Speaking at a press conference in Accra on Monday, the Ranking Member on the Economy and Development Committee, Kojo Oppong Nkrumah, called on government to reconsider its recent introduction of an 8% levy on fuel and instead implement more effective long-term reforms.
South Africa has officially launched the South African National Petroleum Company (SANPC), a new state-owned oil enterprise designed to consolidate and energize the country’s long-stalled hydrocarbons sector. Formed from the merger of PetroSA, iGas, and the Strategic Fuel Fund, SANPC will operate under the Central Energy Fund and is already integrating staff and assets to streamline operations. The aim? Reducing oil imports, bolstering energy security, and tapping into over R95 billion in potential investment.
In Southern Africa, the South Africa–Mozambique gas-to-power integration illustrates the value of cross-border energy ties. South Africa imports natural gas from Mozambique’s Pande and Temane fields via the ROMPCO pipeline, co-owned by Sasol. This gas fuels both industrial applications and power stations, forming one of the region’s most integrated energy corridors and strengthening economic ties through energy interdependence.
At the end of January, Sheinbaum sent a draft energy reform to Congress, which aims to accelerate the energy transition and improve access to energy, partially by allowing greater private sector investment in the sector. The Senate approved the reform on the 26th of February with 85 votes in favour, 39 against, and one abstention.
The S&P 500 closed out 2024 with a total return of 23.3%, building on its 24.2% gain in 2023. Despite a weaker finish to the year, the index notched 57 record closes, fueled by optimism around artificial intelligence (AI) and the Federal Reserve’s interest rate cuts. Every sector in the index posted gains for the year, but seven of the eleven sectors underperformed the broader benchmark, while five delivered returns of at least 20%.
Azerbaijan’s promise to double its annual gas exports to Europe by 2027 may be a step closer to realization with the news that BP has found new gas reservoirs beneath its existing Azeri–Chirag–Gunashli oil field (ACG) in the Caspian Sea.
Energy Minister, Dr. Matthew Opoku Prempeh popularly known as Napo was on on Saturday, July 8, named the overall Africa Role Model in Politics and Governance at the 14th MTN Pulse Africa Role Model Awards held at the Great Hall, KNUST.
The government has started the process of developing a comprehensive policy to regulate and protect jobs for Ghanaians in the upstream petroleum sector.
The Inflation Reduction Act (IRA) provides incentives for accelerating the rollout of clean energy in the United States and for a surge in green jobs.
Equatorial Guinea, a small nation located on the west coast of Central Africa, has been steadily emerging as a significant player in the global energy market.