Gas is driving Ghana’s industrial transformation – and Stanbic Bank Ghana is at the centre of it, financing the infrastructure that powers its progress.
The KM250 project adds 250 million standard cubic feet per day (MMscf/d) of new processing capacity, boosting Khor Mor’s total output to 750 MMscf/d—a 50% increase. The expansion will significantly strengthen power generation across the KRI and contribute to Iraq’s broader electrification goals by delivering cleaner-burning natural gas to regional power plants.
Shale Gas Market Expands Rapidly with Rising Energy Demand and Technological Advances
The Dangote Petroleum Refinery has announced a major production milestone, achieving a combined daily output of 70 million litres of petrol and diesel, 45 million litres of petrol and 25 million litres of diesel, surpassing Nigeria’s domestic fuel demand.
Africa’s oil and gas downstream market, currently valued at USD 80.5 billion, is projected to reach USD 120.8 billion by 2032, positioning the continent as the world’s next frontier for downstream growth. Demand across Africa is expected to rise by 2.2 million barrels per day (MMB/D) between 2019 and 2035, representing a 2.3 percent annual growth rate.
TotalEnergies Marketing Ghana PLC has achieved a remarkable transformation in its bottom line, recording a 36.4% jump in net profit for the nine months ending September 2025, even as revenue remained virtually unchanged. The oil marketing company’s strategic focus on margin improvement and cost discipline has delivered results that industry analysts say demonstrate operational excellence […]
Management View Andrew Inglis, Chairman & CEO, reiterated that Kosmos’ key priorities remain unchanged, focusing on growing production, reducing costs, and strengthening the balance sheet. “We’ve made important progress across all 3 of these areas this quarter.” (Chairman & CEO Andrew Inglis) At Jubilee, a new producer well came online in July, delivering around 10,000 […]
Ghana’s vast Voltaian Basin will mark a new dawn for the country’s oil and gas industry, serving as a game changer for energy security, job creation, and economic transformation, the Chief Executive Officer of the Petroleum Commission has declared. Emefa Hardcastle told the Volta Economic Forum in Ho that government is accelerating efforts to attract […]
Ghana is accelerating onshore petroleum exploration in the Voltaian Basin, encompassing eight regions of the country, in hopes of adding onshore reserves to the country’s petroleum resources.
l ExxonMobil Corp. announced third-quarter 2025 earnings of $7.5 billion, up from $7.1 billion for second-quarter 2025 but down from $8.6 billion for third-quarter 2024. Year-to-date earnings totaled $22.3 billion, down from $26.1 billion for the same period last year. Exxon noted that this drop in earnings from a year ago was primarily due to […]