Trending Now
[/tdc_zone]
LATEST ARTICLES
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. Gambia: OMVG Delegation Visits The Gambia Amid Power Supply Challenges
A delegation from the Organisation pour la Mise en Valeur du Fleuve Gambie (OMVG), led by the High Commissioner, Mr. Demba Jallow, visited The Gambia to assess OMVG energy infrastructure in the country amid ongoing power supply challenges.
The visit aimed to assess the operational status of OMVG facilities and obtain first-hand information on the performance and impact of the regional electricity interconnection project in the country.
As part of the tour, the delegation inspected key OMVG infrastructure, including substations and transmission facilities.
The team later held a brief but productive meeting with NAWEC authorities at the Brikama OMVG Substation, focusing on strengthening coordination and improving electricity service delivery nationwide.
During the visit, officials delivered remarks highlighting the importance of the project.
Mr. Demba Jallow, High Commissioner of OMVG, stated: “This visit provides an important opportunity for us to assess the impact of the OMVG interconnection project on the ground. We are encouraged by the progress observed and reaffirm our commitment to supporting member states, including The Gambia, by providing a platform to achieve a reliable and sustainable electricity supply.”
Mr. Ousman Hane, Secretary General of OMVG, noted: “The OMVG network remains a cornerstone of regional energy integration. Strengthening operational collaboration with NAWEC is essential to ensuring the efficiency and long-term sustainability of the system.”
Mr. Pateh Sowe, Group Head of Electricity at NAWEC, remarked: “NAWEC values the continued support of OMVG in enhancing our transmission capacity. This partnership is critical to improving service delivery and ensuring that our customers benefit from a more stable power supply.”
Mr. Ebrima Sanyang, Director of Environment and Sustainable Development at OMVG, emphasised: “Sustainability remains at the core of OMVG’s operations. We are committed to ensuring that infrastructure development continues to meet environmental standards while supporting economic growth.”
Mr. Abdoulaye Toure, Head of Operations for the OMVG Network in The Gambia, added: “Operational performance within the Gambian network is steadily improving. Continued coordination with NAWEC will further enhance reliability and efficiency across the system.”
The visit underscores the importance of the OMVG interconnection project in strengthening regional energy cooperation, enhancing grid stability, and improving electricity supply in The Gambia and across the sub-region.
NAWEC welcomed this engagement as a significant step toward reinforcing collaboration with OMVG and reaffirmed its commitment to delivering efficient, reliable, and sustainable electricity services to the public.
Oil Prices Drop After U.S.–Iran Deal To Reopen Strait Of Hormuz
Oil prices fell in early Monday trading in Asia after U.S. and Iranian officials announced they had reached an agreement to end hostilities and reopen the Strait of Hormuz, more than 100 days after its closure.
At the time of writing, Brent crude had dropped 3.95% to trade at $83.88 per barrel, while WTI fell 4.62% to $80.96 per barrel.
Oil prices, which peaked in mid-May, have been gradually trending downward in recent weeks on speculation of a deal, even after multiple escalatory strikes.
On Sunday night, U.S. President Donald Trump declared that a deal with Iran had been completed, writing on social media that “oil will flow” through the Strait of Hormuz once the agreement is formally signed on Friday.
Iranian Deputy Foreign Minister Kazem Gharibabadi confirmed that the text of a memorandum of understanding had been finalized and that a formal signing ceremony would take place in Switzerland on Friday.
“The deal with the Islamic Republic of Iran is now complete,” Trump wrote on his Truth Social platform at around 5:30 p.m. in Washington (2130 GMT) on Sunday.
His post came shortly after Pakistani Prime Minister Shehbaz Sharif, whose country has served as a mediator, announced that a deal had been struck early Monday local time.
The precise terms were not immediately disclosed. Sharif said in a post on X that the agreement called for “the immediate and permanent termination of military operations on all fronts, including in Lebanon.”
In a statement, the secretariat of Iran’s Supreme National Security Council said military operations on all fronts, including Lebanon, would end permanently starting Monday night.
Trump said the Strait of Hormuz—a major shipping route for global oil and gas supplies that Iran had effectively disrupted for months—would reopen on Friday, and that he had ordered the end of the U.S. blockade of Iranian ports.
“Ships of the world, start your engines. Let the oil flow!” Trump wrote.
“The lack of details, especially on freedom of shipping, is a concern, but not one that should constrain markets today as the surge in risk appetite plays out,” said Sean Callow, a senior FX analyst at ITC Markets, according to a Reuters report.
Iran has struck Israel and Gulf states hosting U.S. bases and had effectively disrupted passage through the Strait of Hormuz, pushing up global energy prices. U.S. forces had also blocked Iranian ports in response.
The war has become a political liability for Trump at home, with members of Congress and public opinion polls showing growing frustration over rising gas prices ahead of November’s midterm elections.
However, Trump has also faced pressure from members of his own party who insist that Iran’s nuclear program must be completely dismantled.
Ghana: Rock Africa Hands Over Ultra-Modern Rest Facility For Petroleum Tanker Drivers At BOST Kumasi Depot
Rock Africa has completed and handed over a fully furnished ultra-modern rest room and park for petroleum tanker drivers at the BOSTenergies Kumasi Depot.
The company fully funded the project and formally handed over the facility to the National Petroleum Authority (NPA) and the leadership of the Ghana National Petroleum Tanker Drivers Union.
Rock Africa is a technical solutions service provider offering a wide range of services, including automated systems, hardware and software solutions, asset tracking, vehicle and container tracking, petroleum automation systems, and surveillance identification systems. The company currently provides services to the NPA to monitor the delivery of petroleum products across Ghana.
The Chief Executive of the National Petroleum Authority, Mr. Godwin Tameklo, received the keys to the facility and subsequently handed them over to the National Chairman of the Ghana National Petroleum Tanker Drivers Union, Mr. George Nyaunu.
The facility, designed as a place of rest and rejuvenation, is intended to enhance the welfare, operational efficiency, and safety of fuel tanker drivers.
Expressing his appreciation for the gesture, Mr. Tameklo said the facility would help rewrite the long-standing and unpleasant practice of drivers and their assistants resting on road shoulders whenever they became fatigued.
He commended Rock Africa for its benevolence and called on other industry players to emulate the company’s example by investing in initiatives that improve the welfare and working conditions of petroleum tanker drivers.
For his part, the Chief Executive Officer of Rock Africa, Mr. Francis Gavor, reaffirmed the company’s commitment to improving the working conditions and welfare of drivers who play a critical role in Ghana’s downstream petroleum sector.
Receiving the facility on behalf of the drivers, the National Chairman of the Ghana National Petroleum Tanker Drivers Union, Mr. George Nyaunu, pledged that the union would maintain the facility to the highest standards to ensure its sustainability and continued benefit to tanker drivers.
The Chief Executive of the National Petroleum Authority, Mr. Godwin Tameklo, received the keys to the facility and subsequently handed them over to the National Chairman of the Ghana National Petroleum Tanker Drivers Union, Mr. George Nyaunu.
The facility, designed as a place of rest and rejuvenation, is intended to enhance the welfare, operational efficiency, and safety of fuel tanker drivers.
Expressing his appreciation for the gesture, Mr. Tameklo said the facility would help rewrite the long-standing and unpleasant practice of drivers and their assistants resting on road shoulders whenever they became fatigued.
He commended Rock Africa for its benevolence and called on other industry players to emulate the company’s example by investing in initiatives that improve the welfare and working conditions of petroleum tanker drivers.
For his part, the Chief Executive Officer of Rock Africa, Mr. Francis Gavor, reaffirmed the company’s commitment to improving the working conditions and welfare of drivers who play a critical role in Ghana’s downstream petroleum sector.
Receiving the facility on behalf of the drivers, the National Chairman of the Ghana National Petroleum Tanker Drivers Union, Mr. George Nyaunu, pledged that the union would maintain the facility to the highest standards to ensure its sustainability and continued benefit to tanker drivers.
PETRONAS, Japan’s JERA Extend LNG Supply Partnership Into The 2040s
Petroliam Nasional Bhd. (PETRONAS) and JERA Co., Inc. have reaffirmed one of Asia’s longest-standing liquefied natural gas (LNG) partnerships through the signing of a new long-term supply agreement, extending their collaboration into the 2040s.
Under the agreement, PETRONAS, through its wholly owned subsidiary PETRONAS LNG Ltd. (PLL), will supply up to approximately 2 million tonnes per annum (MTPA) of LNG over a 20-year period beginning in 2028.
The deal reinforces PETRONAS’ position as a key supplier to Japan, one of the world’s largest LNG importers.
The agreement deepens a relationship that dates back to 1983, when Malaysia shipped its first LNG cargo to Japan, laying the foundation for a trusted energy partnership that remains central to Japan’s energy security.
The parties commemorated the agreement in Tokyo, with the ceremony attended by PETRONAS Executive Vice President and Chief Executive Officer of Gas and Maritime Business, Datuk Adif Zulkifli, and JERA Senior Managing Executive Officer and Chief Low Carbon Fuel Officer, Mr. Ryosuke Tsugaru.
Ghana: NPA Commits To Expanding LPG Access And Enhancing Safety On World LPG Day
The signing marks a shift from traditional point-to-point LNG supply agreements to a more flexible supply arrangement, further underscoring PETRONAS’ position as a reliable LNG supplier through the expansion of its supply capabilities.
LNG will be delivered using PETRONAS’ new generation of 174,000-cubic-metre LNG carriers, which are designed to comply with the International Maritime Organization’s enhanced emissions standards, supporting more efficient and lower-emission operations.
PETRONAS said it continues to evolve its commercial approach to meet Japan’s changing energy requirements in line with the country’s Seventh Strategic Energy Plan, which aims to ensure energy security while improving economic efficiency and addressing environmental priorities.
Datuk Adif Zulkifli said:”We value the strong partnership we have built with JERA over the decades, underpinned by mutual trust and a shared focus on reliability. We look forward to building on this foundation as we continue to support Japan’s evolving energy needs.
“In an increasingly dynamic LNG market shaped by rising demand, supply security concerns, price volatility and shifting consumption patterns, PETRONAS remains focused on delivering reliable and tailored solutions, supporting our partners in strengthening energy security while advancing their transition ambitions.”
The company said the long-term commitment reaffirms its reputation as a trusted LNG partner to Japan, one of Asia’s most vibrant gas markets.
As demand for cleaner energy continues to grow across Asia, PETRONAS said it remains committed to supplying reliable LNG from its global portfolio, supporting customers’ energy security needs while enabling their transition towards a lower-carbon future.
Kenya: EPRA Cuts Petrol Price By 22 Cents As Diesel Falls By Ksh10
Fuel prices in Kenya, particularly petrol and diesel, will decline from Monday, June 15, with petrol prices set to drop by KSh0.22 per litre and diesel prices by KSh10 per litre, the Energy and Petroleum Regulatory Authority (EPRA) said in a statement on Sunday.
However, the regulator said the price of kerosene would remain unchanged.
In Kenya, fuel prices are reviewed on the 14th day of every month, with the new prices taking effect from the 15th until the 14th of the following month.
According to EPRA, petrol in Nairobi will retail at KSh214.03 per litre, diesel at KSh222.86 and kerosene at KSh191.38. In Mombasa, petrol will retail at KSh210.87, diesel at KSh219.58 and kerosene at KSh188.09.
In Nakuru, petrol will sell at KSh212.92, diesel at KSh222.27 and kerosene at KSh190.81, while in Eldoret, petrol will retail at KSh213.69, diesel at KSh223.09 and kerosene at KSh191.63.
Explaining the price adjustments, EPRA noted that the average landed cost of imported Super Petrol declined by 0.56%, from US$906.23 per cubic metre in April 2026 to US$901.16 per cubic metre in May 2026.
Diesel prices rose by 0.21%, from US$1,291.98 per cubic metre to US$1,294.71 per cubic metre, while kerosene prices declined by 0.33%, from US$1,332.73 per cubic metre to US$1,328.36 per cubic metre over the same period.
Ghana: GOIL PLC Posts Gh¢90.6 Million Net Profit After Tax In 2025
The authority said the new prices are also in line with the April gazette notice that temporarily reduced Value Added Tax (VAT) on petroleum products from 16% to 13%, and subsequently to 8%.
“The prices are inclusive of the Value Added Tax (VAT), in line with the VAT Act, 2013 as read with Legal Notice No. 70 dated 15th April 2026, the Finance Act, 2023, the Tax Laws (Amendment) Act 2024 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020,” EPRA said.
Additionally, EPRA said the Petroleum Development Levy (PDL) Fund would be used to cushion consumers during the June pricing cycle.
Approximately KSh10 billion from the fund will be utilized to subsidize diesel and kerosene prices.
In last month’s review, EPRA set petrol, diesel and kerosene prices at KSh214.25, KSh232.86 and KSh191.38 per litre, respectively.
Subsequently, the regulator revised the prices downward following a petition by public transport operators, citing the need to minimize the risk of fuel adulteration arising from the wide price difference between diesel and kerosene.
Last month, President William Ruto promised that diesel prices would be reduced by KSh10. However, changes to the pricing formula for imported fuel cargoes had sparked fears that consumers would be denied the expected price cut.