HOUSTON, July 18 (Reuters) – Chevron (CVX.N), opens new tab closed its $55 billion acquisition of Hess (HES.N), opens new tab on Friday after winning a landmark legal battle against larger rival Exxon Mobil (XOM.N), opens new tab to gain access to the largest oil discovery in decades.Chevron CEO Mike Wirth’s strategy to turn around...
Category: News
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Oil prices rise after new EU sanctions on Russia
LONDON, July 18 (Reuters) –Crude oil futures rose on Friday while gasoil futures jumped to a 17-month high as investors weighed new European Union sanctions against Russia.Brent crude futures climbed 68 cents, or 1%, to $70.20 a barrel by 1327 GMT. U.S. West Texas Intermediate crude futures gained 81 cents, or 1.2%, to $68.35.The Reuters...
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Preparations Advance for 9th Ghana Energy Awards as Awarding Panel ConvenesJuly 17, 2025
Preparations for the ninth edition of the Ghana Energy Awards are gaining momentum, with the Awards Secretariat and the Awarding Panel officially commencing deliberations ahead of the event. A key milestone in this year’s awards cycle took place on Tuesday, July 15, 2025, when the Awarding Panel held its inaugural meeting at the Secretariat’s Head...
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Ghana’s Energy Minister Pushes for Greater Efficiency and Investment During Visit to Ghana Gas
In a bid to strengthen Ghana’s domestic gas sector, Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, paid a working visit to the Ghana National Gas Company (GNGC) on July 16, 2025, as part of his ministry’s ongoing stakeholder engagement drive. The visit forms part of a broader government initiative aimed at aligning...
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Shell Global VP meets Namibian President on exploration plans
A delegation from oil major, Shell led by Eugene Okpere, Shell’s Executive Vice President for Exploration Strategy, Portfolio, Integrated Gas, and Upstream, has met with President Netumbo Nandi-Ndaitwah to discuss the company’s ongoing activities and future plans in Namibia’s oil exploration sector. During the meeting, the President expressed appreciation for Shell’s investment in Namibia and...
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Just 22% of Ghanaian Households Used Clean Fuels in 2022 – ISSER Report
A recent report by the Institute for Statistical, Social, and Economic Research (ISSER) reveals that only 22% of households in Ghana relied on clean fuels in 2022, despite the existence of national policies aimed at promoting cleaner energy alternatives. The report also highlighted stark disparities in clean fuel use based on wealth. While 18.5% of...
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We Are Not Selling ECG—We’re Just Involving the Private Sector, Jinapor Clarifies
The Minister for Energy and Green Transition, John Abdulai Jinapor, has clarified the government’s stance regarding the Electricity Company of Ghana (ECG), amid rising concerns from civil society organizations (CSOs) and the general public. Addressing the Government Accountability Series on Wednesday, July 16, 2025, Jinapor emphasized that cabinet has approved private sector participation in ECG’s...
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Energy Minister Applauds PHDC for Strong Investment Drive
The Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, has commended the leadership of the Petroleum Hub Development Corporation (PHDC) for their unwavering commitment to driving investment in Ghana’s energy sector. In a remark during the Ministry’s Accountability Series on Wednesday, July 16, 2025, Hon. Jinapor praised Dr. Toni Aubynn and his team...
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Fuel Prices Surge as July 2025 Second Pricing Window Opens
Motorists across Ghana are facing steep increases at the pump as the second fuel pricing window for July 2025 takes effect. The hike comes on the back of the implementation of a new GH¢1 energy sector levy, popularly referred to as the D-Levy—which came into force on Wednesday, July 16, 2025. A market survey conducted...
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Oil Markets Ignore Trump’s Russia Threats
Oil markets have largely ignored Trump’s threats to impose 100% secondary tariffs on any country that buys Russian exports, with prices dropping significantly on Tuesday morning. U.S. President Donald Trump’s threat to choke off Russia’s oil revenue via secondary sanctions would deal a hammer blow to Moscow’s finances, but markets are betting that the risk...