LATEST ARTICLES

Ghana: Power Generation Falls 3.99% In July, PURC Urges Renewable Investment

Michael Creg Afful
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Ghana: Power Generation Falls 3.99% In July, PURC Urges Renewable Investment
Ghana’s total electricity generation fell 3.99% month-on-month to 2,317.13 gigawatt-hours (GWh) in July 2026, although output was 6.20% higher than a year earlier, according to the July electricity supply fact sheet published by the Public Utilities Regulatory Commission (PURC). The monthly decline was attributed to seasonal changes in demand, including lower electricity consumption due to improved weather conditions, the regulator said. Despite the monthly decline, thermal power remained the dominant source of electricity generation, accounting for 74.33% of total output, while hydropower and solar generation jointly contributed the remaining 25.67%. The continued dominance of thermal generation means fuel availability and the performance of thermal plants remain critical to the reliability of Ghana’s electricity supply, PURC said. The document showed that Ghana’s national electricity system recorded peak demand of 3,968 megawatts (MW) in July, down from the annual peak demand recorded in April. However, peak demand was 6.61% higher than in July 2025, indicating continued underlying growth in electricity demand. Installed generation capacity stood at 5,818 MW at the end of July, while dependable capacity was 4,968 MW. The power system recorded a reserve margin of 24.82% in July, above the 18% system adequacy benchmark. This indicated that dependable generation capacity was sufficient to meet peak demand while providing additional flexibility to manage unexpected system contingencies, PURC said. Ghana also strengthened its position as a net electricity exporter in July, with exports increasing while imports made only a minimal contribution. PURC said the stronger net-export position reflected sufficient dependable generation capacity and a reserve margin above the system adequacy benchmark. However, the regulator cautioned that Ghana would need to maintain system efficiency and invest in cross-border infrastructure to ensure regional electricity supply commitments do not undermine domestic power security. Natural gas consumption by Ghana’s thermal power plants reached 14.79 million million British thermal units (MMBtu) in July, representing a 9.25% increase from July 2025. Gas consumption nevertheless fell 17.06% from June 2026, reflecting a short-term moderation despite the power sector’s continued dependence on gas-fired thermal generation. The document showed that Eni remained Ghana’s largest gas supplier during the month, providing an average flow of 276.36 million standard cubic feet per day (MMSCFD). Takoradi and Tema were the largest gas consumption centres, using 163.49 MMSCFD and 147.44 MMSCFD, respectively, and together accounting for the bulk of gas consumed for thermal power generation. PURC said Ghana’s continued reliance on thermal generation exposes the electricity sector to fuel price volatility, foreign exchange pressures, fuel supply risks and higher generation costs. It recommended accelerating investment in renewable energy to reduce the sector’s exposure to those risks and improve the long-term sustainability of electricity supply. The regulator also called for continued investment in dependable generation capacity, transmission infrastructure and demand-side management as electricity demand continues to rise. PURC further noted that reliance on heavy fuel oil for thermal generation underscored the need to expand access to natural gas, given the higher production costs associated with liquid fuels.

Saudi Arabia Shuts Critical Oil Pipeline After Drone Attack From Iraq

Michael Creg Afful
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Saudi Arabia Shuts Critical Oil Pipeline After Drone Attack From Iraq
Saudi Arabia has closed a critical oil pipeline after it was attacked by drones launched from Iraq, as the conflict in the Middle East widens, the BBC reported. Saudi Arabia has previously accused Iran-backed militias in Iraq of targeting its oil facilities. The 1,200-km (745-mile) East-West pipeline allows Saudi Arabia, the world’s largest crude oil exporter, to bypass the Strait of Hormuz. The incident comes amid a major advance by the Iran-backed Houthi rebels in Yemen, putting further pressure on global oil shipping routes as the US-Iran war enters its seventh month. On Friday, Yemen’s Saudi-backed government forces said they had struck Houthi fighters in the strategic coastal city of Mokha, a day after the Houthis seized control of the entire Red Sea coast. Saudi Arabia said on Friday it had shut the pipeline as a precaution, as satellite images showing scorched ground and smoke near the site emerged. The Saudi foreign ministry said the attack caused some injuries and damage, which was still being assessed. The pipeline has been carrying between 4% and 5% of global oil supply, Reuters reported, citing ship-tracking companies and analysts. Saudi Arabia has decided not to retaliate for now, its foreign ministry said, following a call from Iraq’s prime minister. The ministry said the kingdom would “support the efforts of the Iraqi government” to “prevent attacks” launched from Iraq against neighbouring states. “The Kingdom of Saudi Arabia affirms that it reserves its right to take all necessary measures to safeguard its sovereignty and security, protect its facilities, and ensure the safety of its citizens and residents,” the statement said. The Iraqi prime minister’s office said the operations commander in Maysan governorate, a province bordering Iran, had been removed from his post after it was confirmed that the drone attack had been launched from the region. Saudi Arabia has previously carried out strikes alongside the United States against Iran-backed militias in Iraq after accusing the groups of launching drones from Iraqi territory at oil facilities. The Gulf Cooperation Council (GCC), which comprises Saudi Arabia, the United Arab Emirates, Bahrain, Oman, Qatar and Kuwait, also condemned the attack. “This attack represents a dangerous escalation and an unacceptable threat to the security of the Kingdom of Saudi Arabia, its territorial integrity, and its vital installations, as well as a flagrant violation of the principles of international law,” GCC Secretary-General Jasem Mohamed Albudaiwi said.  

Ghana: NPP Warns Fuel Price Relief Could Trigger New Energy Debt Crisis

Michael Creg Afful
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Ghana: NPP Warns Fuel Price Relief Could Trigger New Energy Debt Crisis
Ghana’s main opposition New Patriotic Party (NPP) has warned that the government’s suspension of statutory margins supporting key institutions in the petroleum downstream sector could create another debt crisis if the policy continues. The NPP said it supported measures to cushion consumers from higher fuel prices caused by the conflict in the Gulf region, but opposed funding such relief by withholding revenue from institutions in the downstream sector while keeping government taxes and levies on petroleum products unchanged. “What we do not endorse is accumulating significant debt in the downstream energy sector by depriving it of the revenue it needs to function while keeping every Government tax and levy on petroleum products in place and passing this off as relief when the opposite is in fact the case,” the party said in a statement issued on Friday. The NPP’s Policy Committee on Energy said the government’s GH¢2-per-litre intervention on diesel, introduced a few months ago, had been financed through the suspension of statutory margins allocated to key downstream institutions. The party estimated that the measure was costing the sector more than GH¢500 million ($45.2 million) a month, rising to nearly GH¢683 million when the implied support to the Unified Petroleum Price Fund (UPPF) was included. The NPP said GH¢2.076 billion had already been withheld from the Bulk Oil Storage and Transportation Company (BOST), distributors, fuel markers and the UPPF in April, May, August and September. “None of it has been replaced. It is being converted, quietly, into deferred maintenance, supplier arrears and institutional borrowing,” said the statement, signed by Kojo Oppong Nkrumah, chairman of the NPP Policy Co-ordination Committee. The party said the resulting obligations could eventually become public debt. “Government is accumulating debt to BOST and other key players under the guise of ‘intervention’,” it said. The NPP also warned that a further rise in international crude oil prices could make the intervention increasingly expensive, potentially pushing diesel prices above GH¢18 per litre even with the GH¢2 relief in place. It said pricing data for Sept. 16-30 showed crude oil rising from $92.11 to $98.18 a barrel, an increase of 6.59%, while international petrol prices rose 14.57%, diesel prices increased 4.85% and liquefied petroleum gas (LPG) rose 13.47%. The party also said the cedi weakened to GH¢11.50 per dollar from GH¢11.40. “Diesel already sells in the GH¢17-plus range at the major OMCs,” the NPP said, referring to oil marketing companies. “Applying the next-window movements—international diesel up 4.85% and cedi down 0.88%—to current ex-pump prices, a diesel price north of GH¢18 per litre is entirely plausible even with the GH¢2 intervention in place.” The party said Ghana had no control over when the conflict in the Middle East would end and questioned how long the government could sustain the intervention. “If crude moves well above US$100 a barrel, does the subsidy become GH¢3, or GH¢4? Where does it end?” it asked. The NPP urged the government to restore the suspended statutory margins and suspend taxes and levies on fuel for the duration of the crisis. “Restore the statutory margins it has raided, stop digging a GH¢600 million monthly hole in the petroleum downstream that Ghanaians will otherwise repay as a new round of energy sector debt, and suspend the taxes and levies it collects on every litre of fuel for the duration of this crisis,” the party said.  

Sasol, Enaex Africa Sign Agreement For Sale Of Sasol’s Nitrates Business

Michael Creg Afful
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South African integrated energy company Sasol has entered into an agreement with Enaex Africa to sell its Nitrates business, which includes primary ammonia conversion plants in Secunda and Sasolburg that convert ammonia into feedstock for the fertiliser and explosives markets. The proposed transaction is expected to be value-accretive to Sasol’s South African portfolio and supports the company’s portfolio optimisation strategy. Sasol will retain a 23% stake in the joint venture, while Enaex Africa will become the majority partner. Enaex Africa is part of global explosives and blasting solutions provider Enaex Group, which has more than 100 years of experience in the mining industry and serves customers across multiple markets worldwide. The transaction builds on a partnership between Sasol and Enaex Africa that began in 2020, while allowing Sasol to focus on its strategic priorities. Sasol and Enaex Africa said they would work closely together to ensure a smooth transition for employees, customers, suppliers and other stakeholders. The transaction remains subject to the necessary regulatory approvals before it can be implemented. The companies said they would provide further updates once the required approvals have been obtained and the transaction reaches the implementation stage. “This transaction is an important step in delivering our portfolio optimisation strategy,” Sasol President and Chief Executive Officer Simon Baloyi said. “We are confident that Enaex Africa is well positioned to support the future growth of the Nitrates business, given its industry expertise, market access and strategic focus.” “Throughout this process, our priority remains the wellbeing of our employees, maintaining business continuity and ensuring a responsible transition for all stakeholders. We look forward to the next stage of this successful partnership,” Baloyi said. Enaex Africa Chief Executive Officer Francisco Baudrand said the transaction marked “the next chapter” in the company’s partnership with Sasol. “Bringing these capabilities into our business will strengthen our value chain, enhance security of supply and further improve how we serve our customers,” Baudrand said. “We look forward to building on the strong foundation we have established and taking the partnership into its next phase.”

Shell Sells RISEC Stake For $715 Mln, Buys Pennsylvania Power Plant

Michael Creg Afful
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Shell Energy North America (US), L.P. (SENA), a subsidiary of Shell Plc, has agreed to acquire 100% of Hunlock Creek Generating LLC, which owns 169 megawatts (MW) of natural gas-fired generation capacity in Pennsylvania, while selling its interests in RISEC Holdings LLC to Constellation Energy Generation LLC for $715 million. RISEC owns a 609-MW, two-unit combined-cycle gas turbine power plant serving the New England power market. The transactions are part of Shell’s ongoing management of its U.S. power portfolio, the company said. “These transactions reflect our dynamic approach to managing our trading portfolio,” Andrew Smith, Shell’s president of Trading & Supply, said. “We selectively invest in assets that strengthen our market position and create value, while remaining ready to realize value when market conditions present attractive opportunities,” he added. The acquisition of Hunlock will strengthen Shell’s position in the PJM power market and secure supply and capacity offtake for SENA in the Mid-Atlantic power grid operated by PJM Interconnection, the largest wholesale electricity market and grid operator in the United States, Shell said. Hunlock and its subsidiary own 169 MW of natural gas-fired generation capacity in Pennsylvania. The asset will give SENA access to flexible gas-fired generation and complement its power trading activities, the company said. Shell said the sale of RISEC will allow it to realize value from the asset on an accelerated timeline. SENA’s earlier acquisition of RISEC provided continued access to the plant’s capacity and associated trading opportunities, allowing the company to generate value through its asset-backed trading portfolio, Shell said. The sale will bring forward returns that Shell had expected to generate through longer-term ownership of the asset, resulting in a significant gain on the transaction, the company said. Both transactions are subject to regulatory approvals and are expected to close in the first quarter of 2027.

Zambia: ZESCO Signs Mou With Zaango Aspin For 600 MW Gas-Fired Power Project

Michael Creg Afful
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Zambia: ZESCO Signs Mou With Zaango Aspin For 600 MW Gas-Fired Power Project
Zambia’s state-owned power utility ZESCO Limited has signed a memorandum of understanding (MoU) with Zaango Aspin Limited for the development of a 600-megawatt (MW) gas-fired power plant. The agreement was signed in Lusaka by ZESCO Acting Managing Director Fitzpatrick Kapepe and Zaango Aspin Group Chief Executive Officer Emilio Palu Matumbi. Kapepe said the agreement would help ZESCO increase generation capacity and improve the reliability of electricity supply as demand grows. “ZESCO will continue to work with independent power producers (IPPs) to accelerate investment in new generation projects to meet the country’s growing electricity demand,” he said. Matumbi welcomed government efforts to attract private investment into Zambia’s energy sector and said Zaango Aspin was committed to supporting the country’s power industry. “We thank the government for creating an environment that gives investors the confidence to come to Zambia and invest in the energy sector,” he said. The agreement comes as Zambia seeks to expand electricity generation to support economic growth and reduce power supply constraints. President Hakainde Hichilema’s second-term economic programme includes a target of increasing Zambia’s electricity generation capacity to 10,000 MW over the next five years. ZESCO has been seeking greater participation from independent power producers as the country works to expand and diversify its power generation capacity. Once developed, the 600 MW gas-fired project is expected to add to Zambia’s electricity supply and support demand from households, businesses and industry.

PETRONAS Awards Estuary PSC, Hands Over Seismic Data For Mutiara Cluster

Inusah Musah
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PETRONAS Awards Estuary PSC, Hands Over Seismic Data For Mutiara Cluster
Malaysia’s state oil company PETRONAS has awarded a production sharing contract for the Estuary Cluster and handed over enhanced 3D seismic data for the Mutiara Cluster as it seeks to accelerate development of marginal oil and gas resources. Malaysia Petroleum Management (MPM), PETRONAS’ upstream business unit, awarded the Small Field Asset Production Sharing Contract (SFA PSC) for the Estuary Cluster to Harvester Energy (Malaysia) Sdn Bhd, a wholly owned subsidiary of Australia’s Harvester Energy Pty Ltd. The Estuary Cluster comprises the Lerek, Korbu and Diwangsa fields in the Malay Basin, offshore Peninsular Malaysia. The cluster will use a shallow-water subsea development concept aimed at reducing capital expenditure and accelerating production, PETRONAS said in a statement. “The award of the Estuary Cluster PSC reflects PETRONAS’ continued focus on unlocking Malaysia’s discovered resources through innovative and fit-for-purpose development solutions,” said Bacho Pilong, senior vice president of MPM. The award marks Harvester’s entry into Malaysia’s upstream sector, PETRONAS said. The cluster was offered through Malaysia Bid Round Plus (MBR+), which provides year-round access to selected upstream opportunities, alongside the annual Malaysia Bid Round. Separately, MPM has handed over an enhanced 3D seismic dataset to DIALOG Resources Sdn Bhd for the Mutiara Cluster, located off the east coast of Sabah in the Sandakan Basin. The data is expected to help DIALOG assess the cluster’s resources and support development planning, PETRONAS said. The Mutiara Cluster comprises five discovered marginal oil and gas fields: Nymphe, Nymphe North, Kuda Terbang, Benrinnes and Mutiara Hitam. DIALOG was awarded an SFA PSC for the cluster during Malaysia Bid Round 2025, with first production targeted for 2029, PETRONAS said. The company said efforts were also under way to optimise project costs and accelerate first gas, with DIALOG working with Sabah state agencies on development plans. “The delivery of this enhanced dataset marks an important milestone for the Sandakan Basin,” Pilong said, adding that the improved seismic imaging would help DIALOG evaluate the cluster’s resources. PETRONAS said the two initiatives were part of its efforts to widen investment opportunities and accelerate the development of discovered oil and gas resources in Malaysia.

Nigeria: NNPCL To Deploy Up To 70 Smart Fuel Stations

Michael Creg Afful
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Nigeria: NNPCL To Deploy Up To 70 Smart Fuel Stations
Nigeria’s state oil company NNPC Ltd. plans to roll out between 50 and 70 smart, self-service fuelling stations across the country within the next six months, its downstream executive said on Thursday. The stations will offer a range of energy and retail services, including petrol, gas, electricity and electric vehicle (EV) charging, as NNPC seeks to modernise its retail network. Mumuni Dagazau, NNPC’s executive vice president for downstream, spoke at the commissioning of the company’s first smart mega fuelling station in Abuja. He said four or five similar stations were planned for Abuja, while two others would be inaugurated in Kano. “We are hoping to roll out a significant number, between 50 and 70 of these types of stations within the next six months,” Dagazau said. The Abuja facility has storage capacity for 180,000 litres of Premium Motor Spirit (PMS), commonly known as petrol, and 45,000 litres of Automotive Gas Oil (AGO), or diesel. It has 16 petrol pumps and two diesel dispensing pumps. The station offers self-service fuel dispensing, EV charging, gas dispensing, an automated car wash and vehicle servicing. Customers will be able to use NNPC Retail’s mobile application to access services and make payments, Dagazau said. The stations will also be accessible at night, allowing customers to dispense fuel themselves or charge EVs. The facility is equipped with fast EV chargers that can fully charge a vehicle in 30 to 40 minutes, depending on the vehicle and battery level, he said. The stations will also offer liquefied petroleum gas (LPG), compressed natural gas (CNG) and lubricant services, among other services. NNPC plans to modernise some existing stations as part of the rollout, while new facilities will be built based on customer demand, Dagazau said. He said the shift towards automation would not eliminate jobs, as staff would still be needed to assist customers, support EV charging and operate the new services. “What we are doing is creating jobs. Somebody has to support the integration and automation, while personnel are also needed to support customers using the EV facilities,” he said. Customers will need the NNPC Retail application to use the self-service facility, although staff will assist those unable to operate the application, Dagazau said. The Abuja station is powered by solar energy, and NNPC is considering wider use of renewable energy across its retail network, he said.

Ghana: Planet One Targets October 2026 Spud For Nyanyanu-1X Well

Michael Creg Afful
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Ghana: Planet One Targets October 2026 Spud For Nyanyanu-1X Well
Planet One Energy, operator of the Deepwater Cape Three Points (DWCTP) block offshore Ghana, plans to begin drilling the Nyanyanu-1X exploration well in October 2026, a company official said. The London-based company is targeting October for the spudding of the well, which it described as an important milestone in its efforts to explore and develop Ghana’s petroleum resources. “Planet One has done the work. We’ve matured the opportunity, we’ve secured the rig. Now we are ready to drill,” Doreen Addotei, a geologist at Planet One, said at the Africa Oil Week 2026 conference in Accra. Planet One was selected in 2023 by GOIl Upstream Ltd. to operate the DWCTP block after U.S. oil major ExxonMobil relinquished its interest in the block in May 2021. Planet One operates the block in partnership with Ghana National Petroleum Corporation (GNPC) and GOIL Upstream Petroleum. Planet One holds a 75% participating interest in the block, while GNPC holds 15% and GOIL Upstream Petroleum holds the remaining 10%.  

Ghana: BOSTLA Celebrates A Decade Of Excellence: A Landmark 10th Anniversary Milestone

Peter Adofo Asante
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Ghana: BOSTLA Celebrates A Decade Of Excellence: A Landmark 10th Anniversary Milestone
The BOSTenergies Ladies Association (BOSTLA), the corporate women’s arm of BOST Energies Limited, has successfully concluded its landmark 10th Anniversary celebrations, marking ten years of advancing female empowerment, workplace advocacy, community impact, and corporate excellence. Officially launched on August 10, 2026, and culminating in a grand Gala Night on September 5, 2026, the multi-event celebration was held under the theme, “A Decade of Excellence: Honouring the Foundation, Inspiring the Next Generation.” Bringing together members, past and present, the milestone celebration served as a flagship gathering for gratitude, reflection, and a renewed commitment to the Association’s mission. Interactive Panel Discussion Deepening the intellectual engagement of the anniversary programme, a high-level panel discussion was held featuring the Patrons and Matrons of the Association. The session explored critical issues surrounding workplace equality, career sustainability, and strategies for mentoring and preparing the next generation. Side Hustle Display Empowering members beyond their corporate roles, a dedicated exhibition provided a platform for BOSTLA members to showcase and market their entrepreneurial ventures, artisanal products, and personal business projects. Corporate Food Bazaar & Inter-Departmental Culinary Showdown Organised in partnership with Nestlé Ghana, the festivities featured an engaging cooking competition designed to foster teamwork, healthy living, and camaraderie across BOSTenergies departments. Supported by industry experts from Hausa Cuisine and celebrity judge Hon. James Gardiner, the competition showcased remarkable culinary talent while promoting staff unity and collaboration. Thanksgiving & Anniversary Durbar Honouring its journey, BOSTLA hosted a grand Thanksgiving and Anniversary Durbar Ceremony at the BOSTenergies Head Office. The ceremony was graced by Ms. Shamima Muslim, Deputy Presidential Spokesperson, who delivered a powerful keynote address centred on workplace gender equity, policy frameworks that champion the cause of women, and the systemic advancements needed to ensure equal opportunities. Ms. Linda Ampah attended as a Special Guest and delivered an inspiring message, encouraging members to embrace leadership and personal development. Adding rich traditional colour and heritage to the occasion, the durbar featured Nii Kofi Otuadan III and the Ga Delegation, who delivered an uplifting cultural message amid vibrant traditional performances. Demonstrating strong inter-corporate sisterhood and unity across the energy sector, solidarity messages were delivered at the durbar by sister associations, including PELA (Petroleum Commission), Power Queens (ECG), NAPET Ladies (NPA), and GAS Ladies (Ghana Gas). Grand Black-Tie Gala Dinner The anniversary celebrations culminated in a stunning Black-Tie Gala on September 5, 2026. Beginning with red-carpet glamour and welcome cocktails, the evening featured instrumental music, a high-energy comedy interlude, a documentary screening titled “BOSTLA: Celebrating 10 Years of Impact,” and the Association’s legacy project drive. A central moment of the Gala was the presentation of Citations of Honour, celebrating the vision and contributions of the pioneer founders, past executives, and current leaders who have steered the Association’s growth, including BOSTLA President Beatrice Amofa Boateng. Throughout the closing ceremonies, the Executive Committee and entire membership of BOSTLA expressed their deep appreciation to the Managing Director, Mr. Afetsi Awoonor. Without the MD’s steadfast endorsement and commitment to workplace equity and organisational excellence, a celebration of this magnitude and impact would not have been possible. In her keynote address, BOSTLA President Beatrice Amofa Boateng dedicated a major portion of her speech to acknowledging the Managing Director’s transformative support: “This decade has proven what happens when corporate women unite with a shared purpose and enjoy strong backing from our Managing Director. His support has not only powered these anniversary events but has permanently elevated the stature of women across BOSTenergies. As we celebrate our foundation tonight, we stand on a solid launchpad to inspire and pave the path for the next generation,” remarked Boateng. With ten years of impactful advocacy, professional development, workplace equity, and community impact now recorded in its history books, BOSTLA enters its second decade with renewed vigour, setting new benchmarks for female corporate leadership in Ghana.        

Senegal To Put 109 Oil And Gas Blocks On Market-Diouf

Michael Creg Afful
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Senegal plans to offer 109 oil and gas blocks to local and foreign investors, Energy and Petroleum Minister El Hadji Abdourahmane Diouf said, according to Oilprice.com, citing Reuters. Only four of Senegal’s 113 oil and gas blocks have so far been awarded under contracts, Diouf said. “The remaining 109 will be put on the market,” the minister said, according to Reuters. “The president’s plan is to create local leaders in the energy, oil and gas sectors,” Diouf added. Several oil and gas discoveries offshore Senegal over the past decade have helped kick-start the country’s petroleum industry. Senegal launched its first oil project in 2024 and began LNG exports a year later from a gas project developed jointly with Mauritania. The start-up of Senegal’s first oil project in 2024 helped drive economic growth to a record high. Australia-based Woodside Energy achieved first oil from the Sangomar oil project in June 2024. The Sangomar Field Development Phase 1 is a deepwater project that includes a floating production, storage and offloading (FPSO) facility with a nameplate capacity of 100,000 barrels per day (bpd), along with subsea infrastructure designed to support subsequent development phases, Woodside said. “First oil from the Sangomar field marks a new era not only for our country’s industry and economy, but most importantly for our people,” Thierno Ly, general manager of Senegal’s national oil company Petrosen, said at the time. In 2025, BP, the operator of the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal, loaded its first LNG cargo for export. Phase 1 of GTA is expected to produce about 2.3 million metric tons of LNG per year, with the project expected to produce LNG for more than 20 years, BP said.  

Kenya Plans To Nearly Triple Power Generation Capacity In Seven Years

Michael Creg Afful
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Kenya Plans To Nearly Triple Power Generation Capacity In Seven Years
Kenya plans to increase electricity generation capacity to 10,000 megawatts from about 3,500 MW over the next seven years, President William Ruto said, according to The Star. Ruto said the planned expansion would create opportunities for investors in geothermal energy, power transmission, battery storage, industrial power, green hydrogen and electric mobility. “In the energy sector, we are expanding national generation capacity towards 10,000 MW over the next seven years,” he said. Speaking at the American Chamber of Commerce Business Summit, Ruto said the government could not deliver Kenya’s economic transformation alone and urged the private sector to provide capital, technology and expertise to complement public investment. “Government cannot deliver economic transformation alone. Our responsibility is to provide infrastructure, uphold predictable rules and create an enabling environment,” he said. “The private sector turns those foundations into factories, technologies, exports and jobs.” Ruto said partnerships with businesses were central to Kenya’s development agenda and not merely an optional component of economic transformation. “That is why our partnership with business is not incidental to Kenya’s transformation; it is indispensable,” he said. He urged U.S. and other international companies to view Kenya as more than a domestic market, citing its strategic position within regional and continental trade arrangements. “Do not look at Kenya simply as a market. Look at Kenya as your platform to a continent of 1.4 billion people,” Ruto said. “Produce here. Innovate here. Build your regional headquarters here and serve Africa from here.” Ruto said Kenya had already attracted major investments from U.S. companies, with American firms committing more than $600 million to new projects since the previous AmCham summit. He cited Oracle’s selection of Kenya for its first public cloud region in Africa, Coca-Cola’s $175 million investment and Mars Wrigley’s $103 million production line launched at Athi River. Ruto also said SC Johnson was establishing a new manufacturing plant to serve Kenya and other African markets. He welcomed interest from Ford in exploring investment opportunities in Kenya, linking the potential investment to his administration’s efforts to create jobs and increase local value addition.

Ghana: Petroleum Commission, Kosmos Sign Engineer Secondment Agreement

Michael Creg Afful
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Ghana: Petroleum Commission, Kosmos Sign Engineer Secondment Agreement
Ghana’s upstream petroleum regulator, the Petroleum Commission, and Kosmos Energy Ghana on Thursday signed an agreement to facilitate the secondment of some commission engineers to Kosmos Energy’s facility in Houston, Texas. The initiative is part of the commission’s efforts to build a skilled and technically competent workforce capable of regulating and supporting Ghana’s upstream petroleum industry, the commission said in a post on Facebook. The engineers will gain practical experience in international industry practices and specialised technical operations during the secondment, which the commission said would help strengthen its institutional capacity. The chief executive of the Petroleum Commission Victoria Emeafa Hardcastle and Senior Vice President and Head of Ghana Business at Kosmos Energy Joe Mensah said at the signing that the partnership would help build technical capacity and advance Ghana’s petroleum industry. The commission described the programme as an investment in Ghana’s technical capacity and the future of its upstream petroleum sector. The commission also commended Kosmos Energy Ghana for supporting the initiative.

Ghana Signs MoUs With Eni, Vitol For Two Offshore Oil Blocks

Michael Creg Afful
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Ghana Signs MoUs With Eni, Vitol For Two Offshore Oil Blocks
Ghana on Thursday signed two memoranda of understanding (MoUs) with Eni Ghana, Vitol Upstream Tano Ltd and the Ghana National Petroleum Corporation (GNPC) covering offshore acreages GH WB 3 and GH WB 8 in the Tano Basin, the energy ministry said in a statement. The MoUs were signed on behalf of the government by Energy and Green Transition Minister John Abdulai Jinapor. Representatives of Eni Ghana, Vitol Upstream Tano Ltd and GNPC also signed the agreements on behalf of their respective institutions. The agreements are part of efforts to unlock Ghana’s remaining hydrocarbon potential and attract fresh investment into the upstream sector, the ministry said. The two blocks cover about 2,100 square kilometres, with water depths ranging from 750 metres to 2,800 metres. The MoUs build on a memorandum of intent signed in 2025 that proposed an investment of $1.5 billion, the ministry said. The government said the latest development forms part of reforms being pursued under President John Dramani Mahama to create a more competitive, predictable and investment-friendly petroleum sector while ensuring the responsible development of the country’s natural resources. The proximity of the two acreages to existing producing fields and petroleum infrastructure is expected to allow investors to leverage Ghana’s established upstream ecosystem as exploration progresses, the ministry said. The government will continue to pursue reforms aimed at attracting investment and accelerating exploration and production while ensuring Ghana secures maximum and sustainable value from its hydrocarbon resources, it said.
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