The Petroleum Hub Development Corporation (PHDC) has organized a three-day seminar to empower women within the corporation as part of activities to commemorate International Women’s Day 2026.The seminar, held under the theme “Give to Gain,” brought together female staff of the corporation for mentorship, knowledge sharing, and discussions on leadership and professional developmentThe event featured...
Category: News
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Mahama Commissions Sahara LPG Vessel to Boost Ghana’s Energy Infrastructure
President John Dramani Mahama has commissioned the Sahara LPG Vessel as part of his visit to South Korea, describing the development as a significant step toward strengthening Ghana’s energy infrastructure and advancing the country’s transition to cleaner energy sources. Speaking at the commissioning ceremony, the President noted that the event represented more than a symbolic...
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Dozens of countries agreed to release 400 million barrels of oil. But it didn’t bring down prices.
The Department of Energy said the United States would contribute 172 million barrels of oil from the Strategic Petroleum Reserve, starting next week.The International Energy Agency said Wednesday that member countries had unanimously agreed to release 400 million barrels of oil from their reserves in a bid to ease prices that are soaring due to...
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Iran Warns Oil Could Hit $200 per Barrel as Hormuz Threat Escalates
Oil markets are bracing for an even bigger potential price shock with Iran on Wednesday warning that crude could surge to $200 per barrel if the war involving the U.S. and Israel continues to destabilize the Middle East’s energy corridors. Ebrahim Zolfaqari, spokesperson for Iran’s Khatam al-Anbiya military command headquarters, warned the world to “get...
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NPA Assures Public of Stable Fuel Supply Amid Global Energy Market Concerns
The National Petroleum Authority (NPA) has assured the public that Ghana’s fuel market remains stable and adequately supplied despite growing concerns about developments in the global energy market. The reassurance follows increasing public commentary about the potential impact of global oil price fluctuations and rising geopolitical tensions in the Middle East on fuel supply and...
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COMAC ENGAGES WESTOL PETROLEUM LTD(NOVA)
As part of its ongoing membership engagement initiative, (COMAC) recently met with the leadership of Westol Petroleum Ltd (NOVA) to discuss key operational and regulatory challenges affecting Ghana’s downstream petroleum sector.The meeting, held at Westol head office, was led by Mr. Kwasi Zigah, Managing Director of Westol Petroleum Limited, supported by Mr. Seth Clottey, Finance...
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Government to Procure 1,500 Transformers to Improve Power Supply
The Government of Ghana has announced plans to procure 1,500 transformers to strengthen the country’s electricity distribution network and improve the reliability of power supply. The Minister for Energy and Green Transition, John Abdulai Jinapor, disclosed the initiative during a media briefing, explaining that ageing and overloaded transformers have become a major challenge within Ghana’s...
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Global oil crises a wake-up call for Ghana – PHDC Deputy CEO urges Petroleum Hub fast-track
The Deputy Chief Executive Officer for Operations and Technical at the Petroleum Hub Development Corporation, Onasis Kobby Rosely, has said.Ghana must accelerate the development of its Petroleum Hub project to safeguard its energy future and reduce reliance on foreign supplies.Speaking on Okay FM, Mr Rosely highlighted current global geopolitical tensions, including the ongoing conflict in...
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CBOD’s Response to Claims of Petroleum Product Hoarding
The Chamber of Bulk Oil Distributors (CBOD) says it has taken note of reports of Bulk Import, Distribution and Export Companies (BIDECs) hoarding fuel in anticipation of an increase in prices at the next pricing window, which commences on 16th March (the second pricing window of March)In a statement, CBOD says these claims are categorically...
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Oil price at two-year high after Qatar warns all Gulf production could stop within days.
Oil price at two-year high after Qatar warns all Gulf production could stop within days. Oil prices have risen to their highest level in more than two years, after Qatar’s energy minister warned he expects all oil and gas exporters in the Gulf to stop production within days.Saad al-Kaabi told the Financial Times that the...