrol supplies were “near critical”, with drivers in far eastern Russia reporting kilometre-long queues, rationing and soaring prices. Strikes have also hit the Druzhba pipeline, disrupting exports to Hungary and Slovakia – potentially cutting off a key source of foreign currency for Russia. Moscow has intensified...
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Petroleum Hub Development Corporation Deepens Ties with Saudi Partner AHQ Group
The Petroleum Hub Development Corporation (PHDC) is strengthening its strategic partnership with Saudi Arabia’s Abdel Hadi Abdullah AlQahtani & Sons Group of Companies (AHQ Group) following a high-level visit to Ghana by senior executives of the group. On Friday, September 12, 2025, top officials of the AHQ Group, accompanied by their local partners, the Special...
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Namibia warns against export-only hydrogen model
Namibia’s National Planning Commission Director General, Kaire Mbuende, has called on African and global leaders to ensure the hydrogen economy delivers real benefits for Namibians rather than repeating the limited gains of past extractive industries.Opening the Global African Hydrogen Summit 2025 in Windhoek, Mbuende said the sector must drive industrial growth, job creation and community...
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IMF Backs Ghana’s Utility Tariff Review, Urges Broader Energy Reforms
The International Monetary Fund (IMF) has thrown its weight behind Ghana’s planned review of utility tariffs in the energy and power sectors, describing it as a critical step toward addressing long-standing inefficiencies in the industry. Speaking at a press briefing in Washington, D.C., IMF Communications Director Julie Kozack said the adjustment is expected to help...
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Energy Ministry Urges Calm Over ECG’s Proposed 228% Tariff Hike
The Ministry of Energy and Green Transition has called on Ghanaians to remain calm following the Electricity Company of Ghana’s (ECG) proposal for a 228% increase in electricity tariffs. Speaking to journalists at the launch of the Ghana Energy Awards, Deputy Minister for Energy and Green Transition, Richard Gyan-Mensah, clarified that the Public Utilities Regulatory...
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Total Energies eyes expansion in Namibia beyond Venus project
TotalEnergies Chief Executive Officer Patrick Pouyanné says the company is looking to grow its footprint in Namibia’s oil sector beyond the Venus project, even as the deepwater discovery remains the group’s top priority. Venus today is a priority, but it’s clear that TotalEnergies is willing to use Venus as a base to try to move...
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Africa Positioned as Next Investment Hub – Jinapor at Gastech 2025
The energy is minister John Jinapor on Wednesday September 10, participated as a panellist at the ongoing Gastech 2025, contributing to a high-level discussion on “Powering Growth & Prosperity in High Potential Economies Through Widened Access to Affordable, Reliable, and Flexible Energy.” Speaking on the sidelines of the global energy forum, the energy minister stressed...