The future of Exxon Mobil’s proposed hydrogen project in Baytown is in limbo after the Trump administration unveiled a slew of changes to hydrogen tax credits under its “big, beautiful bill.”Exxon CEO Darren Woods said on an earnings call that the company has seen “mixed progress” in regards to the development of the project.Exxon CEO...
Category: Energy
Post
Post
Crude Oil and Refined Products Market Review and Outlook
Heightened geopolitical tensions and hikes in supply-risk premiums resulted in a temporary surge in crude oil prices in June by about 13%. This was largely due to the impact of the Israel–Iran conflict that resulted in the Parliament of Iran threatening the closure of the Strait of Hormuz, which accounts for about 20% of the...
Post
MISA Energy Ghana Emerges as Bold New Identity for Former Engen Ghana.
Formerly known as Engen Ghana, the company has officially unveiled its new identity as MISA Energy Ghana Limited, signalling a transformative shift toward becoming a truly African energy brand—rooted in Ghanaian leadership and driven by international best practices. Unveiling the rebrand at a ceremony in Accra, CEO Brent Nartey emphasized that the new name represents...
Post
Petroleum revenues slump 56% in first-half 2025, sharp decline reflects falling output, global price pressures
Petroleum revenues fell by more than half in the first six months of 2025, dropping 56 percent year-on-year to US$370.6million amid a double blow from declining crude oil output and weakening global prices, according to data from the Bank of Ghana (BoG). This development marks a steep reversal from the same period in 2024, when...
Post
Ambassador Tong: China Ready to Support Ghana’s 24-Hour Economy Through Solar Energy Collaboration
China has reaffirmed its commitment to supporting Africa’s green energy transition, with a strong focus on solar energy development. Speaking on the sidelines of the maiden Ghana-China Media Fellowship 2025 in Accra, the Chinese Ambassador to Ghana, H.E. Tong Defa, said China stands ready to partner with African countries as they work toward achieving their...
Post
China’s CC7 to build 3GW green ammonia plant for Hyphen in Namibia.
China National Chemical Engineering & Construction Corporation Seven (CC7) has been awarded the contract to design and build the world’s largest green ammonia plant in Namibia. The deal with Hyphen Hydrogen Energy includes Front-End Engineering Design (FEED) and Engineering, Procurement and Construction (EPC) contracts. The signing was witnessed by China Chemical Chairman Mo Dingge and...
Post
Importation of toxic fuel deals a major blow to Dangote’s fight for market share.
According to current statistics from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), marketers have recommenced large-scale imports of refined petroleum products, bypassing domestic refining possibilities, most notably the $20 billion Dangote Petroleum Refinery in Lekki. Marketers in Nigeria have resumed large-scale imports of refined petroleum products due to domestic refining limitations, including underutilization...
Post
Nigeria’s EV Market is in Vogue as Foreign Investment Pours in.
The arrival of a locally assembled electric SUV is the latest signal that Nigeria’s EV ambitions are picking up speed. Bonface Orucho, bird story agency Nigeria’s local EV assembling and production is growing, evidenced by the recent unveiling of a high-performance, all-electric SUV built on home soil. The launch signals a growing confidence in domestic...
Post
Nigeria needs a bankable case for energy investment – Ojulari
Bayo Ojulari, the group managing director of the Nigerian National Petroleum Company Limited (NNPC) has called for a coordinated, strategic approach to make Nigeria’s energy sector more attractive to global investors, stating that “Nigeria needs a bankable case for energy investments.” Speaking at the 2025 Society of Petroleum Engineers (SPE) International Conference in Lagos, Ojulari...
Post
Africa Must Lead, Not Follow, in the Global Energy Race – Energy Trader Declares
An influential African energy trader has declared his intent to shake up the traditional oil and gas industry and place Africa firmly at the center of the global energy value chain. “People come to me to buy oil. Others come to sell it. I am not a politician. I am a businessman shaping deals, unlocking...