(Bloomberg) – India’s shift away from discounted Russian crude should be more than offset by gains from likely lower U.S. tariffs, Nomura Holdings Inc. said Friday.U.S. President Donald Trump has been repeatedly asking India to halt purchase of Russian oil, and economists Sonal Varma and Aurodeep Nandi say the shift could pave the way for...
Category: News
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PTDF Co-Hosts 4th International Conference on Hydrocarbon Science & Technology in Abuja
The Petroleum Technology Development Fund (PTDF) has successfully co-hosted the 4th Biennial International Conference on Hydrocarbon Science & Technology (ICHST 2025) at the PTDF Towers in Abuja, bringing together key players across Africa’s energy sector to discuss the future of hydrocarbon development on the continent. Held under the theme “Transforming Africa’s Hydrocarbon Sector: Balancing Growth,...
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Guyana among few countries in the world where investments in O&G exploration remain robust
While global oil and gas exploration has slowed dramatically over the past decade, Guyana stands as one of the few nations bucking the trend. According to Palzor Shenga, Vice President – Upstream Research at Rystad Energy, the South American country remains a leading light in an industry that has seen annual discoveries fall sharply worldwide.“Annual...
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StarOil Leads Corporate Support for GBC with Full TV Licence Payments for Employees
StarOil has demonstrated strong corporate support for public service broadcasting by paying the TV licence fees of all its 2,700 employees to the Ghana Broadcasting Corporation (GBC).The company says the initiative reflects its commitment to strengthening GBC’s mandate to promote national unity, cultural values, and socio-economic development through radio and television services.StarOil has further pledged...
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GNPC Holds 2nd Annual General Meeting, Reaffirms Commitment to Sustainable Growth and Operatorship
The Ghana National Petroleum Corporation (GNPC) has held its 2nd Annual General Meeting (AGM) in Accra, bringing together key stakeholders to review the Corporation’s performance, reaffirm its strategic focus, and chart a path for future growth. The meeting, chaired by Prof. Joseph Oteng-Adjei, Board Chairman of GNPC, was attended by representatives from the Ministry of...
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Energy Ministry, Electrical Contractors Discuss Reforms to Enhance Safety and Standards
The Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, has met with the leadership of the Ghana Electrical Contractors Association (GECA) to deliberate on challenges facing the electrical contracting industry and explore collaborative solutions to improve safety and compliance. During the meeting at the Ministry in Accra, GECA proposed that government adopt a...
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Aker BP strengthens offshore portfolio with Omega Alfa discovery, major project progress
Aker BP has reported strong operational and financial performance in its latest quarterly results, underscoring stable production, disciplined cost management, and a breakthrough exploration success on the Norwegian Continental Shelf (NCS).Production averaged 414,000 boed, maintaining high uptime and efficiency across the company’s offshore portfolio. Supported by minimal unplanned downtime and robust field performance, Aker BP...
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PTI Calls for Inauguration of Africa Energy Bank
The Nigerian Petroleum Training Institute (PTI) has recommended the formal inauguration of the Africa Energy Bank to boost energy access across the continent, stimulate economic growth, and reduce energy poverty. Speaking at the opening ceremony of the 4th Biennial International Conference on Hydrocarbon Science and Technology in Abuja, themed “Transforming Africa’s Hydrocarbon Sector: Balancing Growth,...
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PIAC Faces Funding Crisis After Major Cut Under Amended Petroleum Revenue Law
Ghana’s petroleum oversight body, the Public Interest and Accountability Committee (PIAC), says it is unable to fully perform its mandate after receiving just GH¢4.6 million of a requested GH¢20.5 million budget for 2025 a funding shortfall that has halted key monitoring and public engagement activities across the country. According to PIAC, only one of its...
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Ghana Channels All Oil Revenues into Infrastructure Under Amended Petroleum Law
Ghana has overhauled its petroleum revenue management system, directing all discretionary oil funds exclusively into infrastructure projects under sweeping amendments to the Petroleum Revenue Management Act (PRMA) signed by President John Dramani Mahama in April 2025. The changes mark a major policy shift in how the country deploys its petroleum wealth, with 100 percent of...