Tullow Oil has sharply upgraded its 2026 free cash flow guidance to between US$170 million and US$250 million, supported by stronger-than-expected production from its Ghana operations, higher realised oil prices and progress in recovering receivables owed by the Government of Ghana. The London- and Ghana-listed producer said operational performance during the first half was driven...
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Jinapor Leads TOR Revival Drive, Unveils Plan to Expand Refinery to 100,000bpd
Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has reaffirmed government’s commitment to restoring the Tema Oil Refinery (TOR) as a strategic pillar of Ghana’s energy security and industrial transformation. Dr Jinapor joined President John Dramani Mahama and other stakeholders on Saturday for the official commissioning of the refurbished Crude Distillation Unit (CDU)...
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30% transport fare hike reflects failure of state policy – Benjamin Nsiah
Energy expert Benjamin Nsiah has criticised Ghana’s transport pricing system, describing the possible 30% increase in fares proposed by transport operators as a sign of deeper policy failures.The Ghana Private Road Transport Union (GPRTU) has warned that fares could rise by 30% due to increasing fuel prices and operational costs. However, Nsiah said transport fare...
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Fuel prices set for sharp drop from July 1 as petrol, diesel and LPG get cheaper
Fuel prices are expected to fall significantly from Wednesday, July 1, as global crude oil prices decline and the cedi records a marginal gain against the US dollar.The Chamber of Petroleum Consumers (COPEC) says the combined effect of falling crude prices and currency movements will translate into lower pump prices for petrol, diesel, and LPG...
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Africa’s Clean Energy Bias ‘Catches’ Global Attention
United Nations Secretary-General, António Guterres has cast a glaring spotlight on the massive imbalance in international climate finance by criticizing the global community’s failure to invest adequately in Africa’s green transition despite its unparalleled renewable capacity.This sharp critique highlights a persistent institutional bias where capital flows continue to favor developed markets over the regions where...
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ENERGY TRANSITION WILL NOT UNDERMINE GHANA’S PETROLEUM HUB – PHDC CEO
The Chief Executive Officer of the Petroleum Hub Development Corporation, Dr. Toni Aubynn, has dismissed concerns that the global shift toward renewable energy could undermine the relevance of Ghana’s planned Petroleum Hub.Speaking exclusively to EnergyCrossroad.com on the sidelines of a public lecture at the China Europe International Business School in Accra, Dr. Aubynn said the...
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Ghana charts path to sustainable energy security with hybrid nuclear-renewable plan
In a significant move toward securing reliable and clean electricity, key national stakeholders convened in Accra to advance plans for integrating Small Modular Reactors (SMRs) with renewable energy sources. The high-level workshop marked a pivotal step in translating Ghana’s nuclear energy ambitions into a concrete strategy for a resilient electricity generation mix. Held at the...
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Government Engages TUC, Utility Stakeholders on Private Sector Participation in Power Distribution
The Minister for Energy and Green Transition, John Jinapor, has held a high-level engagement with the Trades Union Congress (TUC), the Public Utilities Workers’ Union (PUWU), the Northern Electricity Distribution Company (NEDCo), and representatives of other utility institutions to discuss private sector participation in the operations of the Electricity Company of Ghana (ECG) and NEDCo....
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DR. WISDOM ENANG CAUTIONS THAT VENEZUELA’S CRISIS COULD SIGNIFICANTLY UNDERMINE NIGERIA’S ₦58 TRILLION 2026 BUDGET
An Adjunct Professor of the North Dakota University, USA, and a globally respected oil and gas consultant, Engr. (Dr.) Wisdom Patrick Enang, has warned that unfolding geopolitical developments in Venezuela could materially undermine Nigeria’s ₦58.18 trillion 2026 Federal Government budget by exerting sustained downward pressure on global crude oil prices. Dr. Enang made this known...
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GOIL PLC posts impressive share price gains on GSE in 2025
GOIL PLC recorded an impressive performance on the Ghana Stock Exchange (GSE) in the 2025 financial year, reflecting renewed investor confidence and growing optimism about the Company’s future direction. The year 2025 proved to be a standout period for the Ghanaian equities market, with the GSE posting one of its strongest rallies in recent years....