Trending Now
[/tdc_zone]
LATEST ARTICLES
Kosmos Energy Completes $127m Sale Of Equatorial Guinea Assets To Panoro Energy
Kosmos Energy, a U.S.-based oil and gas company, has announced the completion of the sale of its interests in the Ceiba Field and Okume Complex production assets in Block G, offshore Equatorial Guinea, to Panoro Energy for approximately $127 million.
The company said it also expects future contingent payments of up to approximately $40 million, subject to certain oil price and production thresholds.
In a statement, Kosmos Energy said the proceeds from the transaction will be used to repay borrowings under the company’s reserves-based lending (RBL) credit facility.
Kosmos Energy Chairman and Chief Executive Officer, Andrew G. Inglis, said:
“We are pleased to have closed this transaction, a win-win for Kosmos and Panoro. For Kosmos, the transaction high-grades our portfolio by divesting high unit-operating-cost production and increases balance sheet resilience, while retaining exposure to future upside from the assets. Strategically, it also enables Kosmos to focus our capital and expertise on our world-class assets, where we can add the most value for our stakeholders over the long term. We would like to thank CEMAC and the Government of Equatorial Guinea for their timely approvals.”
To reflect the impact of the completed sale, Kosmos said it will provide updated full-year 2026 guidance with its second-quarter results in August.
The company added that year-to-date production from the assets has averaged around 5,800 barrels of oil per day net to Kosmos.
An asset retirement obligation liability of approximately $140 million will also be removed from the balance sheet.
NNPC, TotalEnergies Extend Methane Reduction Partnership For Two More Years
Nigeria’s national oil company, NNPC Limited, has renewed its partnership with TotalEnergies for another two years to expand the use of advanced drone-based technology aimed at detecting, measuring, and reducing methane emissions across its upstream operations as part of its decarbonisation and gas-flare reduction commitments.
The agreement, aimed at helping NNPC Ltd meet its gas-flare reduction obligations in line with its Oil & Gas Decarbonization Charter (OGDC) commitments, participation in the Oil & Gas Methane Partnership (OGMP) 2.0, and its near-zero methane emissions ambition by 2030, follows an earlier agreement signed in 2023 for the adoption of the AUSEA technology.
The agreement was signed by NNPC Ltd’s Executive Vice President, Upstream, Udy Ntia, and TotalEnergies Country Chair and Managing Director, Matthieu Bouyer, on behalf of their respective companies at the NNPC Towers in Abuja on Wednesday.
Speaking at the signing ceremony, Ntia expressed satisfaction with the first phase of the technology’s deployment, stressing that he would like to see it scaled across more assets.
“Today’s signing represents a practical step in NNPC Limited’s journey to build a credible, transparent, and action-oriented decarbonisation programme. Through the AUSEA initiative, we are strengthening our ability to detect, quantify, and prioritise methane abatement opportunities using advanced measurement technology,” Ntia said.
He also called for the institutionalisation of progress reporting in line with compliance requirements and highlighted the potential for technology transfer under the AUSEA programme.
On his part, TotalEnergies’ Senior Vice President for Africa, Mike Sangster, expressed satisfaction with the cooperation his company has enjoyed from NNPC over the years. He noted that TotalEnergies was the first oil-producing company in Nigeria to end gas flaring across all its assets and said the AUSEA technology had been instrumental in achieving that milestone, as the company works towards near-zero methane emissions by 2030.
AUSEA is a drone-based technology developed by TotalEnergies in partnership with the French National Centre for Scientific Research (CNRS) and the University of Reims.
The technology helps identify unaccounted emission sources, provides a basis for reviewing and improving existing emissions reporting processes, supplies data for evaluating operational systems and implementing corrective actions, and enables the estimation of flare combustion efficiency.Ukraine Hits Moscow Refinery As Zelenskyy Seeks Trump Support To End War
Ukrainian drones have hit a Moscow oil refinery for the second time this week while Russia fired missiles at Kyiv, as President Volodymyr Zelenskyy seeks support from the United States and Europe to reach a deal to end the war.
Russia’s Defence Ministry said on Thursday that its air defences shot down 555 Ukrainian drones over several regions overnight, with almost 200 intercepted as they approached the Russian capital.
Moscow Mayor Sergey Sobyanin said several drones struck an oil refinery.
“Air defence forces continue to repel a massive attack. Several drones managed to reach the Moscow oil refinery,” Sobyanin said, adding that a shopping centre also suffered minor damage.
The attack on the oil facility was the second this week. A drone strike on Tuesday halted operations at the refinery, according to the Reuters news agency, as widespread damage to Russian energy facilities worsens the country’s fuel crisis.
The regional governor said that, in the surrounding Moscow region, a high-rise residential building, an industrial facility, and a number of private houses were also damaged in the drone attack.
Sheremetyevo Airport, Moscow’s busiest, suspended flights and evacuated people, with several passengers seeking shelter in the car park, the airport said in a statement.
Kyiv, meanwhile, came under a second Russian air attack this week as ballistic missiles were launched at the Ukrainian capital, city officials said.
“The enemy is attacking the capital with ballistic missiles. Stay in safe places until the air raid alert is over!” Tymur Tkachenko, the head of Kyiv’s military administration, said in a Telegram post.
Authorities in the northeastern Ukrainian city of Sumy said one person was killed in a drone attack.
Al Jazeera’s Audrey MacAlpine said nine locations were hit after at least 239 drones and seven ballistic missiles were launched at Ukraine overnight.
“Ukraine says that it was able to intercept the majority of them,” she added.
Earlier this week, a major Russian attack on Kyiv killed 11 people and damaged a UNESCO-listed 1,000-year-old monastery, drawing condemnation from European leaders. Russia denied striking the monastery.
The attacks come as Zelenskyy works to pressure Russia into negotiating an end to its more than four-year-long war. Zelenskyy said he had spoken to US President Donald Trump, French President Emmanuel Macron, and other G7 leaders to coordinate efforts to end the war.
G7 leaders pledged to strengthen Ukraine’s air defences and increase pressure on Moscow’s war economy, including by tightening sanctions on Russia’s oil and gas sectors.
Trump told reporters he was “gonna do whatever I can” to end the war.
Zelenskyy said he received important commitments from the G7, including “more air defence missiles along with licences to produce them, and a winter support package.”
“Importantly, the US is ready to provide a backstop across these lines of effort,” Zelenskyy wrote on X. “It is key that everything discussed be implemented. Russia must learn that its war will never be normalised.”
Zambia: Korean Investors Explore Nuclear and Solar Energy Projects In Zambia
Korean investors represented by KS Eco Solutions Holdings Limited have expressed interest in investing in the development of nuclear power plants and solar energy projects in Zambia.
The group met with Permanent Secretary for Electricity, Arnold Simwaba, and his team of energy experts to discuss potential investments, including the establishment of nuclear power stations in Zambia.
Eng. Simwaba welcomed the proposed investment, noting that Zambia’s rapidly growing economy requires an expansion of energy sources to meet increasing demand.
Zambia currently generates about 4,000 megawatts of electricity and is targeting 10,000 megawatts to support the government’s ambition of producing three million tonnes of copper annually by 2030.
He added that while Zambia has recently placed significant focus on solar energy development, the country remains open to diversified investments that will strengthen long-term energy security.
Amb. Banda said discussions on Korean investments in Zambia’s energy sector had been ongoing for some time and expressed satisfaction that the engagements were now beginning to materialise.
He described South Korea as a reliable partner with proven expertise and a strong track record of delivering successful investment projects.
The proposed investments are expected to further deepen Zambia–Korea cooperation and contribute significantly to the country’s efforts to diversify and expand its electricity generation capacity.
UK Court Acquits Nigeria’s Former Petroleum Minister Diezani Of Bribery Charges
A London court on Wednesday acquitted former Nigerian Minister of Petroleum Resources, Diezani Alison-Madueke, of all six bribery charges brought against her by the UK’s National Crime Agency.
The former minister, who served under former President Goodluck Jonathan from 2010 to 2015, had been standing trial at Southwark Crown Court on five counts of accepting bribes and one count of conspiracy to commit bribery. Diezani Alison-Madueke denied all allegations throughout the proceedings.
According to a Reuters report, prosecutors alleged that between 2011 and 2015, Alison-Madueke received various benefits and enjoyed what they described as “a life of luxury” funded by oil and gas industry figures seeking favourable treatment and lucrative contracts in Nigeria.
The former minister, who also served as President of the Organisation of the Petroleum Exporting Countries (OPEC) in 2014, maintained that she neither accepted bribes nor exercised direct influence over the award of government oil and gas contracts.
According to Reuters, after deliberating for more than 46 hours, the jury returned unanimous not-guilty verdicts on all six counts against her.
The verdict marks a significant setback for British authorities, whose investigation into allegations of corruption involving Alison-Madueke began more than a decade ago.
Also acquitted were oil industry executive Olatimbo Ayinde and Alison-Madueke’s brother, Doye Agama.
Ayinde, 54, faced one count of bribery relating to Alison-Madueke and another count of bribing a foreign public official. Agama, 69, was charged with conspiracy to commit bribery in connection with payments allegedly made to his church.
Both men denied the allegations and were also cleared by the jury.
The acquittal brings to an end a high-profile corruption case that drew considerable attention in both the United Kingdom and Nigeria.
Alison-Madueke was formally charged by the NCA in August 2023 over allegations that she received illegal payments in exchange for approving oil and gas contracts worth millions of pounds while serving as Nigeria’s petroleum minister.
In October 2023, a UK court granted her bail of £70,000 after prosecutors argued that she posed a potential flight risk.
As part of the bail conditions, she was required to observe a nightly curfew, wear an electronic monitoring tag, and provide a £70,000 surety.
In January 2025, Nigeria and the United States signed an asset repatriation agreement covering $52.88 million in assets known as the Galactica assets, which authorities had previously linked to Alison-Madueke.
The agreement provided for the return of the funds to Nigeria for designated development projects.
Ghana Gas, NPA Reaffirm Commitment To Industry Growth
The Chief Executive Officer of Ghana National Gas Company Limited (Ghana Gas), Ms Judith Adjobah Blay, and her team on Tuesday, June 16, 2026, paid a courtesy call on the Chief Executive Officer of the National Petroleum Authority (NPA), Mr Godwin Kudzo Tameklo (Esq).
The visit follows an initial meeting in August last year, which sought to explore ways in which both organisations could collaborate to drive growth in Ghana’s downstream petroleum sector.
Discussions on Tuesday focused on promoting the smooth operations of Ghana Gas and strengthening partnerships between the two entities, among other issues.
In her remarks, Ms Blay noted that such meetings are necessary to ensure that both institutions remain aligned as strategic partners.
“Following the meeting we had in August last year, we agreed to meet again and discuss a few more technical issues that have a bearing on the work of NPA and Ghana Gas.
“This is because we serve businesses, and these meetings are necessary to ensure that we remain on the same page regarding how we support the companies that engage with us,” Ms Blay stated.
Responding to her remarks, Mr Tameklo thanked Ghana Gas for the courtesy call and assured the company that the NPA would continue to fulfil its mandate and ensure that nothing undermines Ghana Gas’s operations.
“I personally want to thank the CEO of Ghana Gas for the visit, and we want to assure you that the NPA will return the favour.
“We will intensify our operational efforts in the areas where we need to make your work less difficult and ensure that your operations continue smoothly.
“I am sure that we have agreed on decisions that will benefit both organisations, and the NPA will deliver on its part of the bargain for the greater good of our sector,” he concluded.
The meeting reaffirmed the strong partnership between the National Petroleum Authority and Ghana Gas, highlighting their shared commitment to collaboration, operational efficiency and the sustainable growth of Ghana’s energy sector.
UK Forces Seize Russian-Linked ‘Shadow Fleet’ Tanker
British forces have seized a Russian-linked oil tanker suspected of breaching sanctions while transiting the English Channel on Sunday, in what Prime Minister Keir Starmer described as a significant setback for Moscow’s efforts to fund its war in Ukraine.
“This successful operation delivers yet another blow to Russia and reminds those fuelling [Russian President Vladimir] Putin’s war in Ukraine that we will not let them hide,” Starmer wrote in a post on X on Sunday.
Following the raid, officers from the National Crime Agency (NCA) arrested an Indian national on suspicion of sanctions offences, while the UK Ministry of Defence (MoD) confirmed the seizure of the tanker Smyrtos.
The operation marks the first UK-led mission in which British forces have boarded and detained a vessel from Russia’s so-called “shadow fleet” — a network of hundreds of tankers used to transport Russian oil and circumvent Western sanctions imposed following Moscow’s full-scale invasion of Ukraine in 2022.
According to vessel-tracking website MarineTraffic, the Smyrtos, carrying 700,000 barrels of Russian oil and sailing under a Cameroonian flag, departed the Russian Baltic port of Ust-Luga on June 5 and was bound for Port Said, Egypt.
The Smyrtos is recorded as being owned by Hong Kong-registered Zhao Yao Shipping Ltd, which also owns several other sanctioned tankers.
Its management company is listed as being based in Tamil Nadu, India.
The MoD said Royal Marines commandos and NCA officers boarded the tanker in a predawn raid on Sunday, descending onto the vessel by rope from Chinook helicopters. The operation was supported by other military aircraft, a Royal Navy frigate and a minehunter.
The NCA said 24 Georgian and Indian crew members remained aboard the vessel, which is now anchored off the Dorset coast.
The operation lasted six hours. The tanker will be moved to England’s south coast and monitored for any environmental or safety concerns, the ministry said.
The operation was carried out successfully despite the presence of the Russian warship Admiral Grigorovich nearby.
The frigate has been stationed near the UK since April and has escorted numerous Russian tankers through the English Channel.
It is unclear how close the vessel was to the Smyrtos at the time of the raid.
Following the operation, at least six other tankers immediately changed course away from the English Channel.
Ukraine’s President Volodymyr Zelenskyy thanked the UK in a post on X for “taking this important step against Russia’s oil fleet”.
Along with other Western nations, Britain has barred vessels linked to Russia’s so-called “shadow fleet” from entering its ports and prohibits British companies from providing insurance, brokerage or financial services to ships transporting Russian oil, which remains a crucial source of revenue for Russia amid its war effort in Ukraine.
Alexander Lord, a defence analyst at London-based intelligence firm Sibylline, told Al Jazeera that sanctions have increased costs and complications for Moscow but have not completely prevented Russia from continuing to export large volumes of oil.
“Russia has a significant customer base and continues to trade its oil at a heavy discount, particularly to countries such as India and China,” Lord said.
“The sanctions are undoubtedly causing problems for the Russian economy. But we are now well into the fifth year of the full-scale invasion [of Ukraine], and Russia is still exporting large quantities of oil.
“Russia is constantly trying to find loopholes to protect its fleet, using shadow-fleet vessels and changing names and ownership structures to circumvent sanctions and investigations.”South Africa: ExxonMobil Signs Preliminary Deal To Supply LNG To First Import Facility
ExxonMobi, American oil and gas giant has entered into a preliminary agreement to supply liquefied natural gas (LNG) to South Africa’s Zululand Energy Terminal (ZET), which is set to become the country’s first LNG import facility once construction is completed, Reuters reported.
The planned terminal forms part of South Africa’s broader transition away from coal-fired power generation, which still provides the majority of the country’s electricity supply.
ZET was aiming to finalize an LNG supply agreement with ExxonMobil within the coming months, Reuters reported in March.
ExxonMobil’s participation underscores the strategic importance of Richards Bay Port, where ZET is being developed on South Africa’s east coast, as a key entry point for LNG. The project also supports plans to establish a competitive and sustainable gas market, according to Oliver Naidu, a director at ZET.
ExxonMobil has designated South Africa as a priority market and is targeting growth in its LNG supply business to more than 40 million metric tons per year by 2030.
“This agreement reflects ExxonMobil’s global LNG experience and our commitment to supporting South Africa’s energy security through a reliable supply,” said Andrew Barry, chairman of ExxonMobil LNG Market Development Inc.
Earlier this month, South Africa’s state-owned power utility, Eskom, signed a long-term LNG supply agreement with ZET to support a planned 3,000-megawatt gas-to-power project.
Georgia Nuclear Power Plant Cleared For 80-Year Operating Life
The two boiling water reactor units at Georgia Power’s Edwin I Hatch plant have been cleared by the regulator to operate until the mid-2050s
Hatch unit 1 began commercial operation in December 1975, with Hatch 2 following in September 1979. The units were originally licensed to operate for 40 years, with the NRC approving a previous 20-year licence extension in 2002.
The plant is operated by Southern Company subsidiary Southern Nuclear on behalf of its co-owners Georgia Power, Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia and Dalton Utilities.
Over the last 20 years, the Hatch units have undergone major improvements, including the replacement of cooling towers at unit 2; replacement of key components such as large transformers, plant service water pumps, feedwater heaters; and the identification and elimination of single point vulnerabilities across the site.
Recent investments have included the construction of an energy education center and a second onsite simulator to train reactor operators: according to Georgia Power, the plant supports hundreds of highly skilled, long-term jobs and contributes millions of dollars of property taxes each year, as well as maintaining strong community partnerships.
The plant’s property is also a protected ecosystem.
Georgia’s population has more than doubled since Hatch unit 1 – the first nuclear power plant in the state – entered service, and now stands at more than 11 million people.
Today, nuclear power from Hatch and the four-unit Vogtle plant, built by the same co-owners, provide nearly 30% of Georgia Power’s overall energy production.
Georgia Power’s latest integrated resource plan approved in July 2025, envisages capacity uprates at four of those units, including at Hatch.
“At Georgia Power, our commitment to our customers is to ensure that the reliable, affordable energy they expect is there when they need it. Our nuclear facilities provide reliable energy around the clock at a stable, predictable cost, and are central to how we deliver on this commitment,” said Kim Greene, chairman, president and CEO of Georgia Power.
The US Nuclear Regulatory Commission (NRC) completed its review of the licence renewal application in less than 12 months – it accepted for docketing plant operator Southern Nuclear’s application on 20 June last year.
This is the second nuclear power plant licence renewal the regulator has completed within the 12-month target for licence renewal reviews under Executive Order 14300: the first was Duke Energy’s Robinson nuclear power plant in South Carolina, which received its subsequent licence renewal in April.
The regulator said it completed its safety and environmental reviews using a streamlined process for licence renewals, applying lessons learned from earlier reviews to work more efficiently without compromising safety standards.
“The NRC continues to demonstrate we can reach timely decisions while maintaining our strict safety oversight,” Director of the NRC’s Office of Nuclear Reactor Regulation Anna Bradford said.
“The staff’s ability to focus on key factors necessary for long-term plant performance and to implement continuous learning enabled us to efficiently secure another 1.8 gigawatts of power on the grid for 20 more years.”
Hatch unit 1 is now licensed to operate until August 2054, and unit 2 to June 2058.
South Africa: Energy Minister Receives Lifetime Achievement Award At Africa Energy Forum
South Africa’s Minister for Electricity and Energy, Dr. Kgosientsho Ramokgopa, has been honoured with a Lifetime Achievement Award by the organisers of the Africa Energy Forum (AEF) for his role in helping to reduce load shedding and strengthen the country’s energy security.
He was presented with the award at the opening of the 28th Africa Energy Forum (AEF), currently underway at the Cape Town International Convention Centre (CTICC) from 16–19 June 2026.
The Africa Energy Forum (AEF) 2026, under the theme “Building Africa’s Industrialised Future,” highlights the continent’s need to power growth for more than 1.5 billion people.
The Minister invited on stage the Deputy Minister of Electricity and Energy, Ms. Samantha Graham-Maré, and the Group Chief Executive of Eskom, Mr. Dan Marokane, to share the moment during the award presentation.
South Africa has experienced persistent electricity shortages for more than a decade, largely driven by aging power infrastructure, maintenance backlogs, and insufficient generation capacity from the state utility, Eskom.
To manage supply constraints and prevent a total grid collapse, Eskom implemented load shedding, a controlled and rotational power-cut system that temporarily disconnects parts of the grid to balance demand and supply.
At its peak, load shedding significantly disrupted economic activity, affecting businesses, households, and essential services, and becoming one of South Africa’s most pressing economic challenges.
In recent years, the government has implemented a series of reforms, emergency procurement measures, and increased private-sector participation to stabilize the power system.
These efforts have contributed to a noticeable reduction in the frequency and severity of load shedding, which is part of the progress highlighted during the award recognition of Minister Ramokgopa.
Innovex To acquire Norway’s TCO Group For $95 Million
Innovex International has entered into an agreement to acquire Norway-based TCO Group in a cash-and-stock transaction valued at approximately $95 million, expanding its portfolio of well technologies and strengthening its presence in key international offshore markets.
The transaction is expected to close early in the third quarter of 2026, subject to customary closing conditions.
Founded in 1999 and headquartered in Voss, Norway, TCO is known for developing intervention-free laminated glass plug technology designed to eliminate the need for fishing operations during well activities.
The company serves customers in offshore and international markets, with operations in Norway and the UAE.
Innovex said the acquisition aligns with its strategy of building a portfolio of mission-critical products focused on improving well performance and operational efficiency.
“We are excited to announce the acquisition of TCO Group,” said Innovex CEO Adam Anderson. “The acquisition is highly aligned with Innovex’s strategy of assembling a portfolio of market-leading, capital-efficient products that are essential to our customers’ operations.”
According to Innovex, the acquisition will strengthen its position in Norway and the UAE while providing opportunities to expand TCO’s technology portfolio through Innovex’s global customer base.
TCO CEO Robert Abercrombie said the combination will provide greater scale for the company’s well technology offerings.
“TCO brings technology depth, great talent and proven execution rooted in Norway,” Abercrombie said. “Innovex has a broad complementary portfolio and brings scale and reach globally.”
Following completion of the transaction, TCO’s operations and technology portfolio will become part of Innovex’s broader offering of well construction, completion and production solutions.
Nigeria: Heirs Energies Launches Agbada Green Corridor Initiative To Advance Environmental Sustainability
Heirs Energies has launched the Agbada Green Corridor Initiative, a tree-planting programme aimed at enhancing environmental sustainability, supporting biodiversity, and strengthening climate resilience across its area of operations.
The initiative, launched along the Agbada Non-Associated Gas (NAG) Corridor in Omuohia Community, Rivers State, brought together representatives of the Rivers State Ministry of Environment, the OML 17 Host Communities Development Trust (HCDT), community leaders, environmental stakeholders, and employees of Heirs Energies.
The programme forms part of the company’s broader commitment to responsible energy development and environmental stewardship, demonstrating that energy production and environmental sustainability can progress hand in hand.
Speaking at the event, Bola Bode, Senior Vice President, Production, who represented the Chief Executive Officer of Heirs Energies, Osa Igiehon, noted that the initiative reflects the company’s commitment to creating lasting value for both its host communities and the environment.
“As we continue to grow production and expand our oil and gas business, we recognise that our success is closely linked to the wellbeing of our host communities and the health of the environment in which we operate.The Agbada Green Corridor Initiative is one expression of our commitment to responsible operations and sustainable development,” he said.
The tree-planting exercise was conducted in partnership with the Rivers State Ministry of Environment and the Self Help and Rural Development Association (SHERDA), with support from the OML 17 HCDT and community stakeholders.
Representatives of the Rivers State Ministry of Environment commended the initiative and reaffirmed the importance of partnerships between government, communities, and industry in promoting environmental protection and sustainable development.
The Agbada Green Corridor Initiative aligns with Heirs Energies’ sustainability agenda, which focuses on environmental stewardship, community partnership, and long-term value creation. It also reinforces the company’s commitment to supporting Nigeria’s energy security objectives while preserving the environment for future generations.
About Heirs Energies
Heirs Energies is Africa’s leading indigenous-owned integrated energy company and operator of OML 17. Since assuming operatorship in 2021, the company has more than doubled oil production to over 50,000 barrels per day and tripled gas production to over 135 million standard cubic feet per day.
Heirs Energies contributes approximately 5% of Nigeria’s oil production and 5% of domestic gas supply, helping to advance energy security, economic growth, and sustainable development across Africa.
The tree-planting exercise was conducted in partnership with the Rivers State Ministry of Environment and the Self Help and Rural Development Association (SHERDA), with support from the OML 17 HCDT and community stakeholders.
Representatives of the Rivers State Ministry of Environment commended the initiative and reaffirmed the importance of partnerships between government, communities, and industry in promoting environmental protection and sustainable development.
The Agbada Green Corridor Initiative aligns with Heirs Energies’ sustainability agenda, which focuses on environmental stewardship, community partnership, and long-term value creation. It also reinforces the company’s commitment to supporting Nigeria’s energy security objectives while preserving the environment for future generations.
About Heirs Energies
Heirs Energies is Africa’s leading indigenous-owned integrated energy company and operator of OML 17. Since assuming operatorship in 2021, the company has more than doubled oil production to over 50,000 barrels per day and tripled gas production to over 135 million standard cubic feet per day.
Heirs Energies contributes approximately 5% of Nigeria’s oil production and 5% of domestic gas supply, helping to advance energy security, economic growth, and sustainable development across Africa. Ghana: Fuel Prices Fall As Second Pricing Window Opens
Fuel pump prices began falling in Ghana on Tuesday, June 16, with the commencement of the second pricing window, following a decline in refined petroleum product prices on the international market.
The Chamber of Oil Marketing Companies (COMAC) projected thfat petrol prices would decrease by between 7.23% and 9.31%, diesel by 0.51% to 1.65%, and LPG by 0.20% to 0.52% during the second pricing window of June.
In Ghana, fuel prices are reviewed every two weeks. The first pricing window runs from the 1st to the 15th of each month, while the second pricing window begins on the 16th and ends on the 30th.
According to data published by the National Petroleum Authority (NPA), the regulator of Ghana’s downstream petroleum sector, petrol prices on the international market declined from US$1,166.08 per metric tonne to US$988.77 per metric tonne. Diesel prices fell from US$1,175.95 per metric tonne to US$1,056.38 per metric tonne, while LPG prices dropped from US$815.23 per metric tonne to US$652.65 per metric tonne.
Based on the decline in refined petroleum product prices on the international market and prevailing market dynamics, the regulator published new fuel floor prices. Petrol prices were reduced to GH¢13.39 per litre from GH¢15.20 per litre in the first pricing window of June.
This represents a decrease of GH¢1.81 per litre, equivalent to nearly 12%.
Diesel prices were reduced to GH¢15.11 per litre from GH¢15.49 per litre in the first pricing window of June, representing a decline of GH¢0.38 per litre, or about 2.5%.
For LPG, the price floor was reduced to GH¢13.23 per kilogram from GH¢13.48 per kilogram, a decline of GH¢0.25 per kilogram, or about 1.9%.
The price floors represent the minimum benchmark prices at which Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) are expected to retail petroleum products during the second pricing window of June.
As of Tuesday morning, two of Ghana’s major oil marketing companies had adjusted their pump prices.
GOIL PLC, the market leader, revised its prices as follows:
- Petrol (Regular): GH¢13.87 per litre
- Petrol (RON 95): GH¢16.87 per litre
- Diesel: GH¢15.95 per litre
Star Oil also revised its pump prices:
- Petrol (Regular): GH¢13.85 per litre
- Petrol (RON 95): GH¢15.77 per litre
- Diesel: GH¢15.93 per litre
Other OMCs are expected to review their pump prices in the coming days.
Kenya: KETRACO Energizes Isinya–Konza 400kV Transmission Line, Boosting Grid Reliability And Powering Konza Technopolis
Kenya Electricity Transmission Company (KETRACO) has successfully energized the 400kV Isinya–Konza Transmission Line and the 400/132/66kV Konza Substation, boosting grid reliability and securing power supply for Konza Technopolis, Kenya’s flagship smart city.
The milestone marks a significant step in strengthening the national transmission network and enhancing the quality and reliability of electricity supply in the lower eastern region.
The project provides the capacity required to support the growth of Konza Technopolis and other emerging industrial, commercial, and residential developments.
The scope of the project includes a 48km 400kV double-circuit transmission line, two 350MVA 400/132kV transformers, and two 75MVA 132/66kV transformers.
The infrastructure enhances power transfer capability, improves network stability, and provides additional flexibility in the operation of the national grid.
In a statement, KETRACO Managing Director, Eng. Kipkemoi Kibias, said the energization represents another major milestone in the country’s efforts to build a resilient transmission network capable of supporting Kenya’s growing electricity demand and long-term development aspirations.
“The successful energization of the Isinya–Konza Transmission Line and Konza Substation strengthens the reliability of the national grid and guarantees quality power supply to Konza Technopolis and surrounding areas,” said Eng. Kibias.
“This project is critical in supporting industrialization, attracting investments, and advancing Kenya’s Vision 2030 development agenda,” he added.
The Managing Director noted that the development will facilitate the evacuation and distribution of electricity to the lower eastern region while improving the overall resilience and stability of the national grid through enhanced interconnectivity and alternative power supply paths.
“KETRACO remains committed to developing and maintaining a robust transmission system that supports economic growth, regional integration, and universal access to reliable electricity,” he said.
The project was financed by the Export-Import Bank of China (Exim Bank of China) and the Government of Kenya at a total cost of KES 8.4 billion and was executed by China Aerospace Construction Group Company Limited (CACGC).
This development will significantly enhance electricity transmission capacity and access to power across Kajiado, Machakos, and Makueni counties, supporting growing residential, commercial, and industrial demand.
It will further strengthen the reliability and stability of electricity supply in the region, reducing network constraints and improving power quality for consumers.
The project will additionally provide Konza Technopolis with access to adequate and reliable green energy from some of Kenya’s key renewable energy sources, including Kipeto Wind Power, the Olkaria Geothermal Power Plants, and the Lake Turkana Wind Power Project in Loiyangalani, as well as hydroelectric power imported from Ethiopia.
These diverse energy sources are transmitted through the national grid via the Suswa 400kV Substation and the existing Isinya 400kV Substation, ensuring a robust and sustainable power supply to support the growth of the country’s premier smart city.
The successful completion of the project underscores Kenya’s continued investment in modern energy infrastructure aimed at accelerating industrialization, enhancing regional connectivity, and advancing the country’s transition to a sustainable and reliable power system.
It will further strengthen the reliability and stability of electricity supply in the region, reducing network constraints and improving power quality for consumers.
The project will additionally provide Konza Technopolis with access to adequate and reliable green energy from some of Kenya’s key renewable energy sources, including Kipeto Wind Power, the Olkaria Geothermal Power Plants, and the Lake Turkana Wind Power Project in Loiyangalani, as well as hydroelectric power imported from Ethiopia.
These diverse energy sources are transmitted through the national grid via the Suswa 400kV Substation and the existing Isinya 400kV Substation, ensuring a robust and sustainable power supply to support the growth of the country’s premier smart city.
The successful completion of the project underscores Kenya’s continued investment in modern energy infrastructure aimed at accelerating industrialization, enhancing regional connectivity, and advancing the country’s transition to a sustainable and reliable power system.