China has once again reinforced its commitment to halting the financing of coal power projects beyond its borders, as part of its global climate pledge. This reaffirmation came during a high-level engagement with participants of the ongoing Ghana-China Media Fellowship 2025 in Accra. Addressing the fellows at the Africa-China Centre for Policy and Advisory (ACCPA)...
Category: News
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US sanctions force vessels with Russian oil to divert from India, sources say
NEW DELHI/MOSCOW, Aug 1 (Reuters) – At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed.The U.S. Treasury Department this week imposed sanctions on more than 115 Iran-linked individuals, entities, and ships, some of which...
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Star Oil Announces Revised Fuel Prices Effective August 2, 2025
Star Oil has announced new pump prices for its petroleum products, effective 8:00 AM on Saturday August 2, 2025 The latest pricing sees a drop in the cost of Super and Diesel, bringing some relief to motorists amid ongoing economic pressures. According to the company: Star Oil says the revision is in line with its...
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Dangote Group has named David Bird, former CEO of Oman’s Duqm refinery, as the new chief executive of its petroleum and petrochemicals division
Dangote Group has named David Bird, former CEO of Oman’s Duqm refinery, as the new chief executive of its petroleum and petrochemicals division in a bid to address operational challenges and drive its next growth phase.Bird officially assumed his role in July 2025, taking charge of Dangote’s fuels and petrochemicals business, which launched the world’s...
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Exxon, Chevron profits to drop to lowest point since pandemic, analysts say
(Reuters) -Top U.S. oil producers Exxon Mobil and Chevron are expected to report their lowest earnings in four years when they release second-quarter results on Friday, as weaker oil and gas prices slashed revenue. The April-June quarter covered a volatile period in which the OPEC+ group of producers continued raising their production volumes, putting pressure...
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Solar Emerges as Vital Solution to South Africa’s Power Cuts
South Africa is aggressively turning to solar power to combat its long-standing energy crisis. From large-scale projects to rooftop panels on homes and businesses, the country is embracing solar as a critical tool to address power cuts that have plagued the nation for over a decade. Since early 2024, a massive surge in private solar...
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Tamale Faces Power Supply Risk as VRA/NEDCo Staff Withdraw Services Over Assaults
Tamale and nearby communities may soon experience disruptions in electricity supply following a service withdrawal by staff of the Volta River Authority (VRA) and the Northern Electricity Distribution Company (NEDCo), the Ministry of Energy and Green Transition has announced. The decision to halt services was taken after an emergency meeting on Thursday, July 31, 2025,...
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Ghana Secures $1 Billion for Climate Financing to Boost Green Transition Projects
Ghana has secured a significant $1 billion package to support climate financing initiatives aimed at accelerating the country’s clean energy transition, Energy Minister John Abdulai Jinapor has announced. Speaking through a representative at a climate and energy forum hosted by the University of Energy and Natural Resources (UENR) in Sunyani, the Minister revealed that the...
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GOIL Maintains Fuel Prices for First Pricing Window of August 2025
Accra — August 1, 2025 GOIL PLC has announced that it will maintain existing pump prices for its range of fuel products in the first pricing window of August 2025, offering relief to motorists amid fluctuating global oil market trends. In a public notice issued to consumers, the company confirmed that there will be no...
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GOIL Sees Q2 Profits Slump by Over 50% Despite Revenue Growth in Tough Market
Accra — August 1, 2025 GOIL PLC, Ghana’s leading indigenous oil marketing company, has reported a sharp decline in profits for the second quarter of 2025, even as revenues ticked upward a sign of persistent cost pressures and tight margins plaguing the downstream petroleum sector. Unaudited financial results for the period ending June 30, 2025,...