Ghana is in talks with Nigeria over a potential barter arrangement that would see electricity exported in exchange for gas, Energy and Green Transition Minister John Jinapor has disclosed. Speaking at the Future Energy Conference (FEC) organised by the Africa Centre for Energy Policy (ACEP), Mr. Jinapor said the initiative could enhance regional energy security...
Category: News
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Ghana Cuts $300m in IPP Debt After Tough Renegotiations
Ghana has secured a $300 million debt reduction after renegotiating payment terms with Independent Power Producers (IPPs), easing one of the biggest financial pressures on the country’s power sector. The deal trims outstanding obligations from $1.5 billion to $1.2 billion, according to Ben Boakye, Executive Director of the Africa Centre for Energy Policy (ACEP), who...
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PHDC Deepens Talks with Al Jedad Holdings on Petroleum Hub Project
The Petroleum Hub Development Corporation (PHDC) has advanced its engagement with Qatari investment firm Al Jedad Holdings and its Ghanaian partner, Fortune Investment, in a bid to fast-track participation in the multibillion-dollar Petroleum Hub project. The meeting, chaired by PHDC Deputy CEO of Finance and Administration, Halimatu Sadia Abdulai Abu, focused on strengthening earlier discussions...
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Dr. Wisdom Enang warns that recent Global oil price decline could undermine Nigeria’s fiscal plans
SAMPSON ENYONGEKERE, UYO A shrewd and globally revered energy expert, Engr. (Dr.) Wisdom Patrick Enang has identified industrialization as the most viable path to unlocking Nigeria’s economic potential. Dr. Enang proffered the opinion on Friday, August 15, while speaking with newsmen in Uyo, the Akwa Ibom State capital. While presenting his opening address, the erudite...
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Brazil’s Petrobras can return to Nigeria quickly, Nigerian president says
ABUJA, Aug 26 (Reuters) – Brazil’s state-run oil company Petrobras, which left Nigeria five years ago, should be able to return quickly, Nigerian President Bola Tinubu told a news conference with his Brazilian counterpart as part of a two-day visit to deepen ties.Petrobras began operations in Nigeria in 1998 in the deep waters off the...
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Egypt petroleum ministry says work underway in three new wells in Zohr gas field
Aug 26 (Reuters) – Work is underway at three new wells in the Zohr gas field in the Mediterranean in the current financial year, Egypt’s petroleum ministry said on Tuesday.Another well, the Zohr-6 well, has added about 65 million cubic feet per day of gas to Egypt’s output, the ministry added.Italian energy group Eni (ENI.MI),...
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Oil falls from almost three-week high driven by Russian supply risks
LONDON, Aug 26 (Reuters) – Oil prices lost more than 1% on Tuesday after surging nearly 2% in the previous session as traders monitor developments surrounding the war in Ukraine and potential disruption to Russian fuel supplies.Brent crude was down $1.08, or 1.57%, at $67.72 a barrel by 1040 GMT, having hit its highest since...
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Namibia–Botswana oil refinery project moves to feasibility stage
Feasibility studies are currently under way for a proposed joint oil refinery between Namibia and Botswana, with Walvis Bay and Ghanzi under consideration as possible sites, Namibia Mining & Energy can reveal. Although cost estimates of around US$4 billion have been mentioned, Deputy Head of the Upstream Unit, Carlo McLeod, says that no official budget...
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South Africa set to miss its energy target by a country mile
South Africa is far off course on multiple energy milestones, from keeping the lights on today to building the cleaner power system promised for 2030. A review of official targets and real-world delivery shows the country missing by a wide margin on electricity capacity, renewable buildout, and emissions goals even as Eskom rushes out new...
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The Electricity Company of Ghana (ECG) has commissioned a new 33 kV sub-transmission feeder to receive increased capacity from an upgraded 50/66 MVA transformer of the Ghana Grid Company Limited (GRIDCo).
This milestone, which saw the new feeder being energised on August 24, 2025, to serve Obuasi and its environs, follows months of supply challenges after a fire outbreak damaged GRIDCo’s transformer supplying the Obuasi Bulk Supply Point (BSP). This means the power supply was disrupted for thousands of homes and businesses in Obuasi in the...