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Ghana: ECG Restores Vending And Payment Systems After Flood Disruptions
Ghana: Experts Question Government’s Commitment To Oil Revenue Recommendations
Global Governments Commit To Stronger Energy Efficiency Policies
Governments from across the globe have agreed to make energy efficiency a cornerstone of energy policy, recognising its critical role in building resilience against future energy shocks, improving affordability for consumers, and boosting economic competitiveness.
During the International Energy Agency’s (IEA) 11th Annual Global Conference on Energy Efficiency in Montreal, co-hosted by the Government of Canada, ministers and senior officials from all continents said recent disruptions to global energy markets had reinforced the need to accelerate energy efficiency as one of the quickest and most effective ways to lower energy costs, strengthen energy security, and reduce exposure to future market volatility.
In a joint statement, governments called for stronger action on energy efficiency, including increased support for vulnerable households and businesses, renewed efforts to improve efficiency in buildings and data centres, and measures to unlock investment without creating unnecessary administrative burdens.
Recognising that vulnerable households and small and medium-sized enterprises (SMEs) are often among those hardest hit by energy price volatility, governments committed to ensuring that everyone can benefit from energy efficiency. Countries also pledged to expand policies that can ease immediate pressures while improving long-term resilience.
At the conference, the COP31 Presidency announced that it had commissioned the IEA to produce a special report to support the development of an energy efficiency target for buildings ahead of COP31, which will take place in Antalya, Türkiye, later this year. The move reinforces the Agency’s role in supporting governments’ efforts to advance international progress on energy efficiency.
“As successive energy crises have shown, energy efficiency remains one of the most powerful tools available to governments for strengthening energy security, lowering costs and boosting economic competitiveness. Best of all, it is a resource that every country possesses in abundance,” said IEA Executive Director Fatih Birol.
“The commitments made in Montreal demonstrate strong international resolve to put efficiency at the heart of energy policy and accelerate progress towards a more secure, resilient and sustainable global energy system. Just as the oil crises of the 1970s drove major improvements in the way energy is used, today’s crisis is set to serve as a catalyst for faster action on efficiency.”
“Canada is proud to work with international partners to advance energy efficiency as a cornerstone of resilient, affordable and competitive energy systems. At a time of global uncertainty, improving how we use energy is one of the most immediate and cost-effective ways to protect households and businesses while strengthening our economy,” said Canada’s Minister of Natural Resources, Tim Hodgson.
“The commitments reaffirmed in Montreal underscore our shared determination to double the rate of energy efficiency improvements by 2030 and to ensure that all Canadians—and partners around the world—benefit from lower energy costs, greater energy security and sustainable growth.”
“Energy efficiency is one of the highest-return investments an economy can make: lower costs for households and businesses, stronger energy security, and a foundation for long-term competitiveness,” said Canada’s Minister of the Environment, Climate Change and Nature, Julie Dabrusin.
“Canada is building a climate-competitive economy that leads in the global transition to net zero, and today’s commitment, alongside our international partners, advances that goal. Improving efficiency across every sector means real savings for Canadians and a more resilient economy for all of us.”
Discussions at the Global Conference drew on new IEA analysis and tools, including an updated Energy Efficiency Policy Toolkit, recent analysis on protecting consumers from energy price shocks, and a new report highlighting the multiple benefits of energy efficiency for businesses. The IEA also continues to monitor global progress through its Energy Efficiency Progress Tracker.
The Montreal conference built on discussions held at the IEA’s 10th Annual Global Conference on Energy Efficiency in Brussels last year and at COP28 in 2023, where countries agreed to work towards doubling the global rate of energy efficiency improvements by 2030 in recognition of its importance in reducing greenhouse gas emissions. Governments in Montreal reaffirmed the need for stronger implementation and international cooperation to unlock the full benefits of energy efficiency for people, businesses, and economies worldwide.
Namibia: Capricornus-1A Appraisal Well Confirms Earlier Offshore Oil Discovery
The National Petroleum Corporation of Namibia (NAMCOR) has announced the successful completion of drilling operations at the Capricornus-1A appraisal well within Petroleum Exploration Licence (PEL) 85 offshore Namibia.
The well was drilled by Rhino Resources Namibia Ltd, the operator of PEL 85.
PEL 85 is operated by Rhino Resources, which holds a 42.5% working interest, in partnership with Azule Energy (42.5%), NAMCOR (10%), and Korres Investments (5%).
According to NAMCOR, the Capricornus-1A well reached a total depth of 4,818 metres and confirmed the presence of oil-bearing reservoir rock linked to the earlier Capricornus-1X discovery.
Drilling operations were completed safely without any incidents.
NAMCOR Acting Managing Director, Mr. Mtundeni Ndafyaalako, described the results as encouraging, saying they provide valuable information that will support the joint venture’s ongoing evaluation of the Capricornus discovery.
“We are pleased with the progress made by Rhino Resources and our joint venture partners in PEL 85. The Capricornus-1A well has provided important information that improves our understanding of the area and supports the next phase of appraisal work,” said Ndafyaalako.
He added:”Each well drilled in the Orange Basin gives Namibia a clearer picture of the potential of its offshore resources. NAMCOR remains encouraged by the continued progress being made through strong partnerships and the commitment of our operator and joint venture partners.”
NAMCOR said the data gathered from the Capricornus-1A appraisal well will be analysed alongside information from previous wells drilled in PEL 85. The findings will help guide the joint venture’s next phase of appraisal activities and future exploration within the licence area.
Read Also:Ghana: NPA Orders Immediate Shutdown Of Flooded Fuel Stations, Warns Of SanctionThe corporation also congratulated Rhino Resources, Azule Energy, Korres Investments, and all teams involved for the safe and successful execution of the Capricornus-1A drilling campaign.
“The well has also provided critical information on deeper geological intervals that were not encountered at Capricornus-1X, improving our understanding of how subsurface structures are defining the play fairways across the licence area.
“Together with the extensive datasets gathered from our previous discoveries, these results provide further insights for our part of the Orange Basin and will help inform the next phase of appraisal drilling across the Capricornus accumulation and additional exploration targets across PEL 85,” said Travis Smithard, Chief Executive Officer of Rhino Resources.
Uganda: UEGCL Welcomes Newly Constituted Board Of Directors
Uganda Electricity Generation Company Limited (UEGCL) has officially welcomed its newly constituted Board of Directors, marking the beginning of a new leadership chapter that will guide the state-owned power generation company over the coming years.
The new Board, chaired by Dr. Eng. Florence Lubwama Kiyimba, was received by the Minister of State for Energy, Hon. Sidronius Okaasai Opolot, during a brief handover ceremony held at Serena Hotel Kampala.
Speaking at the ceremony, the outgoing Board Chairperson, Eng. Margaret Njuki, thanked the Minister for the support extended to the Board throughout its tenure.
She highlighted several key achievements, including the takeover of Namanve Thermal Power Plant (TPP) and the successful commissioning of the 600 MW Karuma Hydropower Plant (HPP), describing them as significant milestones in strengthening Uganda’s electricity generation capacity.
The incoming Board Chairperson, Dr. Eng. Florence Lubwama Kiyimba, pledged to build on the achievements of her predecessor by fostering a strong working relationship with UEGCL Management, shareholders, and other key stakeholders.
She reaffirmed the Board’s commitment to providing strategic oversight that will advance the company’s mandate and support Uganda’s growing energy needs.
In his remarks, Hon. Okaasai called on the new Board to align its leadership with Uganda’s long-term energy vision of increasing the country’s installed electricity generation capacity to 52,000 MW by 2040.
Read Also:Ghana: NPA Orders Immediate Shutdown Of Flooded Fuel Stations, Warns Of SanctionHe urged the Board to ensure that UEGCL continues to play a central role in expanding reliable and affordable electricity supply to drive the country’s socio-economic transformation.

UEGCL Management commended the outgoing Board of Directors for its dedicated service and strategic stewardship, while expressing confidence in the incoming Board’s ability to build on the company’s achievements and lead it into its next phase of growth.
Ghana: TOR Secures Two-Year Crude Supply Deal With Fujeirah/Triangle Commodities Trading
Ghana’s premier refinery, Tema Oil Refinery (TOR), has secured a deal with Fujeirah/Triangle Commodities Trading (TCT), a Dubai-based petroleum products trading company, for the supply of one million barrels of crude oil per month over a two-year period.
The deal will guarantee a continuous supply of crude oil for the sustained operation of the country’s premier refinery.
The refinery resumed crude processing in late December 2025 following major rehabilitation works undertaken by the current management.
In May, the refinery received approximately one million barrels of Bonga crude oil aboard the MT Cap Felix as part of its ongoing revitalization and crude processing programme.
The crude oil cargo was purchased from Shell and supplied through Fujeirah/Triangle Commodities Trading (TCT) under a tolling arrangement.
Speaking at the 18th Annual General Meeting of the refinery, held at the Palms by Eagles, TOR Board Chairman Nayon Bilijo revealed that the agreement with Fujeirah/Triangle Commodities Trading (TCT) will ensure a continuous supply of crude oil and the sustained operation of the refinery.
“TOR has an agreement for the supply of about one million barrels of crude oil every month for the next two years, with no interruptions envisaged,” he said.
The refinery is also expected to receive locally produced crude oil from the upstream petroleum sector in July.
“TOR is also expected to take delivery of some crude oil from the Government for refining,” Mr. Bilijo said.
As part of efforts to sustain operations, he said the Board has identified key areas, including improving revenue generation, reducing costs, restructuring the balance sheet, and ensuring a sustained supply of crude oil.
According to him, the current administration inherited 17 storage tanks that were out of service.
He said these tanks are currently undergoing maintenance and repairs to bring them back into operation.
Mr. Bilijo said the Residual Fluid Catalytic Cracking Unit (RFCC), a key value-adding component that is currently undergoing maintenance, is expected to be completed and operational by the third quarter of this year.
To support the company’s operations, he said the refinery has increased its staff strength from 547 employees in 2024 to 1,144 personnel.
He said this reflects a deliberate strategy to retain critical expertise, strengthen operational capability, and support the refinery’s turnaround.
Malaysia: Vestigo Petroleum Confirms Fire At West Lutong Vent A Facility, No Casualties
Vestigo Petroleum Sdn. Bhd., a subsidiary of PETRONAS Carigali, has confirmed that a fire occurred at approximately 2:00 p.m. on Sunday at its West Lutong Vent A (WLV-A) facility offshore Sarawak.
The confirmation follows reports of an explosion at the offshore oil and gas platform after a lightning strike reportedly hit a vent stack at the facility.
A video of the incident later went viral on social media.
In a statement issued on Monday, the company said the situation had been brought under control and that the cause of the fire remains under investigation.
Vestigo said there were no injuries or personnel affected, adding that the incident posed no immediate threat to the surrounding communities or the environment.
The company said it is working closely with the relevant authorities and has taken the necessary precautionary measures to manage any potential risk of exposure.
Vestigo reaffirmed its commitment to the safety of its people, the protection of the environment, and the integrity of its operations.
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MODEC Secures Contract To Deliver Turret Mooring System For Mozambique’s Coral Norte FLNG
MODEC has announced that it will supply a SOFEC® Internal Turret Mooring System for the Coral Norte FLNG project offshore Mozambique, which is being developed by Eni and its partners, CNPC, ENH, XRG, and KOGAS.
MODEC is collaborating with the Technip Energies–JGC joint venture (JV) to support seamless integration, efficient execution, and reliable long-term performance, the company said in a statement.
With the Final Investment Decision (FID) reached in October 2025, the hull launched in January 2026 at Samsung Heavy Industries’ Geoje shipyard in South Korea, and first LNG production targeted for 2028, the project is advancing on schedule.
MODEC has supported the project since its early stages and is progressing engineering and supply activities in line with the overall project timeline, underscoring the company’s contribution to mission-critical station-keeping for large-scale gas developments.
Read Also:Ghana: Mahama Breaks Ground For 60,000 Barrels Per Day Phase II Expansion Of Sentuo Oil RefineryBuilding on its proven performance on the companion Coral Sul FLNG project, this engagement reinforces MODEC’s track record in delivering complex offshore station-keeping solutions.
Designed as an enhanced replica of Coral Sul—incorporating lessons learned and optimized for improved efficiency and performance—Coral Norte will add 3.6 million tonnes per annum (MTPA) of liquefaction capacity.
The turret mooring system is a mission-critical element of FLNG performance, enabling safe weathervaning, high operational uptime, and resilient operations in the metocean conditions of the Rovuma Basin.
“Coral Norte is an important milestone for the industry and for Mozambique, and we are honoured to contribute to this landmark FLNG project,” said Arun Duggal, Head of MODEC’s Mooring Solutions Business Unit.
“Our team’s performance on Coral Sul set a high bar for safety, reliability, and schedule discipline. This engagement reflects the trust we have built together, and we look forward to delivering a SOFEC® turret mooring system that enables best-in-class operability while continuing to invest in local capability and laying the foundation for future projects in the region.”
A Technip Energies–JGC JV spokesperson said: “The work delivered by MODEC on Coral Sul established a strong operational baseline and demonstrated excellence in engineering and execution. Our partnership on Coral Norte builds on that success and supports our broader commitment to sustainable development in Mozambique.”


