The Parliamentary Select Committee on Energy, led by its Chairman and Member of Parliament for Ho West, \xa0Emmanuel Bedzrah, has completed a working visit to Tullow Ghana’s Jubilee and TEN oil fields in the Western Region.
Ghana is in the final stages of adopting a national policy on radioactive waste and spent fuel management after 15 years of its development, as the country positions itself to incorporate nuclear energy into the energy mix by 2030.
The Centre for Environmental Management and Sustainable Energy (CEMSE) on Oct. 24 proposed that TOR adopt a “tolling” system, where the refinery no longer buys crude oil directly. Instead, a private partner would supply and retain ownership of the crude, market the refined products, and pay TOR a fixed fee for its processing services.
In reality, though, national output has been declining. Data from the Petroleum Commission show crude production fell from 71.4 million barrels in 2019 to 48.2 million barrels in 2024, with a further 26% year-on-year drop recorded in the first half of 2025.
The Centre for Environmental Management and Sustainable Energy (CEMSE) has called for a pragmatic, partnership-driven approach to reviving the Tema Oil Refinery (TOR), emphasising that a tolling agreement, rather than an outright sale, offers the most sustainable path to restoring the refinery’s operational and financial viability.
The West Africa oil and gas market is demonstrating strong growth potential, driven by global energy demand and rich reserves in the region, the 2025 West Africa Oil and Gas Outlook by Deloitte has revealed. According to the report, the West African oil and gas market represents a Compound Annual Growth Rate (CAGR) of 6.5% […]
Ghana’s oil production has been on a steady decline since peaking in 2019, raising serious concerns about the country’s future petroleum revenue and energy sustainability, according to the Head of the Public Interest and Accountability Committee (PIAC) Secretariat, Isaac Dwamena.
Odeefuo Amoakwa Buadu VIII said Ghana’s total crude production since the beginning of commercial oil production has now reached 675.1 million barrels. However, he expressed concern that the country’s output has been falling steadily since its highest level of 71.4 million barrels recorded in 2019.
Ghana is not attracting new investments in its upstream petroleum industry, to the extent that no new Petroleum Agreement has been signed since 2018, according to the 2025 Semi-Annual Report by the Public Interest and Accountability Committee (PIAC). The report stated that fewer drilling and completion operations on the Jubilee field were carried out during […]
Ghana’s Minister of Energy and Green Transition, Hon. John Abdulai Jinapor, has reaffirmed the government’s commitment to fostering investor confidence and promoting natural gas as a cornerstone of the nation’s energy future.