Libya signed a 25-year oil development agreement on Saturday with France’s TotalEnergies and U.S.-based ConocoPhillips, involving more than $20 billion in foreign-financed investment, Prime Minister Abdulhamid al-Dbeibah said.Signed through Waha Oil Company, the deal is aimed at boosting production capacity by up to 850,000 barrels per day (bpd) and is expected to generate net revenues...
Category: News
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INSTEPR Executive Director Defends Petroleum Floor Price Amid Calls for Removal
Kwadwo Poku, Executive Director of the Institute for Energy Policies and Research (INSTEPR), has weighed in on the ongoing discourse surrounding fuel price competition among Oil Marketing Companies (OMCs) in Ghana. Speaking on the issue, Mr. Poku expressed surprise at calls from some civil society organizations (CSOs) advocating for the removal of the petroleum floor...
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AASUP Meets GoldBod to Explore Sustainable Mining Collaborations
The Association of African Sustainability Practitioners (AASUP) held a high-level meeting with the Ghana GoldBod on Wednesday, January 21, 2026, to discuss potential collaborations aimed at strengthening sustainable mining practices. The meeting, hosted at GoldBod headquarters in Accra, saw AASUP represented by its President, Mr. Humphrey Tetteh, Dr. Peter Nyano, and Executive Secretary Sakina Twumasi....
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Cordial talks underway – COMAC confident Star Oil will rejoin Chamber
The Chamber of Oil Marketing Companies (COMAC) says cordial discussions are underway with Star Oil and expressed confidence that the market leader will rejoin the Association soon. Speaking on Joy News’ PM Express, Business Edition on Thursday, COMAC Chairman Gabriel Kumi confirmed that the Chamber has officially responded to a letter from Star Oil’s CEO....
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Seplat Energy Announces Appointment of Tony Elumelu as Non-Executive Director
Following the Company’s prior announcement regarding the sale of Etablissements Maurel et Prom SA (“M&P”) 20.07% shareholding in Seplat to a combination of Heirs Holdings Limited and Heirs Energies Limited, the Board of Seplat Energy today announces the resignation of Mr. Olivier Cleret De Langavant as a Non-Executive Director effective 22 January 2026. Mr. Langavant,...
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Energy Minister Engages PHDC to Review 2025 Performance, Align 2026 Priorities
The Minister for Energy and Green Transition has engaged the Petroleum Hub Development Corporation (PHDC) as part of the Ministry’s strategic planning efforts, undertaking a comprehensive review of the Corporation’s performance in 2025 and aligning priorities for 2026. The engagement focused on strengthening execution, unlocking new investment opportunities, and positioning PHDC to deliver enhanced value...
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Government Engages TUC, Utility Stakeholders on Private Sector Participation in Power Distribution
The Minister for Energy and Green Transition, John Jinapor, has held a high-level engagement with the Trades Union Congress (TUC), the Public Utilities Workers’ Union (PUWU), the Northern Electricity Distribution Company (NEDCo), and representatives of other utility institutions to discuss private sector participation in the operations of the Electricity Company of Ghana (ECG) and NEDCo....
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Mixed reactions greet state-owned power plant initiative
By Kizito CUDJOEGovernment’s plan to build a 1,200-megawatt (MW) state-owned thermal power plant has drawn cautious approval from independent power producers, even as energy policy think-tanks warn that long-standing structural and climate risks could undermine the project’s viability if left unaddressed. Announced by the Finance Minister in the 2026 Budget Statement and Economic Policy, the...
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CEMSE Warns NPA Price Floor Undermines Competition and Harms Consumers
Accra, Ghana – January 22, 2026 – The Centre for Environmental Management and Sustainable Energy (CEMSE) has raised concerns over the National Petroleum Authority’s (NPA) petroleum price floor, arguing that the policy undermines market efficiency, stifles competition, and ultimately hurts consumers. Introduced in April 2024, the price floor sets a minimum retail price for petroleum...
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Santol Energy aligns with Star Oil on fuel price relief, signals customer loyalty scheme
Santol Energy, a wholly Ghanaian-owned oil marketing company, has expressed strong alignment with recent industry views advocating fuel price reductions, welcoming what it described as a timely and pragmatic intervention by the leadership of Star Oil as pressure mounts to translate improving macroeconomic conditions into consumer relief. Santol Energy said comments by Star Oil’s chief...