… Government is further reviewing upstream fiscal and regulatory frameworks to attract fresh investment from international oil companies, including Shell. …
… The “business-as-usual” atmosphere is somewhat surreal given the uncertainty hanging over the project, which has so far cost around £1.5bn according to Aberdeen-based Adura, a joint venture between Shell and the Norwegian state energy firm Equinor. …
… US President Donald Trump on Wednesday ordered an investigation into major energy companies, accusing Shell, ExxonMobil and other firms of “gouging” drivers by not reducing fuel prices even as oil costs fell. …
… She became the first female member of the Nigerian board of oil and gas giant Shell in 2006, and four years later was appointed oil minister, the country’s second-most senior politician. …
… The increase was smaller than elsewhere as shares in energy giants BP and Shell – two of the biggest companies in the FTSE 100 – fell on news of the lower oil price. …
… said that Tegbe was involved in fiscal policy restructuring at all levels of government, and has worked with organisations such as the Nigerian Communications Commission, Nigerian Bulk Electricity Trading, Nigerian Electricity Regulatory Commission, Nigeria Revenue Service, Shell …
… Graduates will acquire both technical and business skills needed to establish their own automotive workshops, operate lubricant service centres, or serve as distributors and retailers of Shell lubricants. …
British multinational Shell continued operating a major oil pipeline in Nigeria for years even though it knew it was causing widespread pollution – despite a warning from its own staff and its own technical standards, internal documents obtained by the BBC show. …
Shell reported second-quarter profits of $9.84bn, more than double the $4.26bn from the same period last year, as the US-Israel conflict with Iran disrupted global oil supplies and pushed prices higher. The oil giant's first-half earnings surged 70% as rising crude prices and trading opportunities boosted results.
Shell reported second-quarter profits of $9.84bn, more than double the $4.26bn from the same period last year, as the US-Israel conflict with Iran disrupted global oil supplies and pushed prices higher. The oil giant's first-half earnings surged 70% as rising crude prices and trading opportunities boosted results.
Ghana's crude oil production has declined for six consecutive years, falling from 71.44 million barrels in 2019 to 37.30 million barrels in 2025, according to an Institute for Energy Security report. The prolonged downturn, driven by ageing oil fields, limited upstream investment, and no new petroleum agreements since 2018, has caused total petroleum receipts to drop 43.27% from US$1.36 billion in 2024 to US$770.27 million in 2025.
The chief executive of Adura, the owner of the Jackdaw gas platform in the North Sea, told BBC News that government approval is "hyper critical" to avoid domestic supply shortages this winter, saying the project could meet 6% of UK gas needs from 1 October. Environmental campaigners oppose the project, citing this summer's record heatwaves as evidence of the need to tackle climate change.
Adura's updated Environmental Impact Assessment of the controversial North Sea Jackdaw gas field states its emissions will "not materially influence" global warming, accounting for less than 0.02% of annual global greenhouse gases during its lifetime. The revised assessment argues that the project would displace imported liquified natural gas from the United States, potentially saving the equivalent of four million tonnes of CO2.
Global benchmark Brent crude has fallen below $72.48 a barrel, the price before US and Israel launched attacks on Iran on 28 February, as traffic through the Strait of Hormuz resumes following a US-Iran Memorandum of Understanding on 17 June for nuclear negotiations and measures to end the war.
Diezani Alison-Madueke, Nigeria's oil minister from 2010 to 2015 and former Opec president, was found not guilty of accepting bribes from oil executives in the form of luxury stays and spending in the UK. Her brother and an oil industry executive were also acquitted in the trial at London's Southwark Crown Court.
The US and Iran have agreed a framework deal to end the war, with the Strait of Hormuz set to reopen. Brent crude fell more than 5% to $82.84 a barrel and stock markets rose, though analysts warn the lack of detail on the agreement could create market uncertainty.
President Bola Ahmed Tinubu swore in Joseph Tegbe as Minister of Power and Sola Enikanolaiye as Minister of State for Foreign Affairs on Monday, following the resignations of their predecessors Adebayo Adelabu and Yusuf Tuggar. Tegbe holds degrees in civil engineering and business administration, and has over 35 years of experience in fiscal and economic reform.
Vivo Energy Ghana and the Applied Technology Institute have signed a Memorandum of Understanding to develop a technical apprenticeship initiative that equips young mechanics, particularly in the informal sector, with industry-relevant technical expertise through classroom instruction and hands-on training. The programme aims to enhance employability, promote professionalism, and foster safety and technical excellence in the automotive industry, while also equipping graduates with business skills to establish their own workshops or service centres.
Internal documents show Shell continued operating a major oil pipeline in Nigeria for years despite knowing it was causing widespread pollution, despite a 2008 warning from a senior executive about risks from theft and infrastructure failures. UK legal proceedings by Niger Delta communities seek Shell liability for pollution from over 100 leaks between 2011 and 2013.
Tema Oil Refinery has completed audited financial statements for 2019–2025 and posted a Profit Before Tax of GH¢1.24 billion in 2025, its first year of profitability in a decade. The State Interests and Governance Authority commended the refinery for resolving the audit backlog and achieving financial recovery through improved governance and operational reforms.
Some Oil Marketing Companies have begun increasing petroleum product prices from June 1, 2026, in line with the bi-weekly price review under the deregulation policy. Star Oil raised petrol to GH¢15.20 per litre, matching the National Petroleum Authority's price floor, while the Chamber of Oil Marketing Companies projects petrol could rise 4.20–6.20%.
Tema Oil Refinery Managing Director Edmond Kombat was honoured for exceptional leadership and strategic vision at the 10th Ghana CEOs Summit. The recognition follows TOR's recent receipt of one million barrels of Bonga crude oil and efforts to revitalise refinery operations.
JP Morgan predicts oil will remain in the "low $100s" for much of the year even if the Strait of Hormuz reopens soon, as supplies would not return to normal service quickly. Brent crude rose above $105 a barrel following tensions between the US and Iran over ceasefire negotiations.
Oil prices rose sharply in Asian trading after President Trump dismissed Iran's response to US proposals to end the war as "totally unacceptable." Iran, responding through Pakistan as mediator, called for an immediate end to the conflict and guarantees against further US-Israeli attacks, while Brent crude rose 3.8% to $105.20 a barrel and US crude increased 4% to $99.30.
As the US-Israel war in Iran drives up energy prices and disrupts shipping through the Strait of Hormuz, major oil and gas companies report record profits. BP's first-quarter profits more than doubled to $3.2 billion, Shell reported $6.92 billion in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4 billion, with European firms benefiting from volatile energy prices and trading operations.
Major oil and gas companies including BP, Shell, and TotalEnergies have reported record profits as conflict and Iran's closure of the Strait of Hormuz have driven up energy prices and volatility. BP's profits more than doubled to $3.2bn, Shell reported $6.92bn in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4bn.
Shell reported first-quarter profits of $6.92bn, up from $5.58bn a year earlier, as oil prices soared following disruptions to Middle Eastern supplies. The price spike resulted from the closure of the Strait of Hormuz, which typically carries about 20% of global oil and LNG supplies.
Shell's first-quarter profits reached $6.92bn, up from $5.58bn a year earlier, driven by sharp increases in oil prices following the Iran war and the effective closure of the Strait of Hormuz, which typically carries about 20% of global oil and LNG supplies.