Blog
GHANA: ECG CUTS POWER SUPPLY TO PARTS OF ACCRA DUE TO FLOODS.
The Electricity Company of Ghana (ECG) has reported widespread power outage in part of Accra, capital of Ghana, after torrential rains on Sunday, May 18, 2025.
- 1 year
TANZANIA TARGETS FOREIGN INVESTORS TO REVITALIZE OIL AND GAS EXPLORATION.
Tanzania is preparing its fifth oil and gas licensing round to attract foreign investors due to the high costs and risks of exploration. PURA’s Director General emphasized that local investors cannot absorb losses like multinational firms can. Recent reforms—including new laws and contract renegotiations—aim to create a more stable investment climate. Since 2021, over 301 billion cubic feet of natural gas has been produced, with major benefits in local employment and infrastructure development.
- 1 year
TPDC PARTNERS WITH INDONESIAN COMPANY ESSA TO POWER FERTILIZER PLANT IN MTWARA.
TPDC has partnered with Indonesia’s ESSA to supply natural gas to a $1.4 billion fertilizer plant in Mtwara. The plant will produce over one million tonnes of fertilizer annually and create more than 4,000 jobs, boosting both agriculture and local employment.
- 1 year
AUSTRALIA'S SANTOS GETS GREEN LIGHT FOR $2.3 BILLION NARRABRI GAS PROJECT.
After more than a decade of fierce opposition, Santos’ $2.3 billion Narrabri gas project in New South Wales has received a green light from the National Native Title Tribunal, marking a pivotal moment for Australia's energy future. The decision, which pits the country’s pressing need for domestic gas supply against environmental and Indigenous cultural concerns, highlights the complexity of balancing climate responsibilities with energy security. With plans to drill up to 850 coal-seam gas wells overlapping the sacred Pilliga forest, the project has faced staunch resistance from the Gomeroi people, who argue it threatens both their heritage and the climate. The tribunal acknowledged these risks but ultimately found the public benefit outweighed the detriments, signaling a controversial step forward in Australia’s ongoing energy debate.
- 1 year
GHANA: GOIL SLASHES PETROL, DIESEL PRICES FOR CONSUMERS.
Ghana’s largest indigenous petroleum downstream oil marketing company, GOIL, has reduced its petrol and diesel prices effective May 19, 2025.
- 1 year
OIL RETREATS AS CHINA AND US GROWTH CONCERNS WEIGH.
Oil prices are on edge as economic clouds gather over the world’s two largest energy consumers the United States and China. A downgrade of U.S. sovereign credit by Moody’s and unexpectedly weak industrial and retail data from China have fueled fears of slowing demand in global oil markets. The concerns come just a week after optimism from U.S.-China tariff rollbacks had pushed prices higher. Add to this the growing uncertainty surrounding U.S.-Iran nuclear negotiations and renewed threats of tariffs from Washington, and the energy market finds itself caught in a complex web of economic and geopolitical risks.
- 1 year
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