Partners in the Offshore Cape Three Points (OCTP) project have committed US$1.5 billion to new investments in Ghana’s petroleum sector as government intensifies efforts to reverse declining production and attract fresh capital. President John Dramani Mahama disclosed the commitment at the 2026 Local Content Conference and Exhibition organised by the Petroleum Commission in Takoradi on […]
Ghana has agreed a roadmap with Tullow Oil (LSE: TLW; GSE: TLW) to address a $393mn tax liability upheld by an international arbitration tribunal, President John Dramani Mahama said at an industry conference in Takoradi on November 10, as he reaffirmed plans for up to $2bn of investment in the Tullow-operated Jubilee and Tweneboa-Enyenra-Ntomme (TEN) […]
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 Mahama says Ghana is expected to save up to one billion dollars annually through the construction of its second gas processing facility, popularly known as GPP II. He says the facility, located at Anochi in the Western Region, is expected to reduce the country’s reliance on imported liquid fuels for power generation. Speaking […]
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 […]
Ghana has secured about US$2 billion in additional investments from partners in the Jubilee and Tweneboa-Enyenra-Ntomme (TEN) oil fields to boost production following the extension of the respective petroleum agreements to the end of 2040. Ms Emeafa Hardcastle, the Chief Executive Officer of the Petroleum Commission, announced this at the 12th edition of the Commission’s […]
GNPC Exploration and Production Limited Company (Explorco) has reaffirmed its plan to begin onshore drilling in Ghana’s Voltaian Basin in the fourth quarter of 2026 as it works towards becoming an independent Ghanaian oil and gas operator. The company announced this at its maiden Annual General Meeting (AGM), held at the Accra Marriott Hotel. Speaking […]
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 […]
Tullow Ghana has awarded DeepOcean a contract for a riser retermination project at the Jubilee field offshore Ghana. The work covers a gas lift riser that runs between the FPSO Kwame Nkrumah and the field’s subsea production system. Offshore work is scheduled for the fourth quarter of 2026. The contract value wasn’t disclosed. DeepOcean will […]