Ghana: UENR, Lancaster University Seal Partnership To Boost Environmental Research And Education
The University of Energy and Natural Resources (UENR) in the Republic of Ghana has signed a Memorandum of Understanding (MoU) with Lancaster University in the UK.
The agreement, signed on February 6, 2025, aims to foster research collaboration, faculty and student exchanges, and enhance UENR’s global engagement in innovative environmental research and education.
This partnership builds on an existing collaboration between the two institutions, which has already yielded joint research initiatives, international workshops, and UENR’s inclusion in Lancaster University’s Africa Research Innovation and Partnership (ARIP) initiative.
The MoU reinforces both institutions’ commitment to advancing sustainable research and academic excellence.
By combining their expertise and resources, UENR and Lancaster University aim to make a significant impact in addressing environmental challenges and promoting sustainable development.
This partnership is expected to open up new opportunities for students, faculty, and researchers from both institutions, enabling them to collaborate on cutting-edge research projects, share knowledge, and develop innovative solutions to environmental challenges.
Source: https://energynewsafrica.com
Ghana: Jinapor, Ekperikpe Ekpo Hold Bilateral Talks On WAGP Project
Ghana’s Minister for Energy and Green Transition, John Abdulai Jinapor, has held a bilateral engagement with his counterpart, Rt. Hon. Ekperikpe Ekpo, Minister of State, Petroleum Resources (Gas) of the Federal Republic of Nigeria, in Accra, the capital of Ghana.
The two leaders discussed matters concerning the West African Gas Pipeline (WAGP) Project, particularly the advancement of the legislative amendment process.
The two were of the view that these amendments were essential to ensuring fiscal and regulatory harmony among all WAGP member states, which would enhance the operational efficiency and long-term sustainability of the project.
Given Ghana’s strategic role in this initiative, the meeting discussed how the two countries could collaborate to accelerate the legislative processes required for the successful implementation of the amendments and to strengthen Ghana and Nigeria’s partnership in advancing the objectives of the WAGP Project for the collective benefit of all member states.
The meeting was attended by other key stakeholders such as the Chairman, the Board of West African Pipeline Company (WAPCO), the Director-General of West African Gas Pipeline Authority, the Chief Executive of the Volta River Authority (VRA), the Chief Executive of the Ghana National Petroleum Cooperation (GNPC), the Chief Director and officials of the Ministry of Energy and Green Transition.
Source: https://energynewsafrica.com
Given Ghana’s strategic role in this initiative, the meeting discussed how the two countries could collaborate to accelerate the legislative processes required for the successful implementation of the amendments and to strengthen Ghana and Nigeria’s partnership in advancing the objectives of the WAGP Project for the collective benefit of all member states.
The meeting was attended by other key stakeholders such as the Chairman, the Board of West African Pipeline Company (WAPCO), the Director-General of West African Gas Pipeline Authority, the Chief Executive of the Volta River Authority (VRA), the Chief Executive of the Ghana National Petroleum Cooperation (GNPC), the Chief Director and officials of the Ministry of Energy and Green Transition.
Source: https://energynewsafrica.com Ghana: Dr Sulemana Takes Over Reins Of TOR As Acting MD
President John Dramani Mahama has appointed Dr. Yussif Sulemana as the new Acting Managing Director of Tema Oil Refinery (TOR).
He replaces Kofi Tagoe Mocumbi who served as the Managing Director during President Nana Addo Dankwa Akufo-Addo’s administration.
During Akufo-Addo’s administration, TOR had four Managing Directors, including one Acting Managing Director and an Interim Management Committee (ICM).
Despite several attempts, the refinery’s revamp remained unsuccessful during the eight-year administration.
As one of the energy sector agencies frequently in the news, TOR attracted significant attention from industry watchers.
Dr Sulemana, with his expertise, was often consulted by the Ghanaian media on TOR-related issues.
Contrary to January reports that Edmond Kombat had been appointed, Dr Yussif Sulemana has taken the reins as the new Acting Managing Director.
He officially assumed his post earlier today, Monday, with Kofi Tagoe Mocumbi present to hand over the baton.
Scores of refinery workers welcomed Dr Sulemana, and industry watchers are eager to observe his leadership.
Dr Sulemana brings over 15 years of experience in the energy industry, specialising in oil production, oil refinery process systems optimisation and systematic troubleshooting.
His credentials include a Bachelor of Science in Chemical Engineering, a Master of Science in Management (Oil & Gas), and a Doctor of Business Administration in Energy Management.
Some industry watchers who spoke to this portal stated that they would keep an eye on his leadership due to his past commentaries on the refinery’s operation.
Source: https://energynewsafrica.com
Gold For Oil Or Gold For Forex?
The geopolitical landscape in 2022 was drastically altered by the Russian-Ukraine war, drawing global attention to its ripple effects on economies and the oil industry.
The conflict triggered a surge in crude oil and refined products prices as global markets responded to supply chain disruptions amid the recovery in demand following the covid pandemic.
As international oil benchmarks soared, so did foreign exchange (FX) demand in the emerging markets, intensifying economic strain on import dependent economies such as Ghana.
The country, which lacks domestic refining capacity for crude oil, found itself vulnerable to these global shocks; with the country’s oil import bill ballooning from $240 million to $400 million per month and placing immense pressure on its already fragile FX reserves.
At the same time, Bulk Import, Distribution, and Export Companies (BIDECs) struggled with mounting debts and liquidity challenges, finding it increasingly difficult to source FX to pay international oil suppliers.
This liquidity crisis heightened Ghana’s risk exposure and triggering fear within some quarters in government that the country might run out of products as some of the major oil traders were reluctant to add to an already sky-high exposure with the BIDECs.
The Root Cause Ofthe Crisis Was Clear;Ghana Faced An FX Liquidity Problem.
This looming energy crisis served as the catalyst for the creation of the “Gold-for-Oil” (G4O) program. The government implemented the G4O policy to leverage the country’s gold reserves in securing petroleum imports, hoping to alleviate the pressure on foreign exchange reserves.
Conceptually, G4O presented a golden opportunity: if the gold proceeds had been used strictly to provide FX liquidity for oil importers, it could have served as a viable stop-gap measure to ensure payment to suppliers and keep oil flowing into the country uninterrupted.
However, the policy took a costly turn when the government, through the Bulk Energy Storage and Transportation (BEST) Company, ventured into the oil trading business—a domain where it lacked expertise.
Since its implementation in January 2023,G4O has covered only 30% of Ghana’s oil needs; a limited scope that raises doubts aboutits effectiveness in addressing key economic concerns such as fuel price stability, currency depreciation, and inflation in petroleum-dependent sectors
These limitations, coupled with BEST’s foray into oil trading, form the basis for assessing whether G4O has truly been a strategic solution or an avoidable misstep.
Governments nor policy makers are neither gold traders nor oil traders, and their direct involvement in commercial trading has historically proven problematic; evidenced by cases like TOR and BEST.
The challenges that emerged under G4O illustrate the risks of state-led interventions in a complex and volatile industry like oil trading.
As Ghana transitions to a new administration, caution must be exercised in determining the future of G4O and whether the nation will repeat past mistakes or adopt a more sustainable approach to securing its energy needs.
R E B U T T A L T O C L A I M S O N G O L D – F O R – O I L ( G 4 O ) S U C C E S S
Dr. Edwin Alfred Nii Obodai Provencal, former Managing Director of BEST, presents a defense of the program’s supposed benefits, including claims of fuel price stabilization, economic relief, and transparency.
Yet, even a rudimentary review by an elementary economics student swiftly exposes significant flaws in his arguments, calling into question, the supposed ingenuity of his claims. This rebuttal highlights the inconsistencies in his claims and the broader shortcomings of G4O.
The 70% Market Forces vs. 30% G4O Supply and its Alleged Impact on Fuel Prices and Inflation.
Fast forward to 2025, the recent increase in pump prices reinforces the theory that, the persistent correlation between rising crude oil prices, a weakening cedi and pump prices. This indicates the exchange rate fluctuations driven by international market forces remains the dominant factor; a challenge thattheG4O program failed to address.
Fuel Shortages and Laycan Challenges
We have on good authority information that some BIDECs were importing oil at much lower premiums and prices than those offered by BEST through the G4O program. This price disparity naturally led to BEST sitting on a lot of the stocks that they had imported via the G4O scheme, as prices further declined in Q3 2024 resulting in potentially significant losses for the initiative.. These losses in-turn meant that BEST struggled to remit the necessary proceeds from the oil sales to continue the imports.
As a result, the market saw lower utilization of the laycan that the NPA allocated to BEST in Q4 2024, and this ultimately led to low product imports into the country creating concerns about potential fuel shortages at the end of 2024.
Our findings also indicate that BEST was given priority in Laycan allocations for G4O supplies over BIDEC imports. Consequently, due to declining G4O import volumes, many of these Laycan allocations went unused. This inefficiency placed additional strain on BIDECs, who struggled to secure their own Laycan slots, leading to potential demurrage costs.
BEST’s Role: A Strategic Reserves Manager or a Trader?
BEST’s primary mandate is to maintain strategic fuel reserves and ensure national energy security. However, under G4O, BEST shifted its focus towards trading, raising concerns about its ability to fulfill this role effectively.
Credible reports indicate significant fuel losses of BIDECs, at BEST storage facilities in Kumasi and the northern regions, with no official explanation or corrective measures taken.
If BEST prioritizes profit-making through trading instead of securing reserves, it continues to undermine Ghana’s energy security. Calls for an independent audit of BEST’s financial performance under G4O, particularly its trading losses, remain unanswered.
Despite majority of Ghana’s fuel supply being controlled by BIDECs, transportation and storage inefficiencies at BEST facilities, particularly in Kumasi and northern Ghana; continue to disrupt the fuel supply chain.
Transparency and Accountability Concerns
Transparency is not merely about government involvement; it requires public disclosure of financial records, procurement contracts, and independent audits—none of which have been made readily available. There is no publicly accessible data on G4O transactions, profit margins, financial risks, or losses. Calls for an independent audit of BEST’s management of G4O have been ignored, raising concerns about accountability.
Broader Structural Issues Still Unresolved
Even if G4O may have contributed some benefits, it cannot be the silver bullet to address the fundamental issues affecting fuel supply in Ghana’s downstream petroleum sector, including:
- Edwin asserts that the G4O initiative was responsible for reducing fuel premiums from $135/MT to $65/MT, lowering diesel prices from GHS 23 per liter in November 2022 to GHS 15.45 currently, and contributing to inflation reduction from 54% to 23.5%. However, these claims are flawed.
- The oil market naturally selfadjusts after experiencing significant shocks. As demonstrated in Figure 1, following the Russian-Ukraine crisis, crude prices surged before eventually stabilizing as global markets gradually adjusted to the effect of losing Russians bbls to the European market which where the usual outlet
- As trade flows re-adjusted, with Russian bbls finding new homes in the east, latin America and West Africa – we saw the global market correct back to pre-war levels.
- Notably, the same trend occurred in the gas markets, with gas prices in Europe trading at all-time highs as Russia shut off gas supply valves to Europe in retaliation for the sanctions imposed on it.
- The Gold for Oil (G4O) program was launched in December 2022, received its first consignment in January 2023 – which represented only 10% of the nation’s monthly consumption, aimed to stabilize fuel prices by exchanging gold for petroleum.
- However, this program cannot be credited with reducing expump prices during that period. Data from Graphs 2 and 3 indicate that crude oil prices had already been declining, dropping from $96.04 per MT in the second pricing window of November 2022 to a new low of $74.27 per MT by June 2023.
- Similarly, international market prices reported by Platts for petrol and diesel fell from $968.25 and $1,096.98 per MT to $828.70 and $691.41 per MT, respectively.
- Consequently, ex-pump prices mirrored the downward trend in international markets. Petrol and diesel prices fell from GHS 16.57 and GHS 23 per litre, respectively, in the first pricing window of November 2022 to GHS 11.90 and GHS 11.96 in June 2023, as illustrated in Graph 4.
- This supports the view that the international market played a significant role in reducing prices well before the initial 10% G4O import reached the Ghana domestic market.
- Claiming that the G4O import is responsible for the decline in inflation from 54% in 2022 to 23.5% in 2025 (as illustrated in Figure 5), is fundamentally flawed.
- Given the marginal impact of the G4O on reducing ex-pump prices and its dwindling import volumes from its inception in 2023 through the end of 2024, it is difficult to attribute a 50% drop in inflation over two years solely to this initiative.
- Moreover, other significant factors, such as measures to control food inflation (a primary driver of overall inflation), were also at play during this period.
- Additionally, the program only covered about 30% of national fuel consumption, leaving the majority of imports subject to standard market conditions through Bulk Oil Distribution and Export Companies, confirms market forces beyond G4O played a much larger role in price fluctuations and inflation.
- The data clearly show that expump prices continued to mirror global price movements during the period, highlighting that the Gold for Oil program played a minimal role in reducing ex-pump prices and, by extension, inflation.
Fast forward to 2025, the recent increase in pump prices reinforces the theory that, the persistent correlation between rising crude oil prices, a weakening cedi and pump prices. This indicates the exchange rate fluctuations driven by international market forces remains the dominant factor; a challenge thattheG4O program failed to address.
Fuel Shortages and Laycan Challenges
We have on good authority information that some BIDECs were importing oil at much lower premiums and prices than those offered by BEST through the G4O program. This price disparity naturally led to BEST sitting on a lot of the stocks that they had imported via the G4O scheme, as prices further declined in Q3 2024 resulting in potentially significant losses for the initiative.. These losses in-turn meant that BEST struggled to remit the necessary proceeds from the oil sales to continue the imports.
As a result, the market saw lower utilization of the laycan that the NPA allocated to BEST in Q4 2024, and this ultimately led to low product imports into the country creating concerns about potential fuel shortages at the end of 2024.
Our findings also indicate that BEST was given priority in Laycan allocations for G4O supplies over BIDEC imports. Consequently, due to declining G4O import volumes, many of these Laycan allocations went unused. This inefficiency placed additional strain on BIDECs, who struggled to secure their own Laycan slots, leading to potential demurrage costs.
BEST’s Role: A Strategic Reserves Manager or a Trader?
BEST’s primary mandate is to maintain strategic fuel reserves and ensure national energy security. However, under G4O, BEST shifted its focus towards trading, raising concerns about its ability to fulfill this role effectively.
Credible reports indicate significant fuel losses of BIDECs, at BEST storage facilities in Kumasi and the northern regions, with no official explanation or corrective measures taken.
If BEST prioritizes profit-making through trading instead of securing reserves, it continues to undermine Ghana’s energy security. Calls for an independent audit of BEST’s financial performance under G4O, particularly its trading losses, remain unanswered.
Despite majority of Ghana’s fuel supply being controlled by BIDECs, transportation and storage inefficiencies at BEST facilities, particularly in Kumasi and northern Ghana; continue to disrupt the fuel supply chain.
Transparency and Accountability Concerns
Transparency is not merely about government involvement; it requires public disclosure of financial records, procurement contracts, and independent audits—none of which have been made readily available. There is no publicly accessible data on G4O transactions, profit margins, financial risks, or losses. Calls for an independent audit of BEST’s management of G4O have been ignored, raising concerns about accountability.
Broader Structural Issues Still Unresolved
Even if G4O may have contributed some benefits, it cannot be the silver bullet to address the fundamental issues affecting fuel supply in Ghana’s downstream petroleum sector, including:
- Lack of Refining Capacity: Ghana remains dependent on imported refined petroleum products due to the inefficiencies at the Tema Oil Refinery (TOR). G4O does not change this fact.
- Storage and Distribution Deficiencies: Ghana still lacks adequate strategic fuel reserves, making it vulnerable to global supply chain disruptions. The inefficiencies in BEST’s storage network further exacerbate this challenge.
- Regulatory Bottlenecks: Policies such as the Zonalization Policy and inefficiencies in the Integrated Customs Management System (ICUMS) continue to add costs to petroleum distribution.
- Strengthening Refining Capacity: Investing in domestic refining infrastructure will reduce reliance on imported refined petroleum, insulating Ghana from global supply chain disruptions and forex volatility.
- Enhancing Storage and Distribution: Realign BEST’s efficiency to focus in managing fuel reserves and eliminating logistical bottlenecks will ensure a stable and reliable fuel supply
- Implementing a Gold-for-Forex Strategy: Instead of direct commodity swaps, Ghana should leverage its gold reserves to stabilize foreign exchange markets, ensuring that oil importers have access to adequate FX liquidity.
- Ensuring Transparency and Accountability: Public disclosure of financial records, independent audits, and clear regulatory oversight will rebuild confidence in government-led initiatives and prevent mismanagement.
Ghana: Vivo Energy Ghana Mourns Passing Of Managing Director Jean-Michel Arlandis
Vivo Energy Ghana has announced the sudden passing of its Managing Director, Jean-Michel Arlandis, after a short illness.
Arlandis died on Friday, February 7, 2025, in his hometown of Toulouse, France, while receiving treatment.
In a statement posted on Facebook, Shirley Tony Kum, Corporate Communications Manager at Vivo Energy Ghana, described Arlandis as a “formidable leader” who maintained high standards and consistently encouraged his team to achieve its best.
Kumi added that Arlandis was a man who truly enjoyed life and was deeply respected and cherished by those who had the privilege of working with him.
“It is with deep sadness that I announce the passing of my boss and Managing Director of Vivo Energy Ghana,” she said.
According to her, the late Arlandis was a formidable leader who maintained high standards and consistently encouraged his team to achieve its best.
She continued, “Behind his strong leadership was a man who truly enjoyed life and was deeply respected and cherished by those who had the privilege of working with him, leaving a lasting mark through his dedication and commitment.
“This is a difficult moment for the entire Vivo Energy Ghana team as we mourn our leader, colleague and friend.
“May his gentle soul rest in perfect peace,” she added.
The late Jean-Michel Arlandis was appointed in July 2024.
He replaced Kader Maiga following the end of his term.
Source: https://energynewsafrica.com
South Africa Eyes Founding Membership In Africa Energy Bank
South Africa has expressed interest in becoming a founding member of the proposed Africa Energy Bank, a continent-wide initiative spearheaded by the Africa Petroleum Producers Organisation (APPO) and Afreximbank.
The bank aims to fund oil and gas projects across Africa, addressing the funding gap created by major banks’ shift away from climate-warming projects.
According to Jacob Mbele, Director-General of South Africa’s Department of Mineral Resources, the country has requested a prospectus from Afreximbank before committing to a funding figure.
The Africa Energy Bank, set to start operations by mid-2025, will be headquartered in Nigeria with an initial capitalization of up to $5 billion.
The bank will offer tailored funding solutions to meet Africa’s energy needs.
Afreximbank Senior Executive Vice President Denys Denya confirmed that the bank is in the capital-raising phase, with several countries already committing funds.
Denya expressed optimism that the bank will start trading before the half-year stage.
This development is expected to boost oil and gas projects across Africa, supporting the continent’s energy needs and economic growth.
Source: https://energynewsafrica.com
Baltic States Cut Russian Electricity Ties, Ending Decades Of Reliance
The Baltic states of Estonia, Latvia, and Lithuania have officially severed their electricity ties with Russia and Belarus, ending decades of reliance on their eastern neighbors.
This move is steeped in geopolitical and symbolic significance, coming nearly three and a half decades after the Baltic countries gained independence from the Soviet Union.
The process of disconnecting from Russia’s grid began years ago, but gained momentum after Russia’s invasion of Ukraine in 2022.
The Baltic countries have since invested heavily in upgrading their grids and creating new connections with the European Union.
On Saturday, the remaining transmission lines connecting the Baltic countries with Russia and Belarus were switched off, and the next day, the Baltic power system merged with the Continental European and Nordic grids.
EU chief Ursula von der Leyen and other dignitaries attended short for a ceremony on Sunday as a specially-made 9-meter tall clock in downtown Vilnius counts down the final seconds of the Baltic states’ electricity ties to Russia.
This marks a significant shift towards energy independence for the region.
“This is physical disconnection from the last remaining element of our reliance on the Russian and Belorussian energy system,” said Lithuanian president Gitanas Nausėda.
While the Baltic nations are celebrating this milestone, they remain vigilant, anticipating potential responses from Russia.
The three Baltic countries, which together have a 1,633-kilometre-long border with Russia and Belarus, officially informed Moscow and Minsk of the disconnection plan in July.
Despite the advance notice, the Baltic nations are still on watch for a possible response from their former Soviet partners.
Some in the region were taking precautionary measures.
Estonia’s public broadcaster ERR has reported surging sales of generators.
Source: https://energynewsafrica.com
Nigeria: NNPC Ltd And First E&P JV Make History With 96% Reduction In Gas Flaring
Nigeria’s NNPC Ltd and First Exploration & Petroleum Development Company Limited (First E&P) Joint Venture (JV) have successfully slashed routine gas flaring by an impressive 96 per cent.
This monumental feat is a significant step towards supporting Nigeria’s commitment to reducing greenhouse gas emissions by 20 per cent unconditionally and 47 per cent conditionally as stipulated in the Nationally Determined Contributions under the Paris Agreement.
The remarkable reduction in gas flaring was achieved through the implementation of an innovative associated gas (AG) reinjection strategy.
This involved injecting AG into a designated underground storage reservoir at the Madu field, located in OML 85, offshore Bayelsa State.
By adopting this approach, the JV has ensured that gas that would have otherwise been flared is now safely stored, significantly mitigating environmental impact.
This achievement not only aligns with the regulatory framework set forth by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) but also underscores the JV’s commitment to global best practices and environmental sustainability.
According to Mele Kyari, Group Chief Executive Officer of NNPC Ltd, “This achievement demonstrates our dedication to responsible resource management and optimising production to meet energy needs while prioritizing sustainability goals.”
Ademola Adeyemi-Bero, MD/CEO of FIRST E&, added, “This milestone reflects our unwavering commitment to environmental sustainability and responsible energy production. By substantially reducing our carbon footprint, we are contributing to a sustainable energy future that benefits both the environment and the communities we serve.”
Building on this success, the JV is now focused on commercialising the stored gas and other stranded gas resources within the Niger Delta, reinforcing its dedication to environmental stewardship and the advancement of sustainable energy solutions.
Source: https://energynewsafrica.com
Eni CEO Claudio Descalzi Holds Talks With Ghana’s President Mahama
Ghana’s President, Mr John Dramani Mahama, and the Chief Executive Officer of Eni, an Italian Oil and Gas firm, Claudio Descalzi, met in Accra, the capital of Ghana, on Friday to discuss the company’s activities in the country.
Mr Descalzi illustrated the achievements of the Offshore Cape Three Points project (OCTP), the biggest investment made by a private company in Ghana, completed ahead of schedule and under budget, with first oil in 2017 and first gas in 2018.
Gas from OCTP is entirely destined for Ghana’s domestic consumption, ensuring a safe and reliable energy source to meet internal needs, contributing to around 70 per cent of Ghana’s domestic gas production.
Additionally, Eni brought to the President’s attention some new short and medium-term exploration and development opportunities.
The meeting also served as an opportunity to discuss Eni’s plans for economic diversification in Ghana.
Eni has been present in Ghana since 2009. The company is the operator of the OCTP project with a 44.4 per cent share in partnership with Vitol (35.6%) and Ghana National Petroleum Corporation (20%).
Its portfolio of projects also includes initiatives in the areas of training, economic diversification, access to water and sanitation and access to energy.
Source: https://energynewsafrica.com
Ghana: New GNPC CEO Backs Local Firm Springfield E&P
Ghana National Petroleum Corporation (GNPC) has reaffirmed its commitment to supporting Springfield Exploration and Production Limited, a Ghanaian upstream player, in its quest for success in the oil and gas sector.
According to GNPC’s Acting Chief Executive Officer, Edward Abambire Bawa, Springfield’s success is crucial for inspiring indigenous involvement and investment in Ghana’s upstream petroleum domain.
“The success of Springfield E&P transcends singular corporate achievement; it sets a benchmark for heightened indigenous involvement in Ghana’s upstream domain. A thriving Springfield will ignite investor confidence, allure fresh entrants and generate employment prospects for Ghanaian nationals,” said Edward Bawa during a visit by officials of Springfield E&P led by its CEO, Kevin Okyere, to the GNPC’s head office in Tema.
The GNPC’s CEO commended Springfield’s recent operational endeavours, particularly its Afina appraisal exploits which have significant implications for Ghana’s oil and gas sector.
In November 2024, Springfield completed an Appraisal of Afina well located in the West Cape Three Points Block 2, following a ruling by an International Court of Arbitration that a further work needed to be done to ascertain whether the properties of oil in the Afina well and Sankofa field in the OCTP Block, operated by Eni, are the same or otherwise before a unitisation of the two blocks.
The firm was satisfied with the result of the exercise which was undertaken by Deepsea Bollsta, a Norwegian offshore company.
During the discussion between officials of Springfield and GNPC, the Acting CEO, Edward Bawa, emphasised the importance of gas in Ghana’s energy blueprint, highlighting its role in harnessing maximum benefits from the nation’s hydrocarbon resources.
He noted that Ghana’s current gas supply shortfall necessitates collaborative efforts to boost exploration and production.
“Gas epitomizes Ghana’s energy stability and economic progress. Given the extant lacuna in gas provision and output, GNPC embraces partnerships that will galvanise exploration endeavours and unearth additional gas reservoirs to energise industries and propel economic advancement,” appended Mr Bawa.
On his part, the Springfield E&P CEO, Mr Kevin Okyere, commended Mr Bawa on his appointment, expressing unwavering confidence in his stewardship and GNPC’s overarching strategic trajectory.
He provided insights into Springfield’s recent Afina appraisal exploits, delineating key discoveries and their potential ramifications for Ghana’s oil and gas sector.
Mr Okyere underscored the criticality of maximising Ghana’s hydrocarbon assets, accentuating his conviction in the synergy between GNPC and Springfield to not only bolster unitisation efforts but also to amplify the nation’s reserves.
He emphasised the urgent necessity for Ghana to fully exploit all potential resources, including stranded gas to fortify the nation’s energy security and fortify its developmental trajectory.
In response, Edward Bawa commended Springfield’s pivotal role as an indigenous Ghanaian operator, acknowledging the company’s significance in the nation’s upstream petroleum domain.
Source: https://energynewsafrica.com
He noted that Ghana’s current gas supply shortfall necessitates collaborative efforts to boost exploration and production.
“Gas epitomizes Ghana’s energy stability and economic progress. Given the extant lacuna in gas provision and output, GNPC embraces partnerships that will galvanise exploration endeavours and unearth additional gas reservoirs to energise industries and propel economic advancement,” appended Mr Bawa.
On his part, the Springfield E&P CEO, Mr Kevin Okyere, commended Mr Bawa on his appointment, expressing unwavering confidence in his stewardship and GNPC’s overarching strategic trajectory.
He provided insights into Springfield’s recent Afina appraisal exploits, delineating key discoveries and their potential ramifications for Ghana’s oil and gas sector.
Mr Okyere underscored the criticality of maximising Ghana’s hydrocarbon assets, accentuating his conviction in the synergy between GNPC and Springfield to not only bolster unitisation efforts but also to amplify the nation’s reserves.
He emphasised the urgent necessity for Ghana to fully exploit all potential resources, including stranded gas to fortify the nation’s energy security and fortify its developmental trajectory.
In response, Edward Bawa commended Springfield’s pivotal role as an indigenous Ghanaian operator, acknowledging the company’s significance in the nation’s upstream petroleum domain.
Source: https://energynewsafrica.com Egypt To Host International Youth Forum On Sustainable Nuclear Technologies
The city of Alexandria, Egypt, will host the International Youth Forum for Sustainable Nuclear Technologies from February 25 to 27, 2025.
Organized by the Nuclear Power Plants Authority (NPPA) of Egypt, in partnership with the Russian State Atomic Energy Corporation, Rosatom, the forum aims to highlight the role of nuclear technologies in promoting sustainable development.
The event will showcase the El Dabaa nuclear power plant’s contributions to economic growth and a low-carbon future in the region. The forum will provide a collaborative platform for 300 young professionals, students, and global leaders to share knowledge and ideas.
It will offer them a platform to showcase innovative research, explore career opportunities, and participate in workshops focused on green and sustainable energy transition.
The event will commence with a high-level plenary session, “Nuclear Technologies for Humanity,” featuring government officials, nuclear industry executives, and sustainability experts. They will share insights into the latest global advancements and challenges in nuclear technologies.
This will be followed by thematic discussions on Non-Energy Nuclear Applications, exploring how nuclear technologies impact various industries and improve the quality of life for modern societies.
“We believe that nuclear technologies create a variety of opportunities for Egyptian youth to grow, unleash their potential and make career choices. The El Dabaa NPP is indeed a flagship project for our country and is our contribution to a clean and sustainable future for younger generations. That is the reason why we host the International Youth Forum for Sustainable Nuclear Technologies in Alexandria, two hours away from the future NPP, to discuss with young professionals and students how nuclear technologies will evolve and impact the future,” said Dr. Mohammed Dwiddar, Board Chairman of the Nuclear Power Plants Authority of Egypt.
“In 2025, we celebrate 80 years of advanced nuclear knowledge and innovations. Rosatom is proud to share with Egypt this experience in constructing the El Dabaa NPP and educating the next generation of highly qualified professionals. We believe that the International Youth Forum in Alexandria will bring together young people from Egypt and many other countries to discuss the sustainable mission of nuclear technologies and our privileged cooperation,” stated Dr. Andrei Petrov, President of ASE JSC (a part of Rosatom group).
The El Dabaa Nuclear Power Plant (NPP), with an installed capacity of approximately 4.8 GW, will become the second nuclear power plant in Africa, after South Africa’s Koeberg, which generates 1.8 GW of electricity. Notably, Koeberg’s first reactor received a 20-year license extension in July 2024, with a decision on the second unit expected in 2025.
In recent years, African nations have been strengthening their nuclear capabilities through partnerships with international organizations, including Rosatom. These collaborations aim to drive economic growth and ensure long-term energy security. For instance, in November 2024, South Africa’s AllWeld Nuclear and Industrial signed a cooperation agreement with Rosatom’s TVEL on decommissioning and radioactive waste management during the African Energy Week in Cape Town. Earlier, in August 2023, the South African Nuclear Energy Corporation (Necsa) established a framework agreement with TVEL to collaborate on nuclear fuel production.
To participate in the Forum, please submit your application on the Mission Impact website by February 20, 2025
Source: https://energynewsafrica.com
Trump’s Aid Review Is A Win For Africa – Nations Must Reject Aid And Handouts That Undermine African Oil & Gas (Article)
After President Trump announced a 90-day overseas spending freeze, Secretary of State Marco Rubio said “every dollar” must be “justified” by evidence that it makes the US safer, stronger and more prosperous.
I acknowledge that stance may sound ungrateful. At first blush, many might counter that starving people have no agenda. Destitute parents still need to feed their children. Turning a blind eye to their plight is inhumane.
Let me explain why the African Energy Chamber (AEC) continues to push for free-market solutions rather than good-will handouts from USAID. There was an era when Africa and Western pop music were closely linked.
Western entertainers spearheaded a number of internationally renowned events to raise awareness about the plight of starving Africans and generate funds for famine relief.
In December 1984, the supergroup Band Aid sang about feeding the world, asking “Do They Know it’s Christmas?” Within a year, the group had raised over $9 million. Three months later, USA for Africa released “We Are the World” and banked $44.5 million after one year for its African humanitarian fund. Then on a hot July day in 1985, the worldwide concert event Live Aid raised more than $150 million for famine relief in Africa.
These are just a handful of grand and noble gestures intended to lift Africa out of poverty. These famous events arguably raised both awareness and funds. Unfortunately, the efforts — and others like them — fall far short of making any real socioeconomic change. In fact, some argue that injecting monetary aid into Africa, time and time again, has actually done more harm than good.
History of ‘Help’
Even aid genuinely given to help Africa tends to do more harm than good.
Since 1960, more than $2.6 trillion has been pumped into Africa in the form of aid. From 1970 and 1998, when aid was at its peak, poverty actually rose alarmingly — from 11% to 66% — due in large part to this massive influx of foreign aid that counteracted its intended good.
Aid decreased long-term economic growth by fuelling systemic corruption, in which powerful aid recipients funnelled foreign funds into a personal stash instead of public investment. Many leaders realized that they no longer needed to invest in social programs for their constituents because of the revenues from foreign donors.
Large inflows of aid also caused higher inflation, hindering African nations’ international competitiveness in exporting. That resulted in diminishing the manufacturing sector – which is critical in helping developing economies grow — across the continent. And well-intentioned Westerners who saw the economic shrink just kept pouring more and more money at “the problem” — leading to a vicious cycle that furthered corruption and economic decline.
But here’s the kicker: The World Bank has admitted that 75% of the agricultural projects it implemented to help Africa failed. So why do they and other aid providers continue to fund these failing efforts?
Examples of Failure
Across the continent, we see example after example of failed aid projects, with agricultural projects routinely providing little or no benefit to African farmers.
In Mali, the U.S. Agency for International Development (USAID) injected $10 million into “Operation Mils Mopti” to increase grain production. The government imposed “official” prices on the grain, which forced farmers to sell their crops at these below-market rates and resulted in grain production falling by 80%.
USAID also spent $4 million to help livestock producers grow the number of cattle in the Bakel region from 11,200 to 25,000 — but ultimately only succeeded in increasing it by 882 head. Another $7 million was injected into the Sodespt region, but that investment managed to sell only 263 cattle and failed to sell any goats or sheep.
Then we see example after example of Westerners wastefully “helping” without any understanding of the local situation. Norwegian aid agencies built a fish-freezing plant to improve employment in northern Kenya — a region where the local people traditionally do not fish because of their semi-nomadic pastoralist lifestyle. Couple the lack of fishing experience with the unfortunate reality that the plant required more power than was available in the entire region, and the result was that the brand-new processing plant sat idle.
The World Bank financed a $10+ million expansion of Tanzania’s cashew-processing capabilities, which resulted in 11 factories with the capacity to process three times as many cashews as the country was growing on a yearly basis. The plants were too efficient for the available workforce and cost so much to run that it was cheaper to process the raw nuts in India. Half the plants were inoperable, and the other half only ran at about 20% capacity.
I’m not saying that we Africans are ungrateful for the outpouring of heartfelt care. The compassion of the West is certainly real. However, the outcome of said compassion is the concern: The more foreign aid African governments receive, the worse they perform. As long as the aid keeps flowing, government leaders and their employees who administer development programs may prosper while the rest of the citizenry continues to suffer the effects of a mismanaged economy.
Questionable Benefits
We also must acknowledge that, in far too many cases, aid has also been given to African nations and communities in attempts to manipulate and control.
“While hungry faces are used on posters and in media reports to sell the virtues of foreign aid, it is the hungry who rarely see any of the funds,” James Peron, executive director of the Institute for Liberal Values in Johannesburg, South Africa, lamented in a piece for the Foundation for Economic Education. “Poverty may be used to justify the programs, but the aid is almost always given in the form of government-to-government transfers. And once the aid is in the hands of the state it is used for purposes conducive to the ruling regime’s own purposes.”
And now we witness the international community talking about aid for African countries as a substitute for our oil and gas activities. Western environmentalists argue that Africa should keep all of its petroleum resources in the ground to prevent further climate change. In exchange for that sacrifice, African nations would be compensated and inject that money into other opportunities like developing their sustainable energy technologies.
I’ve said it before, and I’ll say it again: What a horrible idea!
I‘m offended by foreign stakeholders feeling that providing humanitarian assistance gives them the right to influence our domestic decisions. With Africa poised to participate in the worldwide energy transition, my fear is that international donors will feel justified to dictate Africa’s policy regarding the lengths to which, and speed with which, our energy transition occurs. This would be a huge step backward in our energy, economic, and even individual independence.
Aid packages to incentivize giving up our oil and gas operations will be detrimental to Africans. Because let’s be honest: History has shown that this assistance could never replace the oil and gas industry’s ability to create jobs and business opportunities, grow local capacity, open the door to technology sharing, facilitate economic growth, and alleviate energy poverty.
Instead of continuing a pattern that clearly does more harm than good, why aren’t African nations encouraged to leverage the wealth of resources at our feet?
The AEC is determined to make a case for African nations harnessing their oil and gas solutions to help themselves. We will not be bullied, or manipulated with aid, into a path that is not in our best interests.
Use What We Have!
One reason why the AEC is an outspoken advocate for Africa’s oil and gas industry is because it represents more than big revenue for African governments. It is a free-market solution that creates pathways for Africans to help themselves. And, ultimately, empowering Africans is our number one goal.
We endorse an energy mix approach that allows Africa to use and sell our own hydrocarbon reserves to alleviate energy poverty, while at the same time moving toward a future in which renewable energy sources power the continent. The energy mix method can help more people more quickly because it takes a practical, people-first approach to helping those who have traditionally been left behind by the energy sector, while moving us toward greener energy sources.
Natural gas, in particular, can transform African lives and communities. Its potential benefits range from eradicating energy poverty to allowing Africans to develop skills for good jobs to creating hope for our youth.
Ramping up gas production to help alleviate the lack of access to electricity will create thousands of new employment opportunities in Africa. In addition, the new sources of energy can be exported to Western countries and also used to industrialized Africa. Then, as Europe transitions to alternative energy, a larger portion of Africa’s natural gas can power domestic needs. By the time other countries complete their transitions to carbon-neutral sources, Africa will have a much more expansive and reliable grid system, which will allow for an easier transition.
And before we argue about the evils of hydrocarbons, let me point out that, although it might seem counterintuitive, it is possible for Africa to make use of its abundant fossil fuels while moving toward a future sustained by renewable energy sources. In fact, I believe that African nations must do everything they can to ensure that these two things work in tandem. Considering that 600 million people on the continent have no access to electricity and 900 million people lack access to clean cooking technologies, it’s impossible — if not altogether inhumane — to discuss climate change without looking at energy poverty.
As I recently wrote in an article published by Medium, we cannot transition from the dark to the dark. We must deliver energy to the people of Africa and then worry about transitioning to environmentally friendly alternatives, just like we have everywhere else in the world.
This has been our platform, and we will continue to stand by it in 2025 and beyond. Looking at Africa and only pushing for aid is not in the interest of the everyday Africans. It caters to the egos of the elites and latte intellectuals who believe they have the solutions to why the continent is still poor.
By: NJ Ayuk, Executive Chairman, African Energy Chamber (wwwEnergyChamber.org).
Ghana: NEDCo Appoints John Yamoah As New Acting MD
The Northern Electricity Distribution Company (NEDCo) has announced the appointment of Ing John Okine Yamoah as its new Acting Managing Director.
Before his appointment, Ing John Okine Yamoah was the Director of Network Operations at NEDCo.
He replaces Osman Ayuba, who served as the Managing Director of NEDCo from 2019 to February 2025.
The appointment of Ing John Okine Yamoah was contained in a statement issued by the Communications Unit of NEDCo.
His appoitment has been welcomed by the staff union of NEDCo.
Source: https://energynewsafrica.com
Source: https://energynewsafrica.com Nigeria: Kaduna Electric Union Shuts Down Operations…Leaving 20 Million Residents Without Power For Nearly 5 Days
Nearly 20 million residents of Kaduna, Kebbi, Sokoto, and Zamfara states in Nigeria have been without electricity for the past four days.
This is due to the shutdown of Kaduna Electric, the power distribution company serving these states, by union members who have taken an unyielding stance.
Their action is crippling businesses and affecting healthcare delivery in some areas.
The workers union shut down the operations of the company on Monday, 3rd February 2025, and they have since refused to restore power supply to the four states.
A statement issued by Abdulazeez Abdullahi, Head, Corporate Communications at Kaduna Electric, explained that several attempts by stakeholders to get the workers to rescind their action have been futile.
He mentioned that there was a mediation session, led by Senior Advocate of Nigeria, Sani Katu, and attended by the Kaduna State Attorney General, Sule Shu’aibu SAN, to resolve the impasse.
Surprisingly, he said the union representatives introduced new and unreasonable demands as conditions for restoring power. He said this resulted in a deadlock.
“This development contradicted their earlier assurance to the Kaduna State Government that power would be restored as negotiations progressed,” he pointed out.
Although the issue is not fully resolved, Abdulazeez Abdullahi expressed the gratitude of the board and management of Kaduna Electric for the intervention of Her Excellency, and other stakeholders in this regard.
“The company remains committed to resolving the issue through dialogue, while also exploring measures to alleviate the suffering of millions of our customers and ensuring a long-term sustainability of our operations,” he concluded.
Source: https://energynewsafrica.com


