Angola inaugurated on Thursday its first plant to process non-associated natural gas as the African oil producer looks to develop a standalone gas industry, too. The plant, worth $4 billion, was inaugurated by Angola’s President João Lourenço in the presence of Minerals and Petroleum Minister Diamantino Azevedo. The gas processing facility was built in the...
Category: Oil and Gas
Post
Post
PHDC and GNPC Promise Strong Collaboration to Unlock Ghana’s Oil & Gas Potential
As part of efforts to strengthen ties with sister agencies in the oil and gas sector, the Petroleum Hub Development Corporation (PHDC) held a strategic meeting with the Ghana National Petroleum Corporation (GNPC) on Wednesday, November 26, 2025.The meeting, which was graced by the Chief Executive Officer of PHDC, Dr Toni Aubynn, and his counterpart...
Post
ASEC Warns of Looming Fiscal Crisis as It Urges Immediate Action to Reverse Ghana’s Crude Oil Production Decline
The Africa Sustainable Energy Centre (ASEC) has raised alarm over Ghana’s rapidly declining crude oil production, cautioning that the sharp fall in petroleum revenues poses a significant threat to national fiscal stability and energy security. In a statement issued on Monday, ASEC revealed that petroleum revenue dropped by 56% in the first half of 2025,...
Post
Dangote Contracts Honeywell International for Major Refinery Capacity Upgrade to 1.4 million barrels per day
Dangote Group is pleased to announce that it has entered a strategic partnership with Honeywell International Inc to support the next phase of expansion of the Dangote Petroleum Refinery. This collaboration will provide advanced technology and services that will enable the refinery to increase its processing capacity to 1.4 million barrels per day by 2028,...
Post
GNPC to begin onshore drilling in 2026, but CSOs question readiness
The country’s push to revive its dwindling oil fortunes is taking centre stage again as the state prepares to drill its first onshore exploration well in the Voltaian Basin during October 2026 – a move civil society groups say still lacks the clarity and technical assurance needed for such a major undertaking. The announcement, delivered...
Post
Gabonese oil billionaire Samuel Dossou-Aworet-backed Tullow extends Ghana licenses
Tullow Oil Plc, the London-listed explorer in which Gabonese-Beninese businessman Samuel Dossou-Aworet owns a major stake, has secured a long-term extension for its Jubilee and TEN field licenses in Ghana. The approvals run through 2040 and come alongside a new gas sales agreement that sets pricing for the remainder of the license period. The company...
Post
AOMC to COMAC: Rebrand Sparks New Era of Leadership, Innovation and Industry Impact
The Chamber of Oil Marketing Companies (COMAC), formerly the Association of Oil Marketing Companies (AOMC), was established in 2003 as the umbrella body for petroleum marketing operators in Ghana. Representing Oil Marketing Companies (OMCs) and Liquefied Petroleum Gas Marketing Companies (LPGMCs), COMAC serves as the collective voice of the downstream petroleum industry, advocating for policies...
Post
“Buying Our Own Block Makes No Sense”, Says ACEP; Warns Gov’t Against Risky Afina Takeover Citing Non-Commercial Data and High Fiscal Exposure
Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has cautioned that government’s plan to assume Springfield Exploration & Production’s interest in the West Cape Three Points Block 2 (WCTP2) — the Afina discovery — represents an “illogical and fiscally dangerous” move given the absence of commercially viable data and Ghana’s limited...
Post
Why the IEA Now Thinks Oil Demand Will Keep Rising Until 2050
The International Energy Agency (IEA) predicted in 2023 that the global peak in oil demand would likely take place by 2030, as governments worldwide introduced plans for a green transition and fossil fuel companies began to diversify their portfolios to include renewable alternatives. However, this month, the IEA has backtracked on this prediction, stating that...
Post
ACEP Clarifies Stance on Government’s Planned Acquisition of Springfield Oil Block
The Africa Centre for Energy Policy (ACEP) has outlined its position on the government’s intention to acquire Springfield Exploration and Production’s interest in the West Cape Three Points Block 2, emphasising that its concerns centre on governance and legality rather than local content support. In a detailed statement, Executive Director Benjamin Boakye said ACEP has...