Fuel prices at the pump are expected to fall in the first week of November, with some products projected to drop by as much as 8 percent, according to the Chamber of Oil Marketing Companies (COMAC ). The anticipated decline is being driven by two major factors: a sharp appreciation of the Ghanaian cedi against...
Category: News
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ISA Assembly Opens in New Delhi as Africa Calls for Greater Clean Energy Investment
The 8th Session of the International Solar Alliance (ISA) Assembly has opened in New Delhi, India, bringing together global leaders to advance solar energy deployment and investment across member countries. Representing the continent, the ISA Vice President for Africa delivered the Africa regional report and underscored the urgent need to bridge the investment gap hindering...
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Oil discoveries lift Namibia’s investment appeal – RMB
Namibia has been ranked 17th in the RMB 2025/26 Where to Invest in Africa (WTIIA) report, reflecting improved investor sentiment and greater macroeconomic stability.The report highlights that Namibia scored strongly in economic stability, market accessibility, and innovation, placing it among the continent’s top 20 investment destinations. The publication attributes the country’s improved standing to recent...
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PIA review plan risks undoing petroleum reform gains
Just four years after Nigeria finally enacted the long-awaited Petroleum Industry Act (PIA) in 2021, the Federal Government is already proposing significant amendments. At the centre of this review is a controversial plan to transfer concessionaire powers, currently held by the Nigerian National Petroleum Company (NNPC) Limited, to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)....
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New Study: Plug-In Hybrid EVs Nearly As Dirty As Gas Vehicles
Electric vehicle skeptics often squawk that battery-electric vehicles like Teslas are nowhere nearly as friendly to the environment as their proponents claim. Well, the truth is a bit more nuanced. Whereas the initial manufacturing of EVs, particularly their batteries, does have a significantly higher carbon footprint than internal combustion engine (ICE) cars, many life cycle...
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Ghana Risks Losing Competitive Edge in Oil Sector – Dr Theo Acheampong Warns
Petroleum Economist and Political Risk Analyst, Dr Theo Acheampong, has cautioned that Ghana risks falling behind emerging African oil producers such as Namibia and Senegal if structural and governance challenges within the petroleum sector are not urgently addressed. Speaking during the NorvanReports Economic Governance Platform and Ghana Anti-Corruption Coalition (GACC) X Space Discussion on the...
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CBN pumps $1.25bn into fuel import, others.
The Central Bank of Nigeria has released a total sum of $1.259bn to oil sector players for the importation of petroleum products and other related items into the country, The PUNCH reports. The amount released between the first three months of 2025 is against the backdrop of the insistence of marketers to continue fuel import...
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Explorco Affirms September 2026 Drill Target for Voltaian Basin
Explorco, the exploration arm of the Ghana National Petroleum Corporation (GNPC), says it is firmly on track to commence drilling in the Voltaian Basin by September 2026, following steady progress on key project milestones and strong backing from local communities. Managing Director Samuel Opoku Arthur confirmed that critical preparatory work has been completed, with contract...
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SPE Africa Strengthens Regional Collaboration at ATCE 2025
The Society of Petroleum Engineers (SPE) Africa Region intensified efforts to strengthen professional development and energy innovation across the continent during a regional meeting held on October 21, 2025, at the George R. Brown Convention Center in Houston, USA. The engagement brought together more than 100 African regional officers on the sidelines of the Annual...
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CBOD CEO to Advocate Stronger Trade and Finance Systems at OTL 2025 Energy Week
The Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Dr. Patrick Ofori, is set to deliver key insights on Africa’s downstream energy transformation at the upcoming OTL 2025 Africa Downstream Energy Week in Lagos, Nigeria. Dr. Ofori will speak during the International Energy Trading, Finance & Investment Forum, where he is expected...