Three vessels have been struck by projectiles of unknown origin in the Strait of Hormuz, maritime security and risk firms reported on Wednesday, raising the number of ships hit in the region to at least 14 since the conflict involving Iran escalated. Shipping through the strategic waterway has slowed significantly since the United States and …
The National Petroleum Authority (NPA) has assured the public that there is no need for panic buying of fuel, stating that the country has adequate petroleum stocks and a stable supply chain. A statement issued by NPA on Wednesday, March 11, said the national fuel supply situation remains stable despite concerns about possible impacts from …
Ghana has taken a significant step toward its first inland oil and gas drilling campaign following the signing of strategic agreements by GNPC Explorco with Lubrimax and Well Engineering Partners (WEP) to support exploration preparations in the Voltaian Basin. The agreements are aimed at advancing technical and operational readiness for onshore exploration activities, marking a …
Gas prices have spiked and stock markets indexes tumbled after an Iranian official said his country would "set fire" to anyone trying to pass through the key Strait of Hormuz shipping route. As the conflict between Iran and the US and Israel continued, the UK gas price surged by more than 46%, following sharp gains …
The Ghana National Gas Company (Ghana Gas) has hosted a delegation of Civil Society Organisations (CSOs) at its Atuabo Gas Processing Plant in the Western Region. The visit forms part of Ghana Gas’ 2026 Corporate Strategic Plan, which prioritises collaboration and sustained dialogue with key stakeholders. Speaking during the tour, Mr. Richard Ernest Kirk-Mensah, Head …
The National Petroleum Authority (NPA) has dismissed media commentary suggesting an impending shortage of Liquefied Petroleum Gas (LPG) in Ghana. In a press release issued on Friday, February 20, 2026, the Authority addressed comments attributed to the Chief Executive of the Chamber of Oil Marketing Companies, Dr. Riverson Oppong, who reportedly called on the public …
Executive Officer of Serene Insurance and 2nd Vice-President/Chairman of the Ghana Insurers Association (GIA), Mercy Naa Koshie Boampong, has strongly defended the capacity of local insurance companies to provide cutting-edge, growth-oriented risk cover regimes for marine and aviation cargo to safeguard import trade in the long term. Citing Serene Insurance as an example of local …
Nigeria's Dangote Group has signed a $400 million equipment deal with China's Xuzhou Construction Machinery Group (XCMG) to accelerate the expansion of its oil refinery toward a planned capacity of 1.4 million barrels per day, the company said on Tuesday. The additional equipment is expected to support major projects under construction across refining, petrochemicals, agriculture …
Namibia’s President, Netumbo Nandi-Ndaitwah, has revealed that neither she nor any members of her immediate family hold direct or indirect interests in Namibia’s oil and gas industry, as investment activity in the sector continues to accelerate. Nandi-Ndaitwah said her children, like all Namibian citizens, retain the right to participate in lawful economic activities, but stressed …
Brazil's Petrobras has purchased a 42.5% stake in an oil exploration field off the coast of Namibia, the state-run company said on Friday, seeking to tap new exploration frontiers in Africa to replenish oil reserves. The deal was in partnership with TotalEnergies, which also acquired a 42.5% stake and will operate the asset, Petrobras said …
