The Government of Ghana says it has settled approximately US$1.47 billion in outstanding energy sector obligations, a move the Ministry of Finance says has restored financial stability to the sector as of December 31. In a statement issued on Monday, the Ministry disclosed that the payments covered major legacy liabilities, including a US$597.15 million World...
Category: News
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COMAC Raises Alarm Over GRA Enforcement, Warns of Risks to Industry Stability
The Chamber of Oil Marketing Companies (COMAC) has raised concerns over what it describes as ongoing regulatory challenges with the Ghana Revenue Authority (GRA), warning that the issues pose a threat to operational stability and fairness within the petroleum downstream sector.In a press release signed by the industry regulator Dr. Riverson Oppong, the Chamber said...
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GNPC and SONATRACH Forge Alliance to Advance African Energy Excellence
In a significant step to bolster technical excellence and regional synergy across the African petroleum value chain, the Ghana National Petroleum Corporation (GNPC) has formalised a strategic partnership with Algeria’s national oil company, SONATRACH. This landmark Memorandum of Understanding (MoU), signed on Tuesday, January 6, 2026, in Brazzaville, Republic of Congo, was established under the...
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AIS Motorcycle Team Backs GOIL Fuels for West African Tour
The AIS Motorcycle Team, an international long-distance riding group, has begun its West African tour after endorsing GOIL fuels, citing their quality and competitive pricing. Renowned for championing adventure riding, road safety, and community-oriented initiatives, the team said GOIL’s reliable and cost-effective fuel offerings played a major role in its decision to partner with the...
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Energy and Green Transition Minister, John Jinapor, has inspected the AKSA
Ahwomaso Power Plant following the successful completion of its tie-in to the national transmission grid by the Ghana Grid Company (GRIDCo).With the grid connection completed, the facility is expected to add about 141 megawatts of generation capacity to the national grid, providing a significant boost to electricity supply for households, businesses, and industries, especially in...
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World Gold Council and Commodity Monitor Ltd hold discussions on ASGM Formalisation & Sustainable Mercury-Free Gold Processing Technologies
Artisanal and Small-Scale Gold Mining (ASGM) remains one of the most complex yet vital segments of the global gold industry supporting millions of livelihoods and contributing significantly to national economies, especially in gold-rich countries like Ghana. Yet the sector has long grappled with informal practices, environmental degradation, illicit trading activities and health hazards most notably...
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Decommissioning licence to 2055 issued for Leningrad 1
Russia’s nuclear regulator Rostekhnadzor has issued a licence valid to 2055 for the decommissioning of Leningrad Nuclear Power Plant’s first unit, which aims to set a template for such work on an RBMK-1000 reactor. Rosatom says that the 30-year decommissioning work will “serve as a benchmark for all subsequent pressure-tube reactor dismantling projects worldwide”. The...
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Final unit at Bilibino Nuclear Power Plant permanently shut down
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...
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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...