Total consumption of petroleum products for the first half of 2025 has surged to 3.6 billion litres, marking a 17.65% increase compared to 3.07 billion litres recorded in the same period in 2024. This is according to the 2025 Petroleum Analysis Report seen by JoyBusiness, which presents a detailed examination of Ghana’s petroleum supply and...
Category: News
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The first half of 2025 also saw extraordinary percentage growth among new entrants scaling from low 2024 volumes —
Moari Oil (18,368.76%), Veros Petroleum (4,300.00%), Wabendso Energies (3,288.48%), and Life Energy (3,181.48%) emerged as standout gainers. LPG Market Performance In the LPG segment, Annandale retained the top position with 18.9% market share, despite a slight dip in volumes from the previous year.First Gas rose sharply to 16.3%, taking second place, while Manbah Gas held...
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Star Oil consolidates gains as market leader for half-year – New industry report
Star Oil has consolidated its position as the leader in Ghana’s Oil Marketing industry, according to new industry data for the first half of 2025. The report shows that the company recorded a 41.02% increase in product volumes, reaching 403.3 million litres, thereby overtaking GOIL PLC in market share.Its dominance was anchored in strong performances...
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$2B California Solar Plant To Shut Down After A Decade For The Most Frustrating Reason.
For the last decade, drivers on Interstate 15 heading through the Mojave Desert between Los Angeles and Las Vegas have passed by the massive Ivanpah Solar Electric Generating System. Located just south of the California-Nevada state line, the Ivanpah plant has become a local landmark, and one that’s impossible to miss, with its trio of...
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Gold-for-Oil: All companies went through due diligence from BoG – Kwadwo Poku
Energy expert and New Patriotic Party’s communications team member Kojo Poku has defended the previous NPP government’s Gold-for-Oil programme, asserting that every company was screened and certified. In an interview aired on Joy News on October 4, 2025 Poku noted that all participants in the scheme went through rigorous screening from both the Bank of...
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GOIL Warns Public Against Fake Investment Adverts and Websites
The Ghana Oil Company Limited (GOIL) has issued a strong warning to the public over the circulation of fraudulent advertisements and fake websites falsely linked to the company. In a statement released by its Corporate Affairs Department, GOIL clarified that it has not launched any investment scheme or programme promising returns on shares or fuel...
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Italy’s Eni resumes drilling in offshore area northwest of Libya after five year hiatus
The North African branch of Italian energy company Eni(ENI.MI), opens new tab has resumed its exploration drilling in an offshore area northwest of Libya after a five-year hiatus, the Libyan state-run National Oil Corporation (NOC) said on Sunday.In 2024, Eni and British oil giant BP (BP.L), opens new tab have resumed exploration in Libya after...
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OPEC+ agrees modest oil output hike from November, sources say
OPEC+ will raise oil output from November by 137,000 barrels per day (bpd), the same fairly modest increase as in October, three people close to the matter said on Sunday. The group comprising the Organization of the Petroleum Exporting Countries plus Russia and some smaller producers has increased its oil output targets by more than...
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BP to seek partner for giant Bumerangue discovery – report
UK supermajor BP will seek a partner for its giant Bumerangue deepwater oil discovery offshore Brazil, Reuters reported, citing the company’s country head. BP Brazil president Andres Guevara told an event in Rio de Janeiro on Thursday that a search for a partner at Bumerangue — described by BP in August as its largest discovery...
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Global investors on high alert as Nigeria opens $400m crude export terminal
President Bola Tinubu will inaugurate the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers State on Wednesday, October 8, marking the first new crude export facility to be built in Nigeria in over half a century.It is the first indigenous crude export facility in Nigeria since the Forcados Terminal of 1971.The new terminal...