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 […]
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 […]
On Friday reported third-quarter earnings that beat Wall Street estimates, as production in Guyana and the Permian Basin hit records despite falling oil prices. Exxon’s net income fell 12% to $7.55 billion, or $1.76 per share, compared with $8.61 billion, or $1.92 per share, in the year-ago period. Excluding one-time items, the oil major earned […]
The Petroleum Commission has engaged Enterprise Singapore, the government agency responsible for driving Singapore’s external economy, to explore new investment opportunities in Ghana’s upstream petroleum sector. The meeting chaired by the Acting Deputy Chief Executive Officer of the Commission, Mr. Nasir Alfa Mohammed, brought together senior officials from both organisations.
Senegal is actively reducing its historical dependence on imported fossil fuels through both domestic hydrocarbons and renewable energy initiatives. The government’s strategy prioritizes using natural gas for domestic power generation, aiming to reduce costly heavy fuel oil consumption while directing hydrocarbon revenues toward broader development objectives.
The UK-based energy giant, which is a co-venturer in the exploration license via its 50/50 company with Italy’s Eni, Azule Energy, can confirm the preliminary results of the Volans-1X exploration well, as reported by operator Rhino Resources earlier this month.
The world’s biggest meat and dairy companies are responsible for emitting more climate-warming methane than all of the countries in the European Union and United Kingdom combined, according to a new assessment published Monday.
The company is has started considering bids from potential buyers, according to a statement posted on its website late on Monday. The divestment process is being conducted under a wind-down license from the US Treasury’s Office of Foreign Assets Control, which Lukoil said it could ask to be extended “to ensure uninterrupted operations of its international assets.”