BP exits giant Australian green hydrogen and renewables hubBP has exited the gigantic Australian Renewable Energy Hub, which would feature up to 26GW of upstream wind and solar, much of which would have been used produce hydrogen and ammonia. The oil company had first bought a 40.5% operating stake in the project back in 2022,...
Category: News
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Global Shift Toward Small Modular Reactors Accelerates, with Key Lessons for Africa’s Energy Future
A new report from the OECD Nuclear Energy Agency (NEA) reveals rapid global momentum behind Small Modular Reactors (SMRs) a technology increasingly being recognised as a strategic tool for clean, reliable, and decentralized energy production. The latest edition of the NEA’s SMR Dashboard identifies 127 unique SMR designs worldwide, up from 98 in the previous...
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Energy Mismanagement: CEMSE Calls for Prosecutions and Reforms
A scathing report by Ghana’s Auditor-General has uncovered deep-rooted financial mismanagement, procurement violations, and operational lapses in the country’s energy sector, with the Electricity Company of Ghana (ECG) implicated in the misapplication of an estimated GH¢18.4 billion. The audit, which reviewed accounts up to December 31, 2024, exposes chronic inefficiencies and governance breakdowns that pose...
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Gold-for-Oil Was Just a Cash Deal – Finance Minister Discloses
Finance Minister Dr. Cassiel Ato Forson has debunked claims that the much-touted “Gold for Oil” initiative introduced by the previous administration was a true barter arrangement involving the direct exchange of gold for petroleum products. Speaking on JoyNews’ PM Express, Dr. Forson revealed that contrary to public belief, the policy never involved any actual trading...
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Converging Exxon and Chevron operations could spur next mega-merger
LONDON, July 24 (Reuters) – Exxon Mobil and Chevron’s recent major acquisitions raise a provocative question: does the U.S. still need two energy titans, or might it be more efficient for the two to join forces?An $800 billion combination would certainly evoke memories of Standard Oil, the conglomerate John D. Rockefeller created in 1870 that...
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Gov’t Inherited Collapsing Energy Sector with \$1.5bn Annual Deficit – Ato Forson
Finance Minister Dr. Cassiel Ato Forson has revealed that the current administration inherited a critically distressed energy sector, saddled with annual financing deficits exceeding \$1.5 billion. Presenting the 2025 Mid-Year Budget Review to Parliament on Thursday, July 24, Dr. Ato Forson described the sector as being in a state of financial hemorrhage, citing unsustainable debt...
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Energy Ministry rejects media reports of aviation fuel shortage at Kotoka International Airport
The Ministry of Energy and Green Transition has rejected claims of a shortage of aviation fuel as reported by some media outfits. A press release signed the Ministry’s spokesperson Richmond Rockson said there is no shortage of ATK and that all airline operations are going on smoothly
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DISREGARD FALSE REPORTS OF SHORTAGE OF AVIATION TURBINEKEROSINE (ATK) FUEL
The Ministry of Energy and Green Transition has rejected claims of a shortage of aviation fuel as reported by some media outfits. A press release signed the Ministry’s spokesperson Richmond Rockson said there is no shortage of ATK and that all airline operations are going on smoothly
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Stratcon Energy and CEO Sue IMANI’s Bright Simons for GHS 22 Million Over Defamation Claims
Stratcon Energy and Trading Ltd, a prominent bulk oil distribution and trading company, together with its Chief Executive Officer, Harry Campbell, has filed a defamation suit against Bright Simons, Vice President of IMANI Africa, at the Accra High Court. The plaintiffs are seeking GHS 22 million in general damages for what they describe as “false,...
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Aviation Fuel Shortage Looms at Kotoka International Airport : Energy Sector Constraints Raise Alarm
Ghana’s aviation sector is bracing for disruptions as energy supply challenges threaten the availability of aviation fuel at Kotoka International Airport (KIA). Airlines have been urged to make advance refuelling arrangements with their fuel service providers as the country grapples with an impending shortfall in Jet A1 fuel. The caution follows growing concern over constrained...