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,...
Category: News
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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...
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NPA CEO VISITS SENTUO REFINERY; APPLAUDS SENTUO’S EFFORTS
The Chief Executive of the National Petroleum Authority, Mr. Godwin Kudzo Tameklo (Esq.), has commended Sentuo Oil Refinery for its contributions to the downstream petroleum sector. The NPA Boss also implored Sentuo Refinery to increase local content participation. These comments come after a team from the National Petroleum Authority led by the CEO, paid a...
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Venezuelan Crude Reallocation Faces Complex Sanctions Risks, Not Simple Market Shift – Energy Chamber Ghana
The global crude oil market is expected to undergo a more nuanced adjustment to Venezuelan oil supply in early 2026 than is commonly assumed, according to the Executive Chairman of the Energy Chamber Ghana, Joshua Batsa Narh.Mr. Narh, who is also a Director at the Wingfield Group, said assumptions Venezuelan Crude Reallocation Faces 6Complex Sanctions...
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ZEN Petroleum appoints Frank Adu as Board Chairman
ZEN Petroleum Limited has announced the appointment of seasoned corporate leader Frank Adu as its new Board Chairman, effective January 1, 2026.The appointment was disclosed in a press release issued on Monday, January 5, 2026.Mr. Adu succeeds Tutu Agyare, who steps down after nine years of service as Board Chairman.Mr. Adu brings decades of executive...