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FP News Online/TV, Congo Town, Monrovia (2026)

04/10/2026

NOCAL, LADOL SIGN DEAL TO DEVELOP BUCHANAN OIL AND GAS SHOREBASE

Monrovia -Liberia, October 4, 2026.

The National Oil Company of Liberia, NOCAL, has signed an agreement with Nigeria’s Lagos Deep Offshore Logistics Base, LADOL, to develop a major oil and gas logistics facility in Buchanan, Grand Bassa County.

The agreement is aimed at keeping more oil and gas-related jobs, contracts and services inside Liberia as the country prepares for increased exploration and drilling activities.

Under the Joint Development Agreement, LADOL will serve as NOCAL’s technical lead partner for the project.

The company will support the feasibility study, engineering design, construction and eventual operation of the shorebase.

NOCAL says the feasibility study is expected to begin within the next 45 days and will run for about six months.

It will examine issues including the availability of land, marine access, utilities, commercial viability, geotechnical and topographical conditions, as well as environmental and social impacts.

NOCAL says the project is partly intended to address challenges experienced during Liberia’s previous drilling campaign.

During that campaign, several essential services, including waste management, logistics, supply-chain operations and specialised technical support, were reportedly sourced from neighbouring countries, including Côte d’Ivoire, Ghana and Senegal.

Officials say this meant that significant economic opportunities and jobs associated with Liberia’s petroleum activities were created outside the country.

NOCAL President and Chief Executive Officer Fabian M. Lai says the Buchanan Shorebase is intended to change that situation.

He says the partnership is not simply about building a logistics facility, but about keeping more of the petroleum value chain within Liberia.

Mr Lai says the objective is to ensure that jobs, contracts, training opportunities and supporting services linked to petroleum operations benefit Liberian companies and workers.

The Executive Chairman of LADOL, Sir Oladipo Ladi Jadesimi, says the agreement reflects the company's confidence in Liberia's oil and gas potential.

He says LADOL wants to support local content development and ensure that Liberian businesses and workers become major beneficiaries of the country's natural resources.

The two sides have also agreed to establish a Joint Steering Committee to oversee the project and to work towards completing definitive agreements for its development.

The proposed Buchanan Shorebase comes as Liberia anticipates increased drilling activities under existing petroleum agreements, with further concessions expected to be awarded in the future.

NOCAL says the facility could therefore provide the infrastructure needed to support international oil companies and related service providers operating in Liberia.

For Liberia, the central question will now be whether the proposed shorebase can translate the country's oil and gas activities into more local jobs, businesses, skills and revenue.

03/10/2026

Promotions song 🎶 from the office of the Director of Entertainment Mr Tk LamahLegend of the Liberia Electricity Corporation Workers Union.

And the message goes by Let say no to Powertheft, go get your meter and pay your electricity ⚡️ bills because it helps develop the Country and support the economy for all citizens.

03/10/2026

Ghana’s Chamber of Oil Marketing Companies, COMAC, is calling on the government to temporarily freeze taxes and levies on petroleum products, as rising global oil prices put pressure on fuel consumers and businesses.

ACCRA, GHANA, October 3, 2026.

The Chamber’s Chief Executive Officer, Dr Riverson Oppong, says reducing the tax burden could provide a more sustainable way of cushioning consumers from higher fuel prices.

He welcomed government measures to support diesel prices, but said the intervention through the Uniform Pricing Policy Fund should not be regarded as a direct loss of government revenue.

The fund is designed to ensure that consumers pay the same fuel price regardless of where they live or buy fuel, including cities such as Tamale and Kumasi.

Dr Oppong says the greater pressure on government finances comes from taxes and levies imposed on petroleum products.
SOT – DR RIVERSON OPPONG, CEO, COMAC:
“The real subsidy, the real pain that will affect government budgets, is the taxes and levies.”

Dr Oppong renewed his call for a temporary freeze on some fuel-related taxes, saying the measure could ease pressure on consumers and businesses.

He said COMAC appreciates the government's intervention, but believes more can be done through the tax system.

The COMAC chief also proposed that the government consider using additional revenue generated from higher crude oil prices to support the downstream petroleum sector.

He argues that if government earns more than projected from crude oil production, part of the additional revenue could be used to cushion consumers and businesses facing higher fuel costs.

SOT – DR RIVERSON OPPONG:
“The downstream is crying, upstream is laughing. So let’s have this dialogue.”
Dr Oppong says closer coordination between Ghana’s upstream and downstream petroleum sectors could help protect the industry from disruptions caused by rising fuel costs.

His comments come as global oil prices continue to put pressure on fuel markets, with governments and industry players looking for ways to limit the impact on consumers.

Source:
https://energycrossroad.com/comac-wants-fuel-taxes-frozen-to-ease-pressure-on-consumers/

03/10/2026

Guyana’s Oil Resource Estimate Falls Below 11 Billion Barrels.

October 3, 2026

Guyana’s estimated recoverable oil resources in the country’s prolific Stabroek Block have fallen below 11 billion barrels, according to ExxonMobil Guyana.

The development comes as ExxonMobil continues to spend heavily on exploration and appraisal activities in the offshore block.

The company says the Stabroek Block has an estimated resource base of just under 11 billion oil-equivalent barrels, with plans for as many as eight offshore developments by 2030.

Four Floating Production, Storage and Offloading vessels, or FPSOs, are currently producing oil in the block.

Since commercial production began in 2019, ExxonMobil says it has produced more than one billion barrels of oil.
The company has also received government approval for seven projects.

The Uaru project is expected to begin production by the end of 2026, followed by Whiptail in 2027 and Hammerhead in 2029.

ExxonMobil says the distinction between resources and reserves is important.

Company officials explain that resources represent oil that is estimated to be technically recoverable, while reserves are resources that have been sufficiently assessed and approved for development based on economic and investment considerations.

ExxonMobil Guyana President Alistair Routledge says reserves can increase when projects are approved and funded.

He said the company added its share of the Hammerhead resource to its proved reserves after the project received approval.

However, the estimated ultimate recovery for Guyana remains close to 11 billion barrels.

The issue has generated debate in Guyana, particularly because the country's oil resource estimate has remained around that level despite additional discoveries and appraisal activities.

Former Environmental Protection Agency Executive Director, Dr Vincent Adams, has criticised ExxonMobil's explanation.

He argues that technical and economic factors, including oil prices, should be considered when determining reserves.
ExxonMobil has continued to invest in exploration.

The company reported spending about 128 million US dollars on exploration in 2025, up from approximately 109 million dollars in 2024.

But despite that spending, ExxonMobil has not announced a new discovery in the Stabroek Block since March 2024.
The company has also been carrying out appraisal work on previously discovered fields.

In 2025, two discoveries — Lukanani and Ranger — were appraised.
The work was disclosed by CNOOC, which owns a 25 percent stake in the Stabroek Block.

Appraisal drilling is used to determine the size, quality and commercial potential of an oil discovery and to reduce uncertainty before further investment decisions are made.
ExxonMobil has made 46 discoveries in the Stabroek Block since the first discovery in 2015.

The block has transformed Guyana into a major emerging oil producer, but questions remain over how the country's oil resources are classified and how exploration costs are recovered.

Under the 2016 production-sharing agreement, ExxonMobil and its partners can recover certain costs associated with petroleum operations, including exploration activities.

The debate over reserves, resource estimates, exploration spending and cost recovery is expected to remain central to discussions about Guyana's rapidly expanding oil industry.

Source:
https://energycrossroad.com/guyanas-oil-reserves-drop-below-11b-barrels-exxon-says-as-company-continues-to-spend-on-exploration-appraisal/

03/10/2026

Government Moves to Contain October Diesel Price Increase

ACCRA-Ghana, October 3, 2026.

Ghana’s government has introduced temporary measures aimed at preventing a sharp increase in diesel prices during the October pricing window.

The National Petroleum Authority says the price of diesel at the pump is expected to remain below 20 Ghana cedis per litre, after government reached an agreement with two major refineries.

The intervention follows an emergency meeting between government and stakeholders in the petroleum downstream sector, amid rising international fuel prices.

Under the arrangement, Sentuo Oil Refinery and Tema Oil Refinery have agreed to maintain the prices they charge Bulk Distribution Companies at the levels used during the previous pricing window.

The government has also suspended the one-cedi Energy Sector Levy on diesel for the month of October.

The Chief Executive Officer of the National Petroleum Authority, Godwin Edudzi Tamakloe, says the agreement with the two refineries is central to the intervention.

He said:

“Basically, what we’ve agreed today is that Sentuo and TOR will maintain the price they sell to the BDCs at the last pricing window.”

Before the intervention, government projections suggested that diesel prices could have approached 22 cedis per litre at the beginning of October.

Mr Tamakloe says the measures will instead keep the price below 20 cedis.

He said:

“Now, through government’s intervention, we’ll be doing below GH¢20. Government feels that it needs to intervene.”

The temporary suspension of the one-cedi levy is expected to provide additional relief to diesel consumers.

But the measures do not remove the underlying pressure from international petroleum markets.

They are designed to cushion consumers during the October pricing window, while the levy could be restored depending on market conditions.

Diesel prices are closely linked to the cost of transportation, agriculture, construction, logistics and other economic activities.

A significant increase in diesel prices can therefore raise operating costs for businesses and transport operators, with potential effects on the prices of goods and services.

The government’s intervention is intended to limit those immediate pressures.

However, the longer-term outlook will depend largely on international petroleum prices and whether domestic measures can continue to absorb increases.

For now, the government is seeking to prevent the projected 22-cedi diesel price from reaching consumers and keep the October pump price below 20 cedis.

The next pricing windows will show whether the pressure in international markets eases or whether further intervention will be required.

03/10/2026

Oyo 2027: Adebola Proposes Mixed Power Strategy to Support Industrial Growth

IBADAN, Oyo State — October 3, 2026.

The 2027 governorship candidate of Nigeria’s Democratic Congress, NDC, in Oyo State, Akim Adebola Yusuf, says a combination of hydropower, solar and other electricity sources could help improve power supply and support industrial development in the state.

Mr Adebola, who has 25 years of experience in banking, says his work in project development and financing has given him exposure to power projects in countries including The Gambia, Guinea, Ghana and Sierra Leone.

He says he was involved in projects ranging from solar and coal-fired power generation to electricity projects and floating power plants.

Mr Adebola says Oyo State cannot achieve significant industrial growth without a reliable energy supply.

Ikere Gorge Dam

A key part of his proposed strategy is the development of hydropower from the Ikere Gorge Dam on the Ogun River.

He says the state could examine the water resources around the dam, including water flows and the waterfall, for possible electricity generation.

Mr Adebola also proposes the development of solar fields, particularly for rural communities.

He says the proposed solar systems could supply electricity directly to homes without depending on battery storage.

Mixed generation

Mr Adebola describes the proposal as a composite power system, combining renewable energy with other forms of generation.

He says increasing local electricity generation could reduce the dependence of households and businesses on petrol and diesel generators.

“With a mix of green electricity and other forms of generation, we can bring prices down,” he said.

The NDC candidate says his proposed administration would seek to provide enough electricity to support industries across Oyo State's local government areas.

But he acknowledges that the amount of power required would depend on the size and type of industries involved.

Industrial development

Mr Adebola links the power proposal to his wider economic plans for Oyo State.

He says reliable and affordable electricity would be necessary to attract and sustain industries, while reducing the cost of running private generators.

He has also cited his banking and project-financing experience as part of his background for implementing major infrastructure projects.

Mr Adebola emerged as the NDC's candidate for the Oyo State governorship election scheduled for 2027.

Reports on his wider campaign priorities include job creation, industrial development, agriculture, education and youth empowerment.

The proposed power strategy remains a campaign proposal, and its implementation would depend on financing, technical feasibility, regulatory requirements and the powers available to the state government under Nigeria's electricity framework.

02/10/2026

LERC Begins Capacity-Building Workshop for Electrical Contractors

Monrovia -Liberia October 2,2026.

The Liberia Electricity Regulatory Commission, LERC, has begun a two-session capacity-building workshop for electrical contracting companies, as part of efforts to support contractors through the electrical contractor licensing process.

The workshop, which began today, October 2, 2026, is focused on the commission’s online licensing portal, el.lerc.gov.lr.

Participants are being guided through the requirements for obtaining an electrical contractor licence, including how to navigate the portal, complete application forms and submit the required information.

The first session brought together representatives of electrical contracting companies for practical training on the application process.

LERC says the initiative is intended to make the licensing process clearer and more accessible to contractors, while strengthening compliance with the regulatory requirements governing electrical contracting in Liberia.

The second session is expected to continue the practical engagement and provide participants with further assistance on the use of the licensing portal and the submission of applications.

02/10/2026

Tullow Arbitration Outcome Highlights Ghana’s Investment Environment

ACCRA-Ghana, October 2, 2026.

Ghana’s investment climate and commercial dispute-resolution system are back in focus following the conclusion of an arbitration case between Tullow Ghana Limited and the Ghanaian government.

An international tribunal has dismissed Tullow’s claims and upheld a Ghana Revenue Authority assessment of about 393 million US dollars.

The Executive Director of the Africa Centre for Energy Policy, Benjamin Boakye, says the decision has implications beyond the tax dispute.

He says Ghana must protect state revenues while maintaining constructive relationships with international investors.

Mr Boakye says disagreements are an inevitable part of commercial relationships, but argues that such disputes should be handled through established legal and arbitration mechanisms.

He says an unfavourable arbitration ruling should not automatically turn a commercial partner into an adversary of the state.

Tullow has expressed disappointment with the tribunal’s decision but says it intends to engage the Ghanaian government on the implications of the ruling and the next steps.

Mr Boakye says that response demonstrates the importance of allowing parties to present their cases and pursue remedies through agreed legal processes.

He also argues that commercial disputes should be distinguished from criminal conduct, saying a company’s decision to challenge the state through arbitration does not, by itself, make it an opponent of the government.

Tullow remains an important operator in Ghana’s oil industry, with interests linked to the Jubilee and TEN fields.

Mr Boakye says Ghana needs the revenues generated from those fields, while continued investment and production are also important to sustaining the sector.

He says Ghana must strengthen its courts and other institutions responsible for resolving commercial and civil disputes.

According to him, investor confidence depends on predictable courts, independent adjudication and respect for contractual and arbitration processes.

Mr Boakye says Ghana’s ambition to become a credible centre for international arbitration will depend on the strength and independence of its institutions rather than declarations alone.

He says the Tullow-Ghana case therefore goes beyond the immediate tax dispute, highlighting the need to balance the government’s responsibility to protect public revenue with a predictable and credible investment environment.

Source:
https://energycrossroad.com/tullow-arbitration-outcome-highlights-ghanas-investment-and-commercial/

01/10/2026

EPRA HOSTS GHANA’S NPA FOR PETROLEUM REGULATION BENCHMARKING

Kenya’s Energy and Petroleum Regulatory Authority, EPRA, has hosted a delegation from Ghana’s National Petroleum Authority, NPA, for a benchmarking engagement on petroleum regulation.

The meeting was held at EPRA’s headquarters in Nairobi and was led by the authority’s Director General, Engineer Edward M. Kinyua.

The two institutions exchanged experiences and discussed regulatory practices aimed at strengthening oversight of the petroleum sector.

The discussions covered EPRA’s regulatory mandate and framework, research and data management, accreditation and quality assurance, sector intelligence, regulatory compliance and institutional performance.

EPRA says the engagement highlights the importance of collaboration and knowledge-sharing among regulatory institutions.

It says such exchanges can help strengthen institutional capacity and improve regulatory governance, with potential benefits for industry stakeholders and consumers.

The engagement forms part of broader efforts by petroleum regulators to learn from each other’s experiences and improve the effectiveness of sector oversight.

Source:

https://energycrossroad.com/epra-hosts-ghanas-national-petroleum-authority-for-petroleum-regulation-benchmarking/

01/10/2026

GNPC, PETRONAS ASSESS GHANA’S UPSTREAM INVESTMENT POTENTIAL

Monrovia - Liberia October 1,2026.

Ghana is seeking to attract fresh technical expertise and investment into its upstream petroleum sector as the Ghana National Petroleum Corporation, GNPC, begins a two-week technical and commercial engagement with Malaysia’s PETRONAS.

The discussions, taking place in Accra, bring specialists from both institutions together to examine Ghana’s exploration prospects, discovered petroleum resources and opportunities across the upstream value chain.

The engagement comes as Ghana faces declining production from some of its mature oil fields, increasing the need for new discoveries, investment and improved recovery to sustain output over the longer term.

Technical assessment

The meetings are being held at the GNPC Research and Technology Centre.

They cover exploration, subsurface and geological studies, engineering, discovered assets, new ventures and commercial development.

GNPC has brought together specialists in geology, geophysics, engineering and commercial development to engage with their PETRONAS counterparts.

The discussions are intended to give the Malaysian energy company a closer look at Ghana's remaining exploration opportunities, discovered resources and technical data.

For Ghana, the engagement is part of efforts to expand the pool of potential technical and financial partners in the upstream sector.

Production challenges

Ghana's major producing areas, including Jubilee, TEN and Sankofa-Gye Nyame, have played a central role in the country's oil production.

But as some of these assets mature and production declines, the country is increasingly looking towards new wells, enhanced recovery, exploration and the development of discovered resources.

The government and GNPC have therefore been seeking additional investment and technical partnerships to support the next phase of upstream development.

However, GNPC has not announced any commitment by PETRONAS to a specific petroleum block or project as a result of the current engagement.

The discussions should therefore not be interpreted as a concluded investment agreement.

GNPC welcomes collaboration

Welcoming the PETRONAS delegation on behalf of GNPC's Chief Executive, the Deputy Chief Executive for Finance, Commercial and Administration, Hamis Ussif, expressed the Corporation's readiness to support the discussions.

GNPC's Director of Projects, Dr Albert Longdon-Nyewan, said the Corporation was interested in identifying areas of collaboration with PETRONAS.

He said:

"We are interested in working collaboratively with PETRONAS to identify opportunities that can support investment and the continued development of Ghana's petroleum resources."

What comes next

The significance of the two-week engagement will depend largely on what follows the technical assessment.

It could lead to further due diligence, commercial negotiations, farm-in arrangements, exploration activity or investment in discovered resources.

But none of those outcomes has been confirmed at this stage.

Industry experts note that moving petroleum resources from discovery to production requires more than the availability of oil and gas.

Factors including the size and quality of resources, development costs, infrastructure, fiscal terms, technology and expected commercial returns can all influence investment decisions.

For Ghana, the broader challenge is to attract sufficient investment to replace declining production while ensuring that new projects bring technology, skills and greater value to the domestic economy.

The GNPC-PETRONAS engagement is therefore an early stage in that process.

Its longer-term importance will depend on whether the current technical interest can eventually be translated into exploration, field development and sustained petroleum production.

FP News Online/TV

04/10/2026

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