Government has signed three memoranda of understanding covering key terms for prospective petroleum blocks as part of efforts to attract new investment and expand exploration in Ghana’s sedimentary basins. President John Dramani Mahama announced this at the 2026 Local Content Conference and Exhibition organised by the Petroleum Commission in Takoradi on Tuesday. He said government […]
The Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has announced that Ghana is expected to sign at least six new petroleum agreements with international oil companies by the first quarter of 2027. This forms part of efforts to attract fresh investment and reverse the decline in the country’s oil production. He said […]
President John Dramani Mahama has announced that Ghana is expected to save approximately $3.5 billion over the remaining life of the Offshore Cape Three Points field following a renegotiated gas sales agreement with ENI. According to the President, the revised agreement is expected to reduce the average price of gas supplied under the arrangement by […]
The Ministry of Petroleum and Mineral Resources has announced positive drilling results of Nasim-1X natural gas exploratory well in Tiba Concession in the Mediterranean Sea. Drilling operations and preliminary evaluation have revealed a gas-bearing interval with excellent petrophysical properties, with initial estimates indicating approximately 200 Bcf of natural gas in the reservoir. The Ministry highlighted that […]
Eni and its Area 4 partners have begun the drilling and completion campaign for the Coral North FLNG project offshore Mozambique, which is targeting startup in 2028. The partners are China National Petroleum Corp. (CNPC), ENH, KOGAS and XRG. The campaign is expected to last about 10 months. ENH-Saipem Drilling Co. SA will carry it […]
Italian energy company Eni has completed the sale of its Nigerian subsidiary, Agip Energy and Natural Resources (Nigeria) Limited (AENR), to Apex Global Energy Limited, a subsidiary of Sterling Oil Exploration and Energy Production Company Limited (SEEPCO), as foreign oil firms continue to transfer onshore assets to Nigerian operators. Eni announced the completion of the […]
Italy’s engineering, drilling, and construction services giant Saipem has added new offshore drilling missions to its worksheet through new contracts with compatriot energy heavyweight Eni, which enable it to deploy its fifth-generation ultra-deepwater drillship in the Mediterranean and its sixth-generation semi-submersible floater rig to West Africa. The total value of the two new offshore drilling deals […]
Africa accounted for approximately 96% of Italian energy major Eni’s (BIT:ENI; NYSE:E) net global oil and gas production increase in the third quarter of 2026, as the Italian energy major works to expand offshore developments and liquefied natural gas (LNG) capacity while divesting mature assets. Eni produced 939,000 barrels of oil equivalent per day (boepd) […]
Eni has signed the main engineering, procurement, construction and drilling contracts for the Cronos gas project in Block 6 offshore Cyprus, moving the development into execution. The execution phase was formally launched on Oct. 26 at a ceremony in Nicosia, attended by Cypriot President Nikos Christodoulides and Energy Minister Michael Damianos. The contracts cover the […]
Eni has launched start-up activities for the Meleiha Phase 2 (MP2) project in Egypt’s Western Desert, advancing development of a new gas hub within the Merged Meleiha concession. The project includes a gas processing facility designed to handle up to 100 MMcfd.