Bloomberg) — The Trump administration is withholding approval for several Western oil majors seeking to operate in Venezuela, ramping up pressure on Nicolás Maduro’s government even as Chevron Corp. is allowed to work there, according to people familiar with the matter.The pause is focused on non-U.S. firms, leaving companies including Spain’s Repsol SA, Italy’s Eni...
Category: News
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Tema Port Gears Up for 24-Hour Petroleum Operations Under NPA-GPHA Collaboration
Ghana’s ambition to roll out a 24-Hour Economy in strategic sectors is gaining momentum, with the Port of Tema set to become the first petroleum hub to operate around the clock. The Ghana Ports and Harbours Authority (GPHA) and the National Petroleum Authority (NPA) are spearheading preparations to transform the oil jetty into a 24/7...
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Aker BP makes ‘significant’ oil discovery in Norwegian North Sea
Aker BP has completed its Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area. The recoverable volume is estimated at 96-134 million barrels of oil equivalent (MMboe).Omega Alfa is among the largest commercial discoveries in Norway in a decade. Building...
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COMAC and Tamale Technical University Forge Partnership to Advance Petroleum Marketing Education
The Chamber of Oil Marketing Companies (COMAC) has initiated a landmark partnership with Tamale Technical University (TaTU) aimed at strengthening petroleum marketing education and developing the next generation of professionals for Ghana’s downstream energy sector. A high-level COMAC delegation, led by its Chief Executive Officer Dr. Riverson Oppong, and accompanied by the Chamber’s Head of...
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Ghana’s Pivotal Role in Africa’s Green Energy Future
Africa is entering a decisive phase in its energy transformation, and Ghana is well-positioned to lead the charge. As demand for electricity grows alongside climate imperatives, the country faces the dual challenge of maximizing oil and gas resources while fast-tracking renewables and preparing for nuclear power all underpinned by stronger climate governance. Ghana’s Energy Mix:...
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PHDC Launches Second “Let’s Go to Asia” Initiative in Japan
The Petroleum Hub Development Corporation (PHDC) has kicked off the second edition of its flagship “Let’s Go to Asia” initiative in Japan, coinciding with the Ninth Tokyo International Conference on African Development (TICAD-9). The programme is designed to deepen Ghana-Japan cooperation by connecting Ghanaian businesses with Japanese public and private sector institutions. It provides a...
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GOIL PLC Board Embarks on Onboarding and Familiarization Tour
The Board of Directors of GOIL PLC has begun an onboarding and familiarization programme with visits to key operational sites in Accra. Their first stop was the nearly completed new Head Office complex at Dzorwulu, which features green and sustainable systems such as solar panels, rainwater harvesting, and multiple power and water supply sources. Board...
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Energy Minister Assesses Atuabo Gas Plant Maintenance, Announces New Processing Facility
The Minister of Energy and Green Transition, Hon. John Abdulai Jinapor, has inspected ongoing shutdown maintenance works at the Atuabo Gas Processing Plant in the Western Region, expressing confidence in the progress made so far. The plant, a key pillar of Ghana’s energy infrastructure, is undergoing scheduled maintenance to boost efficiency, reliability, and processing capacity....
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Energy Minister Swears in New Board of GNPC’s Explorco
The Minister for Energy and Green Transition, Hon. John Abdulai Jinapor (MP), has inaugurated the new board of directors for GNPC Exploration and Production Company Limited (Explorco). Speaking at the ceremony, the Minister underscored the strategic role of Explorco in Ghana’s upstream petroleum sector. He tasked the new board to step up exploration activities with...
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South Korea seeks to revise nuclear energy pact with US, eyeing enrichment and reprocessing
Diplomatic sources said that discussions are underway on nuclear energy cooperation between the two countries, and that it may be discussed at next week’s summit. could resolve the issues it faces by actively participating in the US’ efforts and supporting its attempts to revitalize its nuclear energy industry,” Jun said. Given that the agreement is...