State-owned Kuwait Oil Co. made a “major” discovery in the Jazah natural gas field in the OPEC member’s offshore region. The initial exploration well recorded the highest production rate from a vertical well in the Minagish formation in Kuwait’s history,” KOC said in a statement on Oct. 13. The company has made similar announcements for...
Category: News
Post
Post
Guyana hits record three-quarter million barrels of oil per day
Total offshore production from Guyana’s Stabroek Block has hit over 700,000 barrels of oil per day, President of ExxonMobil Guyana Limited Alistair Routledge confirmed at a press briefing this morning. The start-up of the Yellowtail development is behind the spike. The project struck first oil on August 8. According to Routledge, Yellowtail production was “around...
Post
Guyana oil fund gets another US$133 million from oil sales in September
Guyana oil fund gets another US$133 million from oil sales in SeptemberGuyana received payments for two cargoes of crude oil in September 2025, totaling US$133 million (approximately GY$28 billion). The shipments, lifted from the Payara and Liza 1 projects, reflect the continued strength of the country’s oil production profile and the steady flow of revenue...
Post
Energy Minister Engages Power Sector Stakeholders on Long-Term Strategies to Ensure Stable Power Supply
The Minister for Energy and Green Transition, Hon. John Jinapor, has held a strategic engagement with key stakeholders in the power sector aimed at sustaining and ensuring consistent electricity supply across the country. The meeting focused on developing comprehensive strategies and actionable plans to guide the sector from now through to 2030, with emphasis on...
Post
BOST Energies Leadership Pays Courtesy Call on Ga Mantse to Strengthen Collaboration
The leadership of BOST Energies has paid a courtesy visit to His Royal Majesty King Tackie Teiko Tsuru II, the Ga Mantse and President of the Ga Traditional Council, as part of efforts to deepen relations between the company and the Ga State.The delegation, led by Managing Director Afetsi Awoonor and Deputy Managing Director Adjoa...
Post
GRA Foils Attempted Diesel Diversion, Saves State GH¢2.3 Million in Revenue
The Ghana Revenue Authority (GRA), working in collaboration with the National Security Authority, has uncovered and intercepted a fuel diversion syndicate attempting to illegally reroute diesel meant for export. According to the GRA, the operation which thwarted what could have been a GH¢2.3 million tax loss involved 10 trucks loaded with approximately 540,000 litres of...
Post
PIAC criticises $100m cap on Stabilisation Fund, calls for compliance
The Public Interest and Accountability Committee (PIAC) has expressed concern over the government’s continued breach of the legal capping formula for the Ghana Stabilisation Fund (GSF), warning that the move undermines Ghana’s ability to withstand future fiscal shocks. According to PIAC’s 2025 Half year report, the government maintained a US$100 million cap on the Fund...
Post
Ukraine and Russia’s intensifying energy war brings gas shortages and economic pain
Almost 900 miles from Ukraine’s borders, a fire erupted at a Russian oil refinery on Saturday. The blaze – a result of a strike by Ukrainian long-range drones, according to sources in the country’s security services – was the third at the facility in the last month alone. It was just the latest episode in...
Post
Wingfield Group CEO Named Among Africa’s 100 Most Impactful Energy Leaders
The Chief Executive Officer of Wingfield Group Joshua Narh has been named among the 100 Most Impactful People in Africa’s Energy Sector (2025 Edition) by the Africa Energy Awards, recognizing his outstanding contribution to advancing sustainable and transformative energy development across the continent. In a statement following the announcement, the Wingfield Group CEO Joshua Narh...
Post
StarOil Commissions First-Ever AI Smart Lab in Bleamezado
StarOil Ghana has commissioned an ultra-modern Artificial Intelligence (AI) Smart Lab at Kaledzi Memorial Basic School in Bleamezado, Volta Region, as part of its corporate social responsibility and ongoing commitment to promoting education through technology. The initiative, undertaken in partnership with the Coral Reef Innovation Hub, was officially launched on Monday, October 6, 2025, and...