The Sentuo Group says it is investing $980 million in a two million metric ton per annum capacity oil refinery in Tema, with plans for a second phase to increase the capacity by an additional three million metric tons per annum.
Ghana’s oil revenue surged to $840 million in the first half of 2024, marking a 36% increase from the $540 million recorded in the same period in 2023.
The National Petroleum Authority (NPA) has signed an agreement with Senegal and The Gambia for the importation of petroleum products from Ghana.
The U.S. Energy Information Administration (EIA) forecast in its latest short term energy outlook (STEO) that U.S. crude oil production, including lease condensate, will average 13.98 million barrels per day in the fourth quarter of 2025.
Ghana’s oil industry is set to receive a boost from the deployment of 3D seismic data by the country’s government
Tetracore Energy Group, an integrated energy company, is set to launch Ghana’s first virtual gas pipeline network and compressed natural gas (CNG) mother station before the end of the year.
The long running legal dispute that Eni Ghana Exploration and Production and Vitol Upstream Ghana had initiated against the Ghana government was decided early this week, and everyone is telling their angle of the story.
The Minority in Parliament has cautioned the Akufo-Addo administration to exercise prudence and avoid making rash decisions in the future, in light of the court’s ruling on the $915 million lawsuit brought by Eni Ghana and Vitol Upstream against Ghana.
Eni Ghana Exploration and Production and Vitol Upstream Ghana have received a positive decision from an international arbitral tribunal regarding their unitisation dispute with the Republic of Ghana, ruling in favour of their long-standing opposition to the Ministry of Energy’s unitisation directives.
The Public Interest and Accountability Committee (PIAC) 2023 report sheds light on the persistent issue of gas flaring in Ghana’s oil and gas industry. Despite efforts to reduce flaring, the report reveals that Ghana continues to waste significant amounts of associated gas, posing environmental and economic concerns.