Oil & Gas
We have enough gold to exchange for oil – Dep. Energy Minister
Dr. Mohammed Amin Adam, Deputy Energy Minister, says the government is ready to implement its gold-for-oil barter agreement. According to him, the country has enough gold in reserve to exchange for oil in order to lower the country's current skyrocketing fuel prices....
We Can’t Allow TOR to Collapse – Institute for Energy Policies and Research
In collaboration with other civil society organisations and industry experts, the Institute for Energy Policies and Research (INSTEPR) will organise a forum to engage the government in finding a long-term solution to Tema Oil Refinery (TOR)'s woes. According to the...
Gas to drive railway sector – Ghana Gas CEO
The Ghana National Gas Company (GNGC) is planning to spearhead the promotion of Compressed Natural Gas (CNG) to drive the country’s railway sector, as part of efforts to promote the diversification of gas utilisation, according to Dr Ben K. D. Asante, Chief Executive...
Museveni awarded for unlocking Uganda’s oil potential
Uganda’s president Yoweri Museveni has been awarded by the London-based Energy Year publication with the distinguished Person of the Year Award in recognition of his "exceptional leadership in unlocking the country's oil potential." On Friday, October 14, 2022, at a...
9 OMCS FINED 2.2M BY NPA FOR LIFTING PETROLEUM PRODUCTS
The National Petroleum Authority (NPA) has fined nine (9) oil marketing companies (OMCs) a total of 2,215,000 cedis for engaging in illegal Third-Party trading of petroleum products and unlawful lifting of petroleum products. Bello Petroleum, Jas Petroleum, Oval...
Energy Minister woos investors into Ghana’s petroleum upstream
Dr Matthew Opoku Prempeh, Ghana’s Energy Minister, is currently wooing investors into the country’s upstream sector, with the promotion of five of the country’s open oil blocks at an oil and gas roadshow in Houston, Texas. He is in the company of senior...
Mozambique, Tanzania join forces to explore hydrocarbons
Recent promising resource discoveries in Mozambique and Tanzania bode well for Africa's future. Exploration is being pursued with renewed zeal, and the continent is attracting the attention of the world's energy companies. Mozambique's President, Filipe Nyusi, stated...
Russian undersea gas lines leak mysteriously, raising European suspicions
European countries have rushed to investigate unexplained leaks in two Russian gas pipelines that run beneath the Baltic Sea near Sweden and Denmark, infrastructure that has been at the heart of an energy crisis since Russia's invasion of Ukraine. Experts, as well as...
Mubadala Energy announces new gas discovery offshore Malaysia
Mubadala Energy, an international energy company headquartered in Abu Dhabi, has confirmed the discovery of a high-quality gas reservoir in Block SK320, off the coast of Sarawak province in Malaysia. According to preliminary analysis, the pinnacle carbonate reef...
Africa will benefit from the Nigeria-Morocco Gas Pipeline Project – Mele Kyari
The Nigeria-Morocco Gas Pipeline Project (NMGP) is a collaborative effort between the Federal Government of Nigeria and the Kingdom of Morocco. It was conceived during the visit of King Mohammed VI of Morocco to Nigeria in December 2016. The Project aims to monetize...
