Namibia is aiming to raise local content and carried participation in the oil and gas sector from 10 percent to 15 percent by 2030, as the country prepares to leverage its petroleum discoveries for national development. This was announced by Kornelia Shilunga, Special Advisor and Head of the Upstream Petroleum Unit, during her address at...
Category: Oil and Gas
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Galamsey Threatens Ghana’s Onshore Oil Prospects—GNPC Board Member Warns
Illegal mining activities commonly referred to as galamsey pose a significant threat to Ghana’s plans to develop onshore oil resources, according to Kwame Jantuah, a board member of the Ghana National Petroleum Corporation (GNPC). Speaking on TV3’s New Day programme on Friday, July 25, Mr. Jantuah cautioned that rampant galamsey operations in key exploration zones,...
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BoG Confirms GHS¢2.14bn Loss from Discontinued Gold for Oil Programme
The Bank of Ghana (BoG) has revealed it incurred a total loss of GHS¢2.14 billion under the now-defunct Gold for Oil (G4O) programme, which aimed to stabilise domestic fuel prices and reduce pressure on foreign exchange reserves. This disclosure was contained in an official response to a Right to Information (RTI) request submitted by energy...
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Oil giant BP backs out of Australia Renewable Energy Hub in WA’s Pilbara
Global oil giant BP has backed out of its majority share in a $55 billion green energy hub in Western Australia’s Pilbara region, dealing Australia’s clean energy transition another major blow. The Australia Renewable Energy Hub (AREH), 1,860 kilometres north-east of Perth, is tipped to deliver 26 gigawatts of solar and wind power by 2029,...
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GNPC Engages UCC Students, Urges Shift from Certificates to Competence at Career Fair
The Ghana National Petroleum Corporation (GNPC) has reaffirmed its dedication to nurturing Ghana’s future workforce by taking part in the 2025 Career and Skills Fair hosted at the University of Cape Coast (UCC). The event, organised by TEDxUniversityofCapeCoast in collaboration with UCC, was themed “Skills and Experience: Your Valuable Asset” and served as a vibrant...
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Hardship hits marketers as P’Harcourt refinery shutdown lingers.
Port Harcourt refinery bulk petroleum retailers have called on President Bola Tinubu to urgently release funds needed for the completion of repair works at the old Port Harcourt refinery, which has remained shut beyond its scheduled reopening date. Dealers decried the economic hardship they currently face as a result of the prolonged shutdown of the...
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Rockway Oilfields Services Earns Triple ISO Certification, Underscoring Commitment to Quality, Safety, and Sustainability
Rockway Oilfields Services Ghana Limited, a wholly indigenous Ghanaian company, has achieved a major milestone with the official award of three internationally recognized ISO certifications — ISO 9001:2015 (Quality Management), ISO 45001:2018 (Occupational Health & Safety), and ISO 14001:2015 (Environmental Management). The certifications were issued by the UK-based Accreditation Service for Certifying Bodies (ASCB) Worldwide,...
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Does the Oil and Gas Industry Need $18 Trillion for Investment to Keep Prices Down?
In the ever-evolving landscape of global energy, few questions spark as much debate as the future of oil and gas demand. With OPEC projecting a staggering $18.2 trillion in new investments needed by 2050 to ensure sufficient supply, the industry finds itself at a crossroads. This figure, outlined in OPEC’s 2025 World Oil Outlook, aims...
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Tenaris secures key contracts for Suriname’s first offshore oil project
TotalEnergies has awarded Tenaris a contract to supply casing, tubing, and Rig Direct® services for the GranMorgu project, Suriname’s first major offshore oil development. Tenaris said it will supply around 47,000 tons of casing and tubing featuring TenarisHydril Blue® and Wedge™ Series connections. The supply includes 13 Chrome steel grades and Dopeless® technology, which enhances...
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New Board Inaugurated to Revive Tema Oil Refinery
In a renewed push to revamp Ghana’s premier oil refinery, the Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, has inaugurated a reconstituted Board of Directors for the Tema Oil Refinery (TOR), acting on behalf of President John Dramani Mahama. The inauguration signals a strategic move by the government to breathe new life...