Ghanaian oil executive and Springfield Group CEO, Kevin Okyere, has denied allegations of bribery in connection with the ongoing UK trial of former Nigerian Petroleum Minister, Diezani Alison-Madueke. Okyere’s statement to the UK’s National Crime Agency (NCA) was presented in court on Tuesday at Southwark Crown Court, where prosecutors are pursuing bribery charges against Alison-Madueke. …
Zambia has broken ground on a $1.1 billion oil refinery in Ndola, the Copperbelt’s main industrial city, with construction scheduled for completion before the end of 2028. The facility is being developed by Zambia Petrochemical Energy Company (ZPEC), a joint venture between Chinese group Fujian Xiang Xin Corporation and the Industrial Development Corporation (IDC), the …
Government has directed a temporary reduction in fuel prices in the next pricing window, following an emergency Cabinet meeting convened to address rising energy costs. In a statement shared by Government Spokesperson Felix Ofosu Kwakye, Cabinet instructed the Ministers for Finance and Energy to implement the reduction through the suspension of selected taxes and margins. …
Ghana’s Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has cautioned against hasty calls to remove taxes on petroleum products, stressing that such decisions could undermine critical sectors of the economy if not carefully managed. Speaking at the opening of COMAC Safety Week 2026 in Accra on Tuesday, April 7, Dr. Jinapor underscored …
Millions of people in Nigeria’s Niger Delta are exposed daily to methane emissions from oil and gas operations, with serious health impacts. Nigeria has committed to reducing unintentional methane releases by 2031. But commitments only matter when they are enforced. Right now, the gap between promise and action continues to play out in the health …
Oil prices ​extended gains on Tuesday as a U.S.-imposed deadline loomed for Iran to open the Strait of Hormuz or be "taken out", ‌with U.S. President Donald Trump threatening to order attacks on Iranian bridges and power plants. Brent crude futures rose $1.74, or 1.6%, to $111.51 a barrel by 0530 GMT, while U.S. West …
GOIL PLC has announced that it has regained its number one position in the downstream petroleum sector, attributing the achievement to the dedication of its staff, dealers, and continued customer support. The number one spot was previously held by Indigenous firm StarOil Ghana. In a message addressed to staff and stakeholders, the Group CEO and …
The Greater Accra East Regional Office of Environmental Protection Authority (EPA) has held a stakeholder engagement for Fuel Service Stations and LPG Retail Outlets in Tema and its environs. The session focused on the new Environmental Protection Act, 2025 (Act 1124), permit compliance, and practical environmental, health, and safety measures. Key issues discussed included spill …
The US has lifted sanctions on some Iranian oil, as it scrambles to contain the impact of its war in Iran on energy markets. Treasury Secretary Scott Bessent announced the issuing of a narrowly tailored, short-term authorisation permitting the sale of Iranian oil currently stranded at sea. The move marks a stunning reversal of longstanding …
China has long braced for a Gulf oil supply shock - but the Iran war's disruption of a key global shipping route is now putting its resilience to the test. Energy shipments from the Middle East have been at a standstill following Iran's threats to attack vessels that pass through a critical trade waterway as …
