Petrodec’s newly constructed heavy lift jackup vessel, named “Obana,” has begun decommissioning work in the Southern North Sea for Perenco UK (PUK)’s Galahad platform. Obana is initially being deployed on Block 48/12a working on the Galahad platform, where the program includes topside and jacket removal. After Galahad, Obana will move to the Amethyst field for...
Category: News
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CEMSE proposes removal of BOST margin to ease fuel cost burden
The Centre for Environmental Management and Sustainable Energy (CEMSE) has renewed calls for the government to scrap the BOST margin, arguing that it has become an unnecessary burden on consumers and businesses in Ghana. The levy, introduced to support the Bulk Oil Storage and Transportation Company (BOST) in maintaining storage and distribution infrastructure, has quadrupled...
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Ghanaians Face Higher Bills as ECG Seeks 225% Tariff Hike
The Electricity Company of Ghana (ECG) is seeking approval from the Public Utilities Regulatory Commission (PURC) for a 225% increase in its Distribution Service Charge (DSC1), a move it says is critical to avert financial collapse and sustain reliable power supply. If approved, the charge will rise from GHp19.0384/kWh to GHp61.8028/kWh for the 2025–2029 tariff...
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India will keep buying Russian oil despite Trump demands
(Bloomberg) — India’s Finance Minister Nirmala Sitharaman said the country will continue buying Russian oil, signaling its intent to defy U.S. President Donald Trump’s persistent demands to halt the purchases. Where we buy our oil from, especially a big-ticket foreign exchange item where we pay so much, highest in terms of import, we will have...
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Russia-China Gas Deal May Seal New Gas World Order
The signing of the Power of Siberia 2 pipeline deal by the presidents of Russia and China was perhaps the biggest news to come out of the two leaders’ meeting earlier this month. It was also the deal that may very well make the new global natural gas flow order permanent, potentially interfering with President...
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World Nuclear Fuel Report 2025: Investment in nuclear fuel cycle needed as demand for nuclear power grows
At World Nuclear Symposium 50, the latest edition of World Nuclear Fuel Report: Global Scenarios for Demand and Supply Availability 2025-2040 was published.The report maintains the upward trend in nuclear generating capacity projections from the previous editions, as the positive momentum for nuclear power continues to grow. In addition to climate change mitigation and supporting...
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Tullow Oil Appoints Ian Perks as New CEO, Strengthens Commitment to African Operations
Tullow Oil has announced the appointment of Ian Perks as its new Chief Executive Officer, underscoring the company’s renewed focus on its African portfolio. Perks, who succeeds Rahul Dhir, assumes leadership at a pivotal time as Tullow seeks to consolidate its position as a leading independent energy producer in Africa. His appointment is expected to...
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The Petroleum Hub Development Corporation (PHDC) on Thursday, September 4, 2025, successfully hosted its Investor Breakfast Meeting in Kuala Lumpur, Malaysia, marking another milestone in its investment promotion efforts.
The meeting, held under the Let’s Go to Asia initiative, brought together business leaders and investors from across Asia, Africa, and beyond to explore the vast opportunities within Ghana’s Petroleum Hub project. In his opening address, Acting Chief Executive Officer of the PHDC, Dr. Toni Aubynn, emphasized the event’s role in building stronger partnerships with...
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Africa Prosperity Network Congratulates Guyana’s President Irfaan Ali on Re-election
The Africa Prosperity Network (APN) has extended warm congratulations to President Irfaan Ali following his re-election as President of the Cooperative Republic of Guyana. In a statement issued by APN’s Executive Chairman, Gabby Asare Otchere-Darko, the organization commended President Ali for his resounding electoral victory, describing it as a clear affirmation of his One Guyana...
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Star Oil Responds to Allegations of Fuel Shortchange at Anyinase Station
Star Oil has issued a statement addressing allegations made in a viral Facebook video by a user identified as “Goshers.” The individual claimed he was short-changed after purchasing fuel at the company’s station in Anyinase, near Elubo. According to Star Oil, a thorough internal investigation was conducted, which included reviewing CCTV footage and performing a...