The Dangote Petroleum Refinery has taken delivery of its second-ever crude cargo from Ghana, a move that coincides with a sharp reduction in its purchases from Europe as the plant adjusts its slate ahead of major maintenance.
The Ghanaian company, Cybele Energy, bid US$17 million upfront for a shallow water well that the company believes contains at least 400 million barrels of oil but the final figure depends on further studies, officials said on Tuesday.
Minister for Energy and Green Transition, John Abdulai Jinapor, has urged West African governments to accelerate efforts toward a fully interconnected regional power system, arguing that the future of the sub-region’s energy security depends on deeper cooperation, harmonised regulation and coordinated investment.
A joint analysis by the United Nations Development Programme (UNDP) and KPMG, an auditing firm, has affirmed the Government’s strategic shift from light crude oil to domestically produced natural gas for power generation.
Ghana’s government is moving to acquire an offshore exploration block regarded as one of the country’s most valuable undeveloped deepwater petroleum assets The government of Ghana plans to acquire a valuable offshore exploration block containing significant oil and gas reserves. This asset, identified by Springfield E&P, includes over 1.5 billion barrels of oil and 1.2 […]
Ghana is carrying out a major overhaul of its power system and shifting heavily toward domestic natural gas for electricity generation, consulting firm Deloitte said in a report.
A new report by KPMG and United Nations Development Programme (UNDP) has revealed that Ghana’s crude oil production has plummeted by almost half since its peak, posing significant risks to fiscal stability and energy sector revenues.
The country’s push to revive its dwindling oil fortunes is taking centre stage again as the state prepares to drill its first onshore exploration well in the Voltaian Basin during October 2026
The Africa Sustainable Energy Centre (ASEC) has warned that Ghana’s rapidly declining crude oil production poses an immediate fiscal and economic threat, calling for urgent and strategic interventions to safeguard the country’s petroleum revenues and national energy security.
Tullow Oil plc is working to recover more than $200 million in outstanding payments from the Government of Ghana, a situation placing significant pressure on the London-listed company’s cash flow as it races to refinance its debt structure ahead of a May 2026 bond maturity. The receivables, which include approximately $100 million in gas payments, TEN development debt, and overdue cash calls, stood at over $200 million net to Tullow as of the end of October, according to the company’s November trading update.