Tema Oil Refinery (TOR) Managing Director Edmond Kombat disclosed that he has initiated direct conversations with government on mechanisms to recapitalise the company’s balance sheet – including releasing the refinery’s outstanding share of Energy Sector Levy Act (ESLA) receivables, which he says stand at a minimum GH¢1.6billion. Presenting his review at TOR’s 18th annual general […]
A new study has found that Ghana’s local content policies in the upstream petroleum sector have contributed significantly to employment creation, local business participation and supplier engagement, although progress toward deeper industrial transformation and technological independence remains gradual. The research, conducted by Frank Yao Gbadago of the Department of Accounting Studies Education at Akenten Appiah-Menka […]
President John Dramani Mahama has announced that Ghana will commence onshore oil drilling in the Voltaian Basin before the end of 2026, marking a significant step in the country’s efforts to expand petroleum exploration beyond its established offshore fields.
The Minister for Energy and Green Transition, John Abdulai Jinapor, says the expansion of the Sentuo Oil Refinery will enable Ghana to reduce its reliance on imported finished petroleum products once the project is completed.
Accra, Ghana – 23 June 2026 – The Ghana Upstream Petroleum Chamber has announced changes to its Council leadership following its Council meeting held yesterday. The Council appointed Mr Joe Dadzie (Head of Vitol Upstream Ghana) as the new Chairman of the Council and Ms. Naa Opoku Agyeman (Managing Director, Yinson) as the new Vice […]
Ghana is set to drill its first exploration well in the Voltaian Basin between the fourth
quarter of 2026 and the first quarter of 2027, the Chief Executive Officer of the
Petroleum Commission, Emeafa Hardcastle, has disclosed.
Ghana is positioning itself as West Africa’s gas trading hub, with more than $3.5 billion committed to address a supply gap that imports from Nigeria alone cannot close.
Alexander Nagelhout, managing director of Well Engineering Partners (WEP), and Blaise Kudatugu, CEO of Lubrimax Ghana, talk to The Energy Year about the Voltaian Basin’s hydrocarbons potential and the capabilities needed for Ghana to emerge as a leading frontier oil and gas market. Well Engineering Partners is a Dutch provider of well and drilling engineering, […]
Ghana is set to drill its first exploration well in the Voltaian Basin between the fourth quarter of 2026 and the first quarter of 2027, the Chief Executive Officer of the Petroleum Commission, Ms Emeafa Hardcastle, has disclosed.
Four of the world’s biggest oil companies are ready to bid for Ghana blocks but a stalled legal reform process is holding up their commitment