A leading local bank, the Prudential Bank Limited (PBL), has reaffirmed its commitment to supporting Ghana’s upstream oil and gas local-content agenda.
British oil and gas giant Shell said yesterday that it was ending its participation in two offshore wind projects in the North Sea, part of its shift away from alternative energy to focus on its fossil fuels business.
Africa’s oil and gas sector is entering a period of accelerated growth, as new upstream projects kickstart across the continent. In 2025, the continent’s oil production is set to reach 11.4 million barrels of oil equivalent per day (MMboe/d), rising to 13.6 MMboe/d by 2030. This upward trajectory spells new opportunities for the continent’s petroleum markets and the upcoming G20 Africa Energy Investment Forum – hosted by the African Energy Chamber (AEC) (https://EnergyChamber.org) on November 21 – will explore strategies for maximizing Africa’s oil and gas value chain.
The Ministry of Energy and Green Transition has been confirmed as Patron of the West Africa Energy Cooperation Summit (WAECS), to be held in Accra from 2–3 December 2025.
Government plans to restart crude oil refining operations at the Tema Oil Refinery (TOR) by the end of this year as part of efforts to cut the nation’s annual USD 10.2 billion oil import bill and conserve foreign exchange while stabilizing local fuel prices.
Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, on Monday said that the 43 Field Development Plans (FDPs) recorded this year could unlock 1.7 billion barrels of crude and 7.7 trillion cubic feet of gas.
Government plans to restart crude oil refining operations at the Tema Oil Refinery (TOR) by end of this year, as part of efforts to cut the nation’s annual US$10.2billion oil import bill and conserve foreign exchange while stabilising local fuel prices.
Acting Chief Executive Officer of the Ghana National Petroleum Corporation, Kwame Ntow Amoah, has reaffirmed the Corporation’s leadership in revitalising Ghana’s upstream petroleum sector, calling for bold innovation, stronger collaboration and a renewed national commitment to building local competence.
Saudi Aramco has closed the acquisition of a 25% equity stake in Unioil Petroleum Philippines, a fuel storage and distribution company, Unioil announced on Friday.
The Changqing shale oil field in Northwestern China has produced a cumulative 20 million tons of crude, Chinese media reported, noting the amount marks the start of a new phase in domestic oil production.