Aker BP has reported strong operational and financial performance in its latest quarterly results, underscoring stable production, disciplined cost management, and a breakthrough exploration success on the Norwegian Continental Shelf (NCS).Production averaged 414,000 boed, maintaining high uptime and efficiency across the company’s offshore portfolio. Supported by minimal unplanned downtime and robust field performance, Aker BP...
Category: News
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PTI Calls for Inauguration of Africa Energy Bank
The Nigerian Petroleum Training Institute (PTI) has recommended the formal inauguration of the Africa Energy Bank to boost energy access across the continent, stimulate economic growth, and reduce energy poverty. Speaking at the opening ceremony of the 4th Biennial International Conference on Hydrocarbon Science and Technology in Abuja, themed “Transforming Africa’s Hydrocarbon Sector: Balancing Growth,...
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PIAC Faces Funding Crisis After Major Cut Under Amended Petroleum Revenue Law
Ghana’s petroleum oversight body, the Public Interest and Accountability Committee (PIAC), says it is unable to fully perform its mandate after receiving just GH¢4.6 million of a requested GH¢20.5 million budget for 2025 a funding shortfall that has halted key monitoring and public engagement activities across the country. According to PIAC, only one of its...
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Ghana Channels All Oil Revenues into Infrastructure Under Amended Petroleum Law
Ghana has overhauled its petroleum revenue management system, directing all discretionary oil funds exclusively into infrastructure projects under sweeping amendments to the Petroleum Revenue Management Act (PRMA) signed by President John Dramani Mahama in April 2025. The changes mark a major policy shift in how the country deploys its petroleum wealth, with 100 percent of...
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$25B African megaproject begins — A cross-continental system to move a new form of energy.
A $25 billion African megaproject involving a cross-continental gas pipeline between Nigeria and Morocco has begun.This system can move energy over large distances and many nations. The world is watching intently as the potential is astronomical The project, backed by the ECOWAS regional bloc, the Nigerian National Petroleum Company, and Morocco’s ONHYM, aims to transport...
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Nigeria set to Demand Higher OPEC Quota – Petroleum Minister
Due to observed drop in oil theft, all things being equal and in view of rising crude oil production output in the country, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said that Nigeria will demand a higher oil production quota at the next meeting of the Organisation of Petroleum Exporting...
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Regulatory Weakness, Capped Stabilisation Fund Undermining Ghana’s Petroleum Revenue Management – PIAC
Chair of the Technical Sub-Committee of the Public Interest and Accountability Committee (PIAC), Richard Ellimah, has expressed deep concern over what he describes as regulatory and institutional weaknesses in Ghana’s petroleum revenue management framework. Speaking during the NorvanReports, Economic Governance Platform, and Ghana Anti-Corruption Coalition X Space discussion on the theme “Beyond Declining Barrels: Can...
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Energy Minister Reaffirms Government’s Commitment to Petroleum Hub Project
The Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, has reaffirmed government’s strong commitment to the successful implementation of Ghana’s flagship Petroleum Hub project. The Minister gave the assurance during a working visit to the Petroleum Hub Development Corporation, where he engaged management and staff on progress made toward realizing the project’s investment...
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Energy, Transport Ministries Deepen Collaboration to Drive 24-Hour Economy
Deputy Minister for Transport and Member of Parliament for Jomoro, Hon. Dorcas Affo-Toffey, has underscored the importance of stronger collaboration between the energy and transport sectors to accelerate national development and support government’s 24-hour economy initiative. This follows a courtesy visit by the Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, to her...
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9th Ghana Energy Awards: 10 Days to Close of Nominations, Over 300 Entries Received!
The countdown is on for the close of nominations in the 9th edition of the prestigious Ghana Energy Awards (GEA), with just ten days remaining before the window officially shuts on Friday, 31st October 2025. Nominations for this year’s event opened on Tuesday, 9th September 2025, inviting submissions from individuals, companies, and institutions across Ghana’s...