(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...
Category: News
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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...
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Ghana Hosts Seventh International Solar Alliance Africa Regional Meeting in Accra
Accra, Ghana – The Seventh Meeting of the International Solar Alliance (ISA) Regional Committee for the Africa Region has taken place in Accra, bringing together representatives from more than 70 countries and institutions to discuss Africa’s solar energy future. The conference, organized by ISA in collaboration with Ghana’s Ministry of Energy and Green Transition, focused...
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Oil prices dip amid concerns on upcoming OPEC+ decision
Oil declined on concerns that OPEC+ will once again bolster supply at a meeting on Sunday, compounding fears of higher volumes later in the year.West Texas Intermediate futures fell about 1% to trade near $63 a barrel, extending an earlier decline after softer-than-expected U.S. jobs data added to concerns demand may wane. Prices slumped Wednesday...
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Equatorial Guinea to launch 2026 upstream licensing round
Equatorial Guinea will launch its highly anticipated EG Ronda 2026 licensing round at this year’s African Energy Week (AEW) later this month. The licensing round forms part of the country’s broader strategy to revitalize its upstream sector, attract new investment and unlock exploration and production opportunities offshore.In preparation for EG Ronda 2026, the Ministry of...