Despite N2.15 trillion planned share sale in what bids fair to be Africa’s biggest share sale, Aliko Dangote’s beneficial ownership of Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) will stand at 84.34%, not the 65.8% suggested by his largest single shareholding vehicle. Nairametrics analysis of the company’s prospectus for the Initial Public Offering (IPO) dated...
Category: Oil and Gas
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Downstream Petroleum Industry Set for 2026 COMAC PETFUN Games
Ghana’s downstream petroleum industry is set to swap the boardroom for the playing field as companies across the sector converge at the Burma Camp Sports Complex for the 2026 Chamber of Oil Marketing Companies (COMAC) Petroleum FUN Games (PETFUN). The two-day sporting event is scheduled for September 11 and 12, 2026, with activities beginning at...
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Global oil prices hit $100 per barrel as Middle East conflict roils markets
New York — Global oil prices are back at $100 per barrel, rising to their highest levels since July as fighting in the Middle East raises concerns about prolonged disruptions to oil supply.Brent crude, the global oil benchmark, rose 2.3% early Wednesday to briefly trade at $100 per barrel for the first time since July,...
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Policy consistency needed to boost oil and gas sector – Deloitte Tax Partner
The Energy, Resources & Industrials Leader at Deloitte Ghana, Gideon Ayi-Owoo, has made a strong case for the government to ensure policy certainty within the energy sector.According to him, this will enable Ghana to attract long-term investment, support sustainable economic growth, and fully maximise its oil and gas potential. Addressing the media on the sidelines...
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Total Energies Targets Namibia Oil FID as Venus and Mopane Fields Advance
Namibia’s offshore oil sector increased sharply this year. TotalEnergies became operator of PEL 83, which contains the Mopane discovery, on September 4 following a transaction with Galp signed in December 2025 and approved by Namibia’s mines ministry in July. The post-transaction ownership of PEL 83 is 40% TotalEnergies, 40% Galp, 10% Namcor and 10% Custos,...
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OPEC+ keeps oil output policy unchanged for October
OPEC+ kept its oil output policy unchanged for October at a meeting on Sunday, it said in a statement, as the producer group needs to agree new quotas before deciding its next output steps. The meeting of seven core OPEC+ members — Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman comes as the Iran...
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Ghana’s Gas Shift Could Cut Power Costs by $500m
Ghana’s dependence on liquid fuels for thermal electricity generation could be costing the economy hundreds of millions of dollars that could potentially be avoided through greater use of natural gas, according to Technical Advisor to the Minister of Energy and Green Transition on Petroleum, Ing. Dr Sulemana Yussif. Dr Sulemana estimates that moving generation from...
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$3.5bn Investment Drive Set to Lift Ghana’s Oil Production – Energy Ministry Advisor
Ghana is expecting a rebound in crude oil production by the end of 2026, with about US$3.5 billion in fresh investment commitments being channelled into some of the country’s major producing fields. Technical Advisor to the Ministry of Energy and Green Transition, Dr Yussif Sulemana, says increased drilling and renewed investment by operators are already...
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Ghana Pitches Responsible Investment At AOW 2026
Ghana has used the opening of Africa Oil Week 2026 to reinforce its ambition to attract responsible investment into the petroleum sector while accelerating exploration and ensuring that the country captures greater economic value from its oil and gas resources. Addressing the opening ceremony on behalf of President John Dramani Mahama, Chief of Staff Julius...
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LPG Price Rise Tests Ghana’s Clean-Cooking Push
Ghana’s clean-cooking ambitions could face another affordability challenge as the Chamber of Petroleum Consumers (COPEC) projects a marginal increase in liquefied petroleum gas prices during the first pricing window of September 2026. COPEC expects LPG to sell at approximately GH¢14.19 per kilogramme from September 1, with a possible range of GH¢13.48 to GH¢14.90 depending on...