Ghana’s $60 billion Petroleum Hub project offers attractive fiscal incentives to investors, including a 10-year tax-free period from the start of production, the chief executive of the Petroleum Hub Development Corporation (PHDC), Dr. Toni Aubynn, said.
Ghanaian Energy Minister John Abdulai Jinapor used his Africa Oil Week opening address to set out reforms to Ghana’s petroleum fiscal and regulatory regime, aimed at reviving upstream investment. The measures are now before Cabinet and, once approved, will be sent to Parliament, with the government targeting passage before the end of 2026, Jinapor said.
Italian oil major Eni plans to increase gas production from Ghana’s Sankofa Gye-Nyame field in the Offshore Cape Three Points (OCTP) area to about 350 million standard cubic feet per day (mmscf/d) by 2028, a senior company executive said on Wednesday.
Mahama administration and the Ministry of Energy and Green TransitionUS$3.5 billion in planned upstream investment Energy Ministry Technical Advisor, Dr. Yussif Sulemana, says the government expects crude production to increase by the end of 2026 as investment returns to some of Ghana’s major producing fields. “I can tell you on authority that coming by the end of […]
Oil majors Shell and Chevron have signed a non-binding agreement for the acquisition of production rights over Ghana’s South Deepwater Tano Cape Three Points oil and gas block, Ghana’s energy minister said. • The memorandum of understanding with Ghana National Petroleum Corporation, signed on Tuesday, comes as the West African country looks to encourage investment […]
Ghana is positioning itself at the centre of a new upstream investment cycle in West Africa, as the Ghana National Petroleum Corporation (Ghana National Petroleum Corporation) and AOW:Energy align on a shared ambition to accelerate exploration, deepen investor engagement, and unlock frontier petroleum opportunities ahead of AOW:Energy 2026 (1–3 September, Accra). In a series of strategic industry conversations, GNPC […]
Ghana’s Petroleum Commission says it has resolved all disputes with upstream oil operators active in the country. The agency also reports two separate investment commitments totaling $3.5 billion, earmarked for the Jubilee and TEN fields as well as the Offshore Cape Three Points (OCTP) block. Several producing countries are currently working to secure new upstream […]
Crude oil production from Ghana’s Jubilee Field increased in the first half of 2026, although output fluctuated during the period, data from the country’s upstream petroleum regulator showed.
Ghana’s Energy Ministry approved the Brazilian state-controlled company’s application to negotiate exploration contracts.
Brazil’s state-run oil company, Petrobras (PETR3.SA), opens new tab, said on Friday it had submitted an expression of interest for exploration blocks in Ghana and begun negotiations.The West African nation’s Ministry of Energy and Green Transition had approved its application to negotiate exploration contracts for four offshore blocks in the Keta Basin, Petrobras said.Sylvia Anjos, Petrobras’ […]