Ghana’s petroleum upstream regulator, the Petroleum Commission, and Liberia’s Petroleum Regulatory Authority (LPRA) have signed a Memorandum of Understanding (MoU) to strengthen regulatory cooperation, knowledge sharing, and stakeholder engagement between the two institutions.
The West African country of Ghana is moving ahead with a second major gas-to-energy project despite the many troubling experiences encountered during its first, a situation that mirrors Guyana’s own struggles with the controversial Wales Gas-to-Energy Project.
Ghana Investment Promotion Centre has revealed that Ghana attracted an estimated US$2.61 billion in foreign direct investment (FDI) inflows in 2025, signalling a strong rebound in investor confidence amid improving macroeconomic conditions.
The Tema Oil Refinery (TOR) has taken delivery of about one million barrels of Bonga crude oil, a development seen as a significant push in its ongoing efforts to restore full-scale operations and strengthen Ghana’s downstream petroleum stability.
Energy Minister, John Jinapor has said that the petroleum sector is expected to rise
again in 2026 after five straight years of falling output, driven by new agreements
signed with international oil partners.
Ghana is taking steps to buy Lukoil PJSCS stake in an offshore oil block to gain greater control over future output in the country, according to people familiar with the matter. The West African nation is considering using its pre-emptive rights to acquire the sanctions-hit Russian company’s 38% stake in the Deepwater Tano Cape Three […]
Eni, the Italian major, and its partners in the Sankofa and Gye Nyame fields offshore
Ghana have signed a significant agreement with the government to increase
domestic gas supply by approximately 30%.
Ghana has signed a major agreement with Eni Ghana E&P, a subsidiary of the Italian oil and gas giant, Vitol Upstream Ghana Limited, and the Ghana National Petroleum Corporation (GNPC) to ramp up domestic gas production from the Offshore Cape Three Points (OCTP) project.
Ghana’s crude oil production has extended its downward trajectory for a sixth consecutive year, underscoring deepening structural and operational challenges within the country’s upstream petroleum sector.
Tullow Oil and its partners plan to introduce riser-based gas lift next year for the western side of the deepwater Jubilee Field offshore Ghana, according to the company’s full-year 2025 report.