The Institute for Economic Research, Policy, and Practice (IERPP) is demanding that Parliament summon the Minister of Finance and the Governor of the Bank of Ghana to clarify conflicting accounts regarding the country’s Gold-for-Oil (G4O) programme. In a statement issued on Tuesday, August 12, 2025, the think tank expressed “grave concern” over what it described...
Category: Oil and Gas
Post
Post
Exxon signs deal to explore Trinidad deepwater blocks, could see $21.7B investment
Exxon Mobil said Tuesday it signed a deal to explore a vast deepwater area offshore Trinidad and Tobago for oil and gas, and the country’s energy minister said the company could spend as much as $21.7B if it finds sufficient reserves. The search will take place off Trinidad’s east coast in a region that spans...
Post
Nigeria generates N5.21tn from oil sales in H1
The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, raked in N5.21tn from the sale of crude oil, gas and other economic activities in the first six months of 2025. It said the revenue inflow represents 42.7 per cent of the record N12.2tn it generated in the entire 2024 fiscal year. The figure, however,...
Post
Cooking gas prices hit Nigerians hard for fifth straight month
For the fifth month in a row, Nigerian households are feeling the heat, literally and financially, as cooking gas prices climb yet again, leaving many struggling to afford what has become a basic necessity in daily life. “I used to refill my 12.5kg cylinder for about N15,000 last year. Now, it’s over N21,000,” sighed 38-year-old...
Post
Marketers engage Dangote Refinery ahead August 15 direct supply rollout
Marketers across Nigeria are intensifying engagement efforts with the refinery’s management to secure reliable and cost-effective fuel supplies as Dangote Petroleum Refinery prepares to commence the direct distribution of petrol to the domestic market on August 15. The engagement, according to industry sources, is aimed at securing direct access to refined petrol at stable and...
Post
Israel’s Leviathan partners seal $35-billion gas export deal with Egypt.
Middle EastLeviathan partners seal $35-billion gas export deal with Egypt$2.4-billion expansion project calls for new offshore gas transmission pipeline.Related To:NewMed EnergyAug. 11, 20252 min readCourtesy NewMed Energy$2.4-billion expansion project calls for new transmission pipeline. The partners in Israel’s Leviathan offshore gas field have signed the largest export agreement in the country’s history, worth up to...
Post
India buys Nigerian crude as Dangote imports US oil 11th August 2025
Reports say refineries in India are buying Nigerian crude while the country’s Dangote Petroleum Refinery is largely running on American oil. In a twist that underscores the complexities of global oil trade, India’s state refiners are snapping up Nigerian crude oil while Africa’s largest refinery, located in Nigeria, is increasingly importing crude from the United...
Post
Atuabo Gas Plant to Shut Down for Maintenance August 16–30
The Ministry of Energy and Green Transition has given the green light for the Ghana National Gas Company Ltd. (Ghana Gas) to carry out a scheduled maintenance shutdown at the Atuabo Gas Processing Plant from August 16 to 30, 2025. The two-week exercise will involve critical inspections, repairs, and system upgrades aimed at improving the...
Post
Non-oil exports boom, hit $3.2bn in six months11th August 2025.
Nigeria’s non-oil exports soared to $3.225bn in the first half of 2025, marking yet another milestone in the sector’s growth, the Nigerian Export Promotion Council announced on Sunday. This figure represents a 19.59 per cent increase over the $2.696bn recorded in the same period of 2024. The Executive Director/Chief Executive Officer of the NEPC, Nonye...
Post
Israel’s Leviathan signs $35 billion natural gas supply deal with Egypt
LONDON/JERUSALEM, Aug 7 (Reuters) – Israel’s Leviathan natural gas field has signed the largest export agreement in the country’s history, worth up to $35 billion to supply gas to Egypt, NewMed , one of the partners in the field, said on Thursday.The deal should ease an energy crisis in Egypt, which has spent billions of...