The Secretary-General of the African Continental Free Trade Area (AfCFTA), H.E. Wamkele Mene, has emphasized that Africa will need an estimated $100 billion to accelerate renewable energy development and expand electricity access across the continent. Speaking at the closing session of the 2025 Africa Oil Week (AOW) in Accra on Thursday, September 18, Mr. Mene...
Category: News
Post
Post
Global oil and gas fields shrinking output, IEA urges investment now
The average rate at which oil and gas fields’ output declines over time has significantly accelerated globally, largely due to higher reliance on shale and deep offshore resources, meaning that companies must work much harder than before just to maintain production at today’s levels, according to a new IEA report. The international conversation over the...
Post
Ranked: Nuclear Power Generation by Country
Key TakeawaysThe U.S. accounts for nearly 30% of global nuclear power generation.China is the second-largest producer, followed by France.Globally, nuclear power accounts for 10% of total electricity generation.Nuclear power remains one of the world’s largest sources of low-carbon electricity, providing reliable baseload energy for millions of people. In 2024, global nuclear power plants generated 2,818...
Post
Petrosol to leverage human capital to fuel 10-year growth plan
Oil marketing company Petrosol is leveraging its human capital to drive long-term growth in Ghana’s downstream petroleum sector as it implements a 10-year strategic plan to expand market share.The firm says investing in talent development and rewarding high-performing staff will remain central to its competitiveness in the industry.It follows Petrosol’s “A Decade of Excellence” Awards,...
Post
GOIL PLC Strengthens Emergency Preparedness with Fire Drill at Head Office
GOIL PLC conducted a comprehensive fire drill exercise this morning as part of its unwavering commitment to safety and emergency preparedness. The exercise, organized in collaboration with the Ghana National Fire Service and the Ambulance Service, tested evacuation procedures, firefighting skills, and emergency response measures – reaffirming the company’s dedication to safeguarding staff, customers, and...
Post
TotalEnergies secures four offshore exploration blocks in Liberia licensing round
TotalEnergies has signed four Production Sharing Contracts (PSC) for the LB-6, LB-11, LB-17 and LB-29 Exploration blocks offshore Liberia, which were awarded following the 2024 Direct Negotiation Licensing Round organized by the Liberia Petroleum Regulatory Agency.The blocks LB-6, LB-11, LB-17 and LB-29, covering an area of approximately 12,700 square kilometers, are located in the south...
Post
Government Engages Power Sector Stakeholders to Secure Stable Electricity Supply
The government has held a high-level meeting with key players in the power sector to review the current electricity situation and chart strategies for future stability. The meeting, convened this morning, at the instance of the minister of energy and green transition John Jinapor, was aimed at safeguarding consistent and reliable power supply for consumers...
Post
PIL marks historic naming ceremony of first LNG dual-fuel container cessel in Ghana
Pacific International Lines (PIL) held the naming ceremony of its latest 8,200 TEU LNG dual-fuel container vessel at the Port of Tema, marking a historic first for PIL in Ghana.The vessel, part of PIL’s new “O” Class series, was officially named Kota Odyssey by Vice President Naana Jane Opoku-Agyemang, who served as the Lady Sponsor.The...
Post
PURC Set to Roll Out New Utility Tariffs in January 2026
The Public Utilities Regulatory Commission (PURC) has announced that revised utility tariffs will take effect from January 2026, following ongoing stakeholder consultations and public hearings. According to PURC’s Executive Secretary, Dr. Shafic Suleman, the review seeks to strike a delicate balance between safeguarding consumers from excessive charges and ensuring that service providers remain financially sustainable....
Post
Ambassador TONG Defa Highlights China’s Pledge of 30 Clean Energy Projects in Africa
Speaking at the Ghana–China Climate Summit 2025, held at the AfCFTA Auditorium in Accraon September 16, the Chinese Ambassador to Ghana, H.E. TONG Defa, reaffirmed China’s strong commitment to Africa’s green development, highlighting Beijing’s pledge to deliver 30 clean energy projects across the continent as announced under the FOCAC 2024 Beijing Action Plan. The Summit,...