Even as global conversations increasingly focus on clean energy, oil continues to play a central role in Africa’s economic narrative, generating government revenue, employment, and strategic geopolitical influence. Libya currently holds Africa’s largest proven oil reserves at about 48.4 billion barrels, ranking ninth in the world, according to the Global Firepower report.Below are the African...
Category: Oil and Gas
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Egyptian Investor Group Targets Fibre Gas Cylinder Factory in Ghana
An investment consortium from Egypt, Chemexa Petrochemical Trading and Kaolin have initiated talks to establish a fibre (composite) gas cylinder manufacturing plant in Ghana, as part of a broader plan to invest in the Petroleum Hub Development Project. The proposed factory, which would produce next-generation LPG cylinders with a lifespan of up to 20 years,...
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GHEITI Urges Government to Ring-Fence Oil Revenues
GHEITI urges government to ring-fence oil revenues for Big Push infrastructure, warning that diversion and co-mingling of funds will undermine transparency, accountability, and the visible impact of petroleum-funded projects. The Multi-Stakeholder Group of the Ghana Extractive Industries Transparency Initiative (GHEITI) has urged the government to strictly ring-fence oil revenues earmarked for the proposed “Big Push”...
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Crude Oil Lifting Proceeds Fall to $198.2m in H2 2025
The Bank of Ghana has reported a sharp decline in petroleum lifting receipts in the second half of 2025, with inflows into the Petroleum Holding Fund (PHF) falling significantly compared to the same period a year earlier. In its semi-annual report on Ghana’s Petroleum Finds for H2 2025, the Central Bank said the PHF received...
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TOR, Ghana Gas Deepen Collaboration on Gas Infrastructure and Cleaner Refinery Operations
Ghana’s downstream petroleum recovery and gas monetisation efforts converged in Tema on 27 January when the Managing Director of the Tema Oil Refinery (TOR), Mr. Edmond Kombat, Esq., paid a strategic courtesy call on the Chief Executive Officer of Ghana Gas, Ms. Judith Adjobah Blay. The engagement sought to strengthen institutional collaboration between the two...
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From Farm-ins to First Oil: How Collaboration is Driving Namibia’s Upstream Development
As Namibia targets first oil production by 2029, collaboration has emerged as one of the defining forces shaping the country’s upstream trajectory. With deepwater exploration characterized by high capital intensity, complex geology and long development timelines, partnerships are no longer optional – they are essential. As the country advances towards first oil, platforms such as...
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Energy Minister Commissions Ghana’s First CNG Facility to Drive Clean Energy Transition
Policy & Impact Focus The Minister of Energy and Green Transition, Mr. John Jinapor, has joined Tetracore Gas Ghana Limited to commission Ghana’s first-ever Compressed Natural Gas (CNG) facility, marking a major milestone in the country’s energy transition.The commissioning of the facility represents a decisive step towards providing cleaner, more affordable, and reliable energy, while...
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Guyana produced 261.1 million barrels of crude in 2025 – Dr. Ashni SinghShikema Dey
An estimated 261.1 million barrels of oil were produced in 2025, according to figures presented during Guyana’s 2026 National Budget. Senior Minister within the Office of the President with responsibility for Finance, Dr. Ashni Singh, disclosed the production data as he outlined the performance of the oil and gas sector during a reading of the...
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GRIDCO Congratulates TOR on Resumption of Refinery Operations
The Board and Management of the Ghana Grid Company Limited (GRIDCO) on Wednesday, January 21, 2026, paid a courtesy visit to the management of the Tema Oil Refinery (TOR) in Tema. The visit was to officially congratulate TOR on the successful restoration of refinery operations following a prolonged shutdown, a development described as a significant...
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Trump Slashes Clean Energy Loans, Bets Big on Gas and Nuclear
The Trump Administration continues to revise, restructure, and cancel billions of U.S. dollars of Biden-era loans and funding commitments to clean energy projects as the United States shifted its policy to supporting fossil fuels and nuclear power as part of its energy dominance agenda. In the latest instalment of canceled or revised funding, the Department...