TotalEnergies has signed four Production Sharing Contracts (PSC) for the LB-6, LB-11, LB-17 and LB-29 Exploration blocks offshore Liberia, which were awarded following the 2024 Direct Negotiation Licensing Round organized by the Liberia Petroleum Regulatory Agency.The blocks LB-6, LB-11, LB-17 and LB-29, covering an area of approximately 12,700 square kilometers, are located in the south...
Category: News
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Government Engages Power Sector Stakeholders to Secure Stable Electricity Supply
The government has held a high-level meeting with key players in the power sector to review the current electricity situation and chart strategies for future stability. The meeting, convened this morning, at the instance of the minister of energy and green transition John Jinapor, was aimed at safeguarding consistent and reliable power supply for consumers...
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PIL marks historic naming ceremony of first LNG dual-fuel container cessel in Ghana
Pacific International Lines (PIL) held the naming ceremony of its latest 8,200 TEU LNG dual-fuel container vessel at the Port of Tema, marking a historic first for PIL in Ghana.The vessel, part of PIL’s new “O” Class series, was officially named Kota Odyssey by Vice President Naana Jane Opoku-Agyemang, who served as the Lady Sponsor.The...
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PURC Set to Roll Out New Utility Tariffs in January 2026
The Public Utilities Regulatory Commission (PURC) has announced that revised utility tariffs will take effect from January 2026, following ongoing stakeholder consultations and public hearings. According to PURC’s Executive Secretary, Dr. Shafic Suleman, the review seeks to strike a delicate balance between safeguarding consumers from excessive charges and ensuring that service providers remain financially sustainable....
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Ambassador TONG Defa Highlights China’s Pledge of 30 Clean Energy Projects in Africa
Speaking at the Ghana–China Climate Summit 2025, held at the AfCFTA Auditorium in Accraon September 16, the Chinese Ambassador to Ghana, H.E. TONG Defa, reaffirmed China’s strong commitment to Africa’s green development, highlighting Beijing’s pledge to deliver 30 clean energy projects across the continent as announced under the FOCAC 2024 Beijing Action Plan. The Summit,...
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Ghana Signals Readiness to Explore MoU on Green Development with China
The Ghana–China Climate Summit 2025, held at the AfCFTA Auditorium in Accra, on September 16, marked a major milestone in bilateral cooperation, attracting more than 250 participants from governments, the diplomatic community, academia, civil society, and the private sector. Delivering a keynote address, Hon. Issifu Seidu, Minister of State for Climate Change and Sustainability, announced...
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Infrastructure Gaps Driving Up Fuel Prices in Ghana’s Petroleum Sector
While exchange rate volatility and global oil prices often dominate discussions around fuel price hikes in Ghana, industry data reveals another critical factor — inadequate infrastructure in the downstream petroleum sector. According to market analysts, inefficiencies in petroleum product storage and discharge facilities are creating hidden costs that are eventually passed on to consumers at...
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Ghana Secures $1.5 Billion Oil and Gas Investment Agreement with ENI, Vitol, and GNPC
Ghana has taken a significant step to strengthen its upstream petroleum sector with the signing of a Memorandum of Intent with ENI, Vitol, and the Ghana National Petroleum Corporation (GNPC). The agreement, announced at Africa Oil Week in Accra, outlines an integrated strategic investment plan valued at $1.5 billion. The capital injection is expected to...
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First Nigerian Gasoline Cargo Arrives in U.S.
The first cargo of Nigerian gasoline produced at the Dangote refinery has reportedly arrived at its destination in the United States. Reuters, citing unnamed sources in the know and ship-tracking data, said the gasoline cargo was arranged by Sunoco and commodity trader Vitol. VesselFinder reported that Gemini Pearl, a Panama-flagged oil product carrier, was currently...
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The Ghana Fuel Price Trap: Why Oil-Rich Doesn’t Mean Cheap Fuel Prices
Yakubu Adam, Graduate Student (Energy and Environmental Policy, Joseph Biden Jr. School of Public Policy & Administration, University of Delaware) Every Ghanaian at a fuel pump in recent months has asked the same question: why is fuel so expensive in an oil-producing country? The frustration is palpable for drivers, business owners, and households. We are...