Star Oil has consolidated its position as the leader in Ghana’s Oil Marketing industry, according to new industry data for the first half of 2025. The report shows that the company recorded a 41.02% increase in product volumes, reaching 403.3 million litres, thereby overtaking GOIL PLC in market share.Its dominance was anchored in strong performances...
Category: News
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$2B California Solar Plant To Shut Down After A Decade For The Most Frustrating Reason.
For the last decade, drivers on Interstate 15 heading through the Mojave Desert between Los Angeles and Las Vegas have passed by the massive Ivanpah Solar Electric Generating System. Located just south of the California-Nevada state line, the Ivanpah plant has become a local landmark, and one that’s impossible to miss, with its trio of...
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Gold-for-Oil: All companies went through due diligence from BoG – Kwadwo Poku
Energy expert and New Patriotic Party’s communications team member Kojo Poku has defended the previous NPP government’s Gold-for-Oil programme, asserting that every company was screened and certified. In an interview aired on Joy News on October 4, 2025 Poku noted that all participants in the scheme went through rigorous screening from both the Bank of...
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GOIL Warns Public Against Fake Investment Adverts and Websites
The Ghana Oil Company Limited (GOIL) has issued a strong warning to the public over the circulation of fraudulent advertisements and fake websites falsely linked to the company. In a statement released by its Corporate Affairs Department, GOIL clarified that it has not launched any investment scheme or programme promising returns on shares or fuel...
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Italy’s Eni resumes drilling in offshore area northwest of Libya after five year hiatus
The North African branch of Italian energy company Eni(ENI.MI), opens new tab has resumed its exploration drilling in an offshore area northwest of Libya after a five-year hiatus, the Libyan state-run National Oil Corporation (NOC) said on Sunday.In 2024, Eni and British oil giant BP (BP.L), opens new tab have resumed exploration in Libya after...
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OPEC+ agrees modest oil output hike from November, sources say
OPEC+ will raise oil output from November by 137,000 barrels per day (bpd), the same fairly modest increase as in October, three people close to the matter said on Sunday. The group comprising the Organization of the Petroleum Exporting Countries plus Russia and some smaller producers has increased its oil output targets by more than...
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BP to seek partner for giant Bumerangue discovery – report
UK supermajor BP will seek a partner for its giant Bumerangue deepwater oil discovery offshore Brazil, Reuters reported, citing the company’s country head. BP Brazil president Andres Guevara told an event in Rio de Janeiro on Thursday that a search for a partner at Bumerangue — described by BP in August as its largest discovery...
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Global investors on high alert as Nigeria opens $400m crude export terminal
President Bola Tinubu will inaugurate the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers State on Wednesday, October 8, marking the first new crude export facility to be built in Nigeria in over half a century.It is the first indigenous crude export facility in Nigeria since the Forcados Terminal of 1971.The new terminal...
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AEW 2025: Zimbabwe Introduces 5-Pillar Energy Strategy Amid $9B Investment Drive
The country anticipates $9 billion in spending across its power sector, with $4.4 billion mobilized through private sector participation. CAPE TOWN, South Africa, October 4, 2025 – Zimbabwe has introduced a five-pillar strategy – the Zimbabwean National Energy Development Compact – aimed at advancing the development of the energy value chain. This comes as the...
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Update 318 – IAEA Director General Statement on Situation in Ukraine
The ZNPP has informed the IAEA team that planned maintenance activities on one pair of backup power transformers was stopped after the LOOP, and the transformers were returned to standby mode. Challenges related to off-site power were also in evidence at the Chornobyl site this week, where its New Safe Confinement (NSC) facility experienced a...