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...
Category: Oil and Gas
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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...
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Libya signs 25-year oil deal with Total Energies and Conoco Phillips
Libya signed a 25-year oil development agreement on Saturday with France’s TotalEnergies and U.S.-based ConocoPhillips, involving more than $20 billion in foreign-financed investment, Prime Minister Abdulhamid al-Dbeibah said.Signed through Waha Oil Company, the deal is aimed at boosting production capacity by up to 850,000 barrels per day (bpd) and is expected to generate net revenues...
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COMAC Chairman Calls for Calm as Chamber Moves to Resolve Dispute Between Major Oil Marketers
The Board Chairman of the Chamber of Oil Marketing Companies (COMAC), Gabby Kumi, has called for calm amid rising tensions involving two major players in Ghana’s downstream petroleum sector, Star Oil and GOIL.Speaking to Energy Crossroad, Mr Kumi noted that the two companies together control nearly 30 per cent of Ghana’s downstream petroleum market, warning...
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Nigeria’s oil output drops 8.3% to 1.544m bpd
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the oil and gas industry regulator, says Nigeria’s oil output, including condensate, dropped significantly by 8.3 percent year-on-year (YoY) to 1.544 million bpd in December 2025 from 1.684 million recorded in the corresponding period of 2024. The Commission did not provide reasons in its report released yesterday, but...
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COMAC to Hold Emergency Meeting on Fuel Price Floor as Internal Divisions Deepen
The Chamber of Oil Marketing Companies (COMAC) will convene an emergency meeting on Wednesday, January 21, 2026, to adopt a unified position on the Petroleum Price Floor Programme, amid growinginternal disagreements over the policy. The meeting follows concerns from sections of the Chamber, with some members backing the price floor while others are pushing for...
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Dangote signs $350 million deal with Indian firm EIL to expand Lagos refinery
Dangote Group has signed a $350 million deal with Indian engineering firm EIL to expand its flagship refinery and petrochemicals complex in Lagos, a move set to boost Nigeria’s industrial capacity and reduce Africa’s reliance on imported refined fuels.State-owned Engineers India Ltd (EIL) said on Saturday that it has renewed a $350 million contract with...
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Gov’t assures minimal disruption as WAPCo undertakes planned maintenance
The Ministry of Energy and Green Transition and the Ghana Grid Company Limited (GRIDCo) have assured the public of minimal disruption to electricity supply ahead of scheduled maintenance works by the West African Gas Pipeline Company (WAPCo). In a statement issued on Saturday, January 17, 2026, GRIDCo said it had been formally notified by WAPCo...
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COMAC Board, Management Hold Strategic Retreat to Chart 2026 Agenda
The Board and Management of the Chamber of Oil Marketing Companies (COMAC) have held a two-day strategic retreat at the Peninsula Resort in Akosombo, aimed at setting the organisation’s priorities and operational direction for 2026.The retreat featured a formal Board meeting at which members reviewed key governance issues, approved strategic initiatives, and offered policy guidance...