The last of the three operable units at the Bilibino Nuclear Power Plant in Chukotka, Russia, was permanently shut down on 30 December.Bilibino Nuclear Power Plant, in Russia’s Arctic north east, has been operating for 51 years in the permafrost zone, with its reactors operating for a combined 190 reactor-years, generating 11.6 billion kWh of...
Category: News
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China begins construction of two new nuclear power units
First concrete has been poured for the nuclear islands of unit 1 of the Bailong nuclear power plant in China’s Guangxi Zhuang Autonomous Region and of unit 2 at the Lufeng plant in Guangdong province, marking the official start of construction of the two CAP1000 reactors. The construction of Phase I (units 1 and 2)...
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TEN Partners Agree to Acquire FPSO, Target Lower Operating Costs from 2026
Partners in Ghana’s Tweneboa, Enyenra and Ntomme (TEN) oil fields have reached an agreement on final sale and purchase terms to acquire the floating production, storage and offloading (FPSO) vessel currently deployed at the field, ahead of the expiry of its lease in 2027, according to Kosmos Energy. In its operational and financial update released...
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Petroleum Hub Is Ghana’s Most Reliable Path to Economic Transformation – Dr Aubynn
The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr Toni Aubynn, has presented the Petroleum Hub project as the country’s most reliable and transformative pathway to building a resilient economy capable of withstanding global shocks. Speaking at the 77th Annual New Year School and Conference of the University of Ghana on Tuesday,...
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NPA envisions innovative and sustainable downstream petroleum sector
– Edudzi Tamekloe The Chief Executive Officer of the National Petroleum Authority (NPA), Godwin Edudzi Tamekloe, has said the Authority envisions an innovative, sustainable, and efficient downstream petroleum sector.According to him, this forms part of NPA’s contribution to sustainable development in the country.He said, “On our part, at the National Petroleum Authority, we envision a...
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GOIL Cuts Fuel Prices Effective January 6
GOIL PLC has announced a reduction in the prices of its petroleum products, effective Tuesday, January 6, 2026, in a move the company says underscores its commitment to providing quality fuel at affordable prices to Ghanaians. Under the new pricing regime, Regular Fuel (Super XP) is selling at GH¢10.99 per litre, representing a reduction of...
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Ghana secures bigger share of Jubilee as oil licences extended to 2040
Ghana is set to increase its stake in the Jubilee oilfield as part of a licence extension agreement that will allow continued production from the country’s flagship offshore assets well into the next decade, while also supporting efforts to arrest output decline through additional drilling. The government has approved extensions to the West Cape Three...
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Why Geopolitical Chaos Isn’t Pushing Prices Higher
you’ve been watching global headlines lately, it would be easy to assume oil prices would be sky-high: a major oil-reserve country mired in crisis, sanctions on perennial producers, regional conflicts simmering, and social unrest in several exporters. And yet Brent and WTI have been languishing around $60 a barrel, a level that, a decade ago,...
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Oil Prices Could Slip to $50 a Barrel by June
Oil prices are set to continue their downward trajectory and slid to as low as $50 per barrel Brent by the middle of this year, amid ample supply, according to analysts at India’s SBI Research. “Oil prices in general have remained subdued due to the OPEC+ decision to increase production,” the analysts wrote in a...
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Three-way co-loading dominates Ghana’s Q1 laycan slots, unsettling crude and product importers
Ghana’s first-quarter laycan allocation programme, dated 31 December 2025, is triggering pushback from a cross-section of importers who say the schedule’s growing reliance on three-party co-loading is raising operational risk and eroding certainty for supply planning. At the centre of the discontent is a shift in how discharge windows at ABB are being shared. Multiple...