Views: 693 Ghana’s upstream petroleum sector has recorded its lowest crude oil production levels in five years, according to the Public Interest and Accountability Committee (PIAC). The watchdog also warned that the industry is struggling to attract much-needed investment. Speaking at a media engagement in Tamale on petroleum revenue management, Mr. Richard Ellimah, Chairman of […]
GNPC, Petroleum Commission Deepen Collaboration with New Agreement
Views: 654 The Ghana National Petroleum Corporation (GNPC) and the Petroleum Commission (PC) have signed a Promotion, Marketing and Revenue Sharing Agreement covering all the data acquired under GNPC’s Reconnaissance License on the Voltaian Basin Project. The agreement, formalized at a brief meeting at GNPC’s Training Centre at Mankata Avenue, Accra, provides a framework for […]
Tullow Oil Posts $61 Million Loss for H1 2025 on Lower Oil Prices, Reduced Output
Views: 629Tullow Oil Plc has reported a loss after tax of $61 million for the first half of 2025, reversing a profit of $196 million recorded in the same period last year, amid declining revenues and lower realised oil prices. Revenue for the period declined sharply to $524 million from $759 million in H1 2024, […]
xxon’s massive Baytown hydrogen facility faces an uncertain future
Views: 662The future of Exxon Mobil’s proposed hydrogen project in Baytown is in limbo after the Trump administration unveiled a slew of changes to hydrogen tax credits under its “big, beautiful bill.” Exxon CEO Darren Woods said on an earnings call that the company has seen “mixed progress” in regards to the development of the […]
GRTCC Halts 20% Transport Fare Increase After Talks with Transport Ministry.
Views: 644The Ghana Road Transport Coordinating Council (GRTCC) has suspended its planned 20% increase in public transport fares, following a crucial meeting with the Ministry of Transport on Wednesday, August 6, 2025. The move follows mounting public backlash and criticism over the lack of extensive stakeholder consultations prior to the announcement of the fare adjustment. […]
Power Restored in Tamale Following Ministry’s Intervention
Views: 621 Electricity supply has been fully restored to Tamale and surrounding areas after successful engagements led by the Ministry of Energy. The move comes after workers from the Northern Electricity Distribution Company (NEDCo) and the Volta River Authority (VRA) reversed their earlier decision to suspend operations in the area. The Ministry commended the swift […]
Israel’s Leviathan signs $35 billion natural gas supply deal with Egypt
Views: 661 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 […]
We Are Not Selling ECG—We’re Just Involving the Private Sector, Jinapor Clarifies
Views: 686 The Minister for Energy and Green Transition, John Abdulai Jinapor, has clarified the government’s stance regarding the Electricity Company of Ghana (ECG), amid rising concerns from civil society organizations (CSOs) and the general public. Addressing the Government Accountability Series on Wednesday, July 16, 2025, Jinapor emphasized that cabinet has approved private sector participation […]