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 …
The Namibian government has tabled the Petroleum (Exploration and Production) Amendment Bill, 2025, proposing the establishment of a new upstream petroleum regulator under the Presidency. The proposed Upstream Petroleum Unit ,would consolidate regulatory, licensing and compliance functions currently spread across several institutions. The unit will be led by a Director-General, supported by a Deputy Director-General. …
Ghana recorded a total of US$399.65 million in petroleum revenues in the second half of 2025, a significant decline compared to the same period in 2024, according to the Bank of Ghana’s report on the Petroleum Holding Fund and the Ghana Petroleum Funds. The revenues were generated from crude oil lifting proceeds, corporate income taxes …
More than £2m was spent at Harrods on behalf of a then-Nigerian oil minister accused of accepting bribes from industry figures interested in government contracts, a court in London has heard. Diezani Alison-Madueke, 65, is alleged to have been provided with "a life of luxury in the United Kingdom", including the use of multimillion-pound properties, …
The Chair of the Public Interest and Accountability Committee (PIAC), Mr. Richard Ellimah, has engaged the Minister for Finance, Dr. Cassiel Ato Forson, on funding challenges facing the Committee and the need for sustainable financial support to enable it effectively carry out its mandate. The meeting, held on Monday, January 26, 2026, focused on constraints …
Ghana has commissioned its first-ever Compressed Natural Gas (CNG) facility, marking a major milestone in the country’s energy transition and efforts to expand access to cleaner and more affordable energy. The $15 million facility, located at the Kpone Industrial Area, is owned by Tetracore Gas Ghana Limited, a subsidiary of Nigeria-based Tetracore Energy Limited. It …
Morocco ranked 10th among the world’s largest diesel-importing countries in 2025, following an increase of about 20,000 barrels per day, according to a recent report by the Attaqa energy platform. The report said Morocco’s seaborne diesel imports reached an average of 99,000 barrels per day in 2025, up from 79,000 barrels per day in the …
The Ministry of Energy and Green Transition has held a strategic engagement with the Petroleum Hub Development Corporation (PHDC) to review the Corporation’s performance in 2025 and align priorities for 2026 as part of its broader sector development agenda. The engagement formed part of the Ministry’s strategic planning process and focused on assessing implementation progress, strengthening …
The Ghana National Petroleum Corporation (GNPC) has begun a high-level, weeklong technical engagement with a delegation from Brazil’s national oil company, Petrobras, aimed at deepening bilateral cooperation and strengthening technical collaboration between the two national oil companies. The engagement, which runs from January 19 to 23, 2026, marks a significant step in revitalising a longstanding …
Policy and Natural Resource Governance expert, Dr. Steve Manteaw, has warned that removing the National Petroleum Authority’s (NPA) minimum price floor for petrol could favor large oil marketing companies (OMCs) while undermining smaller competitors. Speaking amid the public debate between GOIL and Star Oil over fuel pricing, Dr. Manteaw drew on international examples to highlight …
