The Western Nzema Traditional Council (WNTC) has expressed great appreciation and excitement to President Mahama for his call to “expedite” action on the development of the petroleum and petrochemical industry at Jomoro.They are, however, ambivalent about the government’s plan to redesign the 20,000-acre land allocated for the Hub. According to the council, the government’s proposal,...
Category: Energy
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Global oil markets will face record surplus in 2026, says IEA
(Bloomberg) – Global oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said. Oil inventories will accumulate at a rate of 2.96 million bpd, surpassing even the average buildup during the pandemic year of 2020, data from the IEA’s monthly report showed....
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Gold-for-Oil Confusion: Think Tank Demands Parliament Grill Finance Minister, BoG Governor
The Institute for Economic Research, Policy, and Practice (IERPP) is demanding that Parliament summon the Minister of Finance and the Governor of the Bank of Ghana to clarify conflicting accounts regarding the country’s Gold-for-Oil (G4O) programme. In a statement issued on Tuesday, August 12, 2025, the think tank expressed “grave concern” over what it described...
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Nigeria generates N5.21tn from oil sales in H1
The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, raked in N5.21tn from the sale of crude oil, gas and other economic activities in the first six months of 2025. It said the revenue inflow represents 42.7 per cent of the record N12.2tn it generated in the entire 2024 fiscal year. The figure, however,...
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Marketers engage Dangote Refinery ahead August 15 direct supply rollout
Marketers across Nigeria are intensifying engagement efforts with the refinery’s management to secure reliable and cost-effective fuel supplies as Dangote Petroleum Refinery prepares to commence the direct distribution of petrol to the domestic market on August 15. The engagement, according to industry sources, is aimed at securing direct access to refined petrol at stable and...
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Atuabo Gas Plant to Shut Down for Maintenance August 16–30
The Ministry of Energy and Green Transition has given the green light for the Ghana National Gas Company Ltd. (Ghana Gas) to carry out a scheduled maintenance shutdown at the Atuabo Gas Processing Plant from August 16 to 30, 2025. The two-week exercise will involve critical inspections, repairs, and system upgrades aimed at improving the...
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Namibia bids to join Nuclear Suppliers Group as world’s third-largest uranium producer.
Namibia has endorsed its bid to join the Nuclear Suppliers Group (NSG), the international body that sets rules for the export of nuclear technology and materials to prevent their use in weapons. The Ministry of International Relations and Trade will spearhead the application process and establish an inter-ministerial committee to ensure compliance with NSG guidelines,...
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Africa’s richest country advances plans for new nuclear plant
South Africa’s environment minister on Friday upheld a 2017 decision granting state-owned power utility Eskom environmental authorisation to build and operate a 4,000-megawatt nuclear power station in the Western Cape. The facility is planned for Duynefontein, near Cape Town’s Koeberg plant, currently the only commercial nuclear power station operating in Africa, according to Reuters. Environmental...
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Genser Energy stands in grief with Ghana after helicopter crash
Genser Energy has expressed condolences to Ghana after eight prominent Ghanaians, including two cabinet ministers and senior military officers, were killed in a helicopter crash in the Ashanti Region. The aircraft went down on 6 August at Adansi Akrofuom, claiming the lives of Defence Minister Dr Edward Kofi Omane Boamah; Environment, Science and Technology Minister...
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BP layoffs expand by 32% as energy giant shifts focus to traditional oil.
BP, the global energy giant with its U.S. headquarters in Houston, is now planning to cut 6,200 office jobs—up from the 4,700 layoffs it announced just seven months ago. That’s a 32 percent jump, and with Houston home to the company’s largest employee base, the ripple effects could be significant. BP employs about 4,000 people...