Nigeria, Ghana, and six other African countries have formally signed the African Petroleum Regulators Forum (AFRIPERF) Charter, marking a significant move toward harmonising oil and gas regulations across the continent. The signing took place on Thursday during the 31st Africa Oil Week in Accra, Ghana, under the chairmanship of the Chief Executive of the Nigerian...
Category: News
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Ghana: PURC Engages TUC in Nationwide Multi-Year Tariff Review
The Public Utilities Regulatory Commission (PURC) has begun nationwide public hearings on proposals submitted by utility companies under the 2025–2029 Multi-Year Tariff Review. As part of the process, the Commission met with the Trade Union Congress (TUC) to solicit feedback and discuss the impact of the proposals on workers and households. Executive Secretary of PURC,...
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We Need Ambitious Projects Like Petroleum Hub To Develop The Country – Dr Toni Aubynn
supply of raw materials for the refineries and petrochemical plants. Dr Aubynn concluded his remarks with a compelling call to both local and international investors to consider the petroleum hub as a prime investment opportunity, emphasising its potential to deliver substantial returns. Present with Dr Aubynn on the panel were the CEOs of the National...
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Exxon doubles down on oil, gas, and LNG through 2050
(Bloomberg) – ExxonMobil will pursue fossil fuel growth long into the future to meet demand it says will “not materially change” between now and 2050. The Texas oil major is not concerned with “chasing the narrative of the week” but will invest in oil and gas projects that it believes will be needed for decades...
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Africa Requires $100bn Renewable Energy Investment to Drive Green Industrial Growth – AfCFTA Secretary-General
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...
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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...
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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...
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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,...
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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...
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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...