The newly constituted Governing Board of the Petroleum Hub Development Corporation (PHDC) held its inaugural meeting on Thursday, December 11, 2025, pledging collaboration with the Corporation’s management to advance the objectives of the Corporation. The meeting, held at the PHDC head office in Accra, provided board members with an opportunity to commence it duties in...
Category: News
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Cybele Energy targets seismic studies, exploration after securing Guyana Oil Block
Cybele Energy Limited says its immediate focus following the award of a Petroleum Sharing Agreement (PSA) for an oil block in Guyana will be the assessment and interpretation of existing seismic data, as it prepares to advance exploration activities on the block.The company is set to commence work on its shallow-water offshore Block S7, marking...
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Ghana, Denmark Explore Deeper Energy Sector Collaboration to Advance Green Transition
The Minister for Energy and Green Transition, John Jinapor, has held talks with Denmark’s Ambassador to Ghana, H.E. Jakos Linulf, on strengthening cooperation between the two countries in the energy sector. The discussions focused on strategic areas of collaboration, particularly opportunities to draw on Denmark’s extensive expertise in renewable energy to support Ghana’s green transition...
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Ghana’s Oil Export Earnings Slide by More Than $1bn in 2025
Ghana recorded a sharp fall in oil export earnings in the first ten months of 2025, according to the latest data from the Bank of Ghana, underscoring mounting challenges in the country’s petroleum sector. By the end of October 2025, oil exports had declined to $2.2 billion, down from $3.3 billion over the same period...
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Russia Deploys All Eight Nuclear Icebreakers for First Time
Russia has, for the first time, deployed its entire fleet of eight nuclear-powered icebreakers simultaneously to maintain winter shipping lanes in the Gulf of Ob and the Yenisei Gulf, underscoring the strategic importance of Arctic energy exports. The unprecedented deployment is focused on ensuring the flow of oil, liquefied natural gas (LNG), and mineral cargoes...
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Delegation from ONEGO Consulting Firm Pays Courtesy Call on PHDC CEO
A high-level delegation from the Chinese investment consulting firm ONEGO paid a courtesy call on the Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr Toni Aubynn.The purpose of the visit was to familiarise themselves with the investment opportunities in Ghana’s Petroleum Hub project and to identify potential areas of collaboration with the...
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Ghana’s Oil and Gas Resources Remain Key Drivers of Economic Transformation – Dr. Yussif Sulemana
The Technical Advisor and Second Gas Processing Plant Focal Point at the Ministry of Energy and Green Transition, Dr. Yussif Sulemana, has underscored the critical role of Ghana’s oil and gas resources in driving economic growth and national transformation, describing the country as a safe and attractive destination for energy investment. Dr. Sulemana made these...
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Fuel prices set to reduce marginally at the pumps from today, Dec. 16
Prices of petroleum products are expected to decline marginally at the pumps from today, December 16.The projection is contained in the latest outlook report by the Chamber of Oil Marketing Companies (COMAC), which guides pricing decisions by oil marketing companies. Projected Reduction The price of petrol is expected to fall by between 1.64% and 3.89%,...
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Springfield Deal: CSOs Should Allow Government to Conduct Independent Valuation – Dr. Sulemana
The Technical Advisor and Second Gas Processing Plant Focal Point at the Ministry of Energy and Green Transition, Dr. Yussif Sulemana, has urged Civil Society Organisations (CSOs) to allow the government the space to undertake an independent and thorough valuation in its ongoing engagement with Springfield Exploration and Production Limited. His remarks come amid growing...
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IEA: Coal Outpaces Gas in OECD Power Mix as “Bridge Fuel” Falters
Electricity generation from solar sources saw a massive 23.5% jump year-on-year, contributing significantly to the 5.9% overall growth in renewables across OECD countries.Despite global phase-down pledges, coal-fired power generation demonstrated surprising resilience, increasing by 4.3% year-to-date across the OECD as a primary insurance policy against volatile energy supply.Climate-induced hydrological deficits caused a 4.0% slump in...